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(e) The obligations of the Borrower hereunder rank pari passu with any other unsecured obligations
( including guarantee obligations)of the Borrower for money borrowed.
Article 9. Covenants
9.1 The Borrower will furnish to the Lender as soon available and In any event within one hundred
fifty(150) days after the end of each of its fiscal years, a copy of the audited annual financial
statements of the Borrower and its consolidated subsidiaries, including for both a balance
sheet as at the end of such fiscal year and the related statements of profit and loss and
retained earnings for such fiscal year, prepared in accordance with accounting principles and
practices generally accepted in and certified by independent public accountants of recognized
standing selected by the Borrower.
Article 10. Events of Default
10.1 If:
(a) The Borrower fails to pay any principal amount of or interest on the Loan for more than three(3)
days after the due date thereof or fails to pay any other sum payable hereunder for more than
five(5) days after the due date thereof ;
(b) The Borrower shall default in the·due performance or observance of any other term or condition
of this Agreement for more than thirty(30) days after receipt of notice thereof from the Lender :
(c) Any representation or warranty made by the Borrower in this Agreement or any certificate or
statement delivered to the Lender pursuant hereto proves to have been materially incorrect or
inaccurate when made :
(d) Any governmental authorization approval or consent necessary for the raising or repayment by
the Borrower of the amount to be lent hereunder on the terms and conditions described in this
Agreement or for the payment of interest or fees as stipulated herein or for any other matters
or thing contemplated by this Agreement is withdrawn or modified in a manner unacceptable to
the Lender or is revoked or terminated or expires ; or
(e) The Borrower institutes proceedings to be adjudicated bankrupt or insolvent, or consents to the
institution of bankruptcy or insolvency proceedings against it or files a petition or answer or
consent seeking reorganization or relief or consents to the filing of any such petition or to the
appointment of a receiver of or over any substantial part of the property of the Borrower, or
makes a general assignment for the benefit of creditors or admits in writing its inability to pay
its debts generally as they become due ;Then the Lender may by written notice to the Borrower
declare all the outstanding amount of the Loan together with accrued interest thereon and any
other sums whatsoever outstanding and payable under this Agreement to be due and payable
whereupon the Loan shall become due nd payable without demand or other notice of any kind,
all or which are hereby waived by the Borrower.
Article 11. Assignment
11.1 This Agreement shall bind and inure to the benefit of the Borrower and the Lender and their
respective successors and assigns provided that :
(a) The Borrower may not assign its rights or obligations hereunder without prior written consent of
the Lender, such consent nto to be unreasonably withheld ; and
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