Dear Sir/Ma,

LOAN OFFER, SCHEDULE OF PAYMENT AND AGREEMENT

We are pleased to inform you that your loan application with {{$company_name}} has been approved. Following an assessment of your request, we are pleased to offer you the loan under the following terms:

LOAN OFFER DETAILS

@if ($car_tracking == 'YES') @endif @if ($comprehensive_insurance == 'YES') @endif @if ($extension == 'YES') @endif @if ($recovery_deposit == 'YES') @endif

Loan Amount	₦{{number_format($loan_amount)}}
Interest Rate	{{$interest_rate}}% Per Month
Loan Tenure	{{$duration}} Months
Repayment Type	Monthly (Principal, Interest and Fees)
Collateral	@foreach ($collateral as $item) {{$item}} @endforeach
Management Fee	₦{{number_format($management_fee)}}
Car Tracking Fee	₦{{number_format($car_tracking_amount)}}
Comprehensive Insurance	₦{{number_format($comprehensive_insurance_amount)}}
Extension Option	This loan can be extended for an additional {{$extension_month}} month(s), provided that the monthly interest is paid on each repayment due date. If the monthly interest is not paid on the due date, the collateral will be liquidated in accordance with the collateral liquidation clause in the supplementary collateral agreement.
Recovery Deposit	₦{{number_format($recovery_deposit_amount)}}
Disbursement Amount	₦{{number_format($disbursement_amount)}}
Monthly Repayment	See Repayment Schedule

REPAYMENT SCHEDULE

@foreach ($repayment_schedule as $item) @endforeach

Repayment Date	Total Due	Principal	Interest
{{$item["repayment_date"]}}	₦{{number_format($item["total_due"],2)}}	₦{{number_format($item["principal"],2)}}	₦{{number_format($item["interest"],2)}}

LOAN OFFER AGREEMENT

This Loan Offer Agreement (the "Agreement") is made on the {{$agreement_date}} by and between:

1. {{$company_name}} (herein after referred to as the "Lender"), whose registered address is 2, Olugbesan Close, Allen Avenue, Ikeja, Lagos and
2. {{$customer_name}}, (herein after referred to as the "Borrower"), whose registered address is {{$address}}, {{$city}}, {{$state}}.

RECITALS:

The Lender agrees to provide the Borrower with a loan subject to the terms and conditions stated in this Agreement.

LOAN AMOUNT AND DISBURSEMENT

• The Loan Amount is ₦{{number_format($loan_amount,2)}}
• A Management Fee of ₦{{number_format($management_fee,2)}}, @if ($comprehensive_insurance == 'YES') A comprehensive Insurance of ₦{{number_format($comprehensive_insurance_amount,2)}} @endif @if ($car_tracking == 'YES') and Car Tracking Fee of ₦{{number_format($car_tracking_amount,2)}} @endif @if ($recovery_deposit == 'YES') and Recovery Deposit of ₦{{number_format($recovery_deposit_amount,2)}} @endif will be deducted upfront, resulting in a disbursed amount of ₦{{number_format($disbursement_amount)}}
• The Loan shall be disbursed to the Borrower's provided bank account upon signing this Agreement.

LOAN REPAYMENT TERMS

• The Loan shall be repaid in {{$duration_in_words}} ({{$duration}}) equal monthly instalments of ₦{{number_format($repayment,2)}}
• Payments should be made to the Lender's designated account as communicated to the Borrower.

LOAN LIQUIDATION

• Right to Liquidate: The Borrower shall have the right to liquidate the Loan in full at any time prior to the final maturity date. Partial liquidation of the Loan is not permitted.
• Liquidation Charge: In the event of full liquidation, the Borrower shall be liable to pay a liquidation charge equivalent to five percent (5%) of the outstanding principal balance as determined in accordance with the repayment schedule in effect as of the desired liquidation date.
• Accrued Interest: In addition to the liquidation charge, interest accrued from the date of the last repayment to the desired liquidation date shall be payable by the Borrower. The accrued interest shall be calculated by prorating the next scheduled interest payment based on the number of days elapsed between the last repayment date and the desired liquidation date.
• Total Liquidation Amount: The total amount payable by the Borrower to effect full liquidation of the Loan (the "Liquidation Amount") shall comprise:
  • the outstanding principal balance.
  • the liquidation charge as specified in Clause 2;
  • the prorated accrued interest as specified in Clause 3; and
  • any other amounts due and payable by the Borrower under this Agreement as of the liquidation date.
• Effect of Liquidation: Upon full payment of the Liquidation Amount by the Borrower, all obligations under this Agreement shall be deemed satisfied in full, and the Lender shall release any security or collateral held in relation to the Loan, subject to the discharge of any other secured obligations.

GRACE PERIOD AND DEFAULT CHARGES

• A grace period of two (2) calendar days is allowed for each repayment.
• If the Borrower fails to make repayment by the 2 days after the repayment is due, a default charge of 10% of the outstanding amount will be applied.
• Default charges shall continue to accrue monthly until full payment is made.

BORROWER'S OBLIGATIONS

• To ensure that monthly repayments are made on or before the due date.
• To provide the Lender with accurate contact information and promptly update any changes.

EVENTS OF DEFAULT

• Failure to make repayments in accordance with the terms specified in this Agreement.
• Any fraudulent or misleading information provided by the Borrower during the Loan application process.

REMEDIES IN CASE OF DEFAULT

In the event of default, the Lender reserves the right to:

• Demand immediate repayment of the entire outstanding Loan amount and accrued charges.
• Report the default to relevant credit bureaus or regulatory authorities.
• Institute legal proceedings to recover the Loan amount and associated costs.

SUPPLEMENTARY COLLATERAL AGREEMENT

This Supplementary Collateral Agreement ("Agreement") is made and entered into as of {{$agreement_date}}, by {{$company_name}} ("Lender"), and {{$customer_name}}, (herein after referred to as the "Borrower"), whose registered address is {{$address}}, {{$city}}, {{$state}}. This Agreement supplements the existing Loan Agreement dated the {{$agreement_date}} ("Loan Agreement") executed between the parties.

COLLATERAL DESCRIPTION

The Borrower agrees to provide the following tangible assets as collateral ("Collateral") to secure the loan:

@foreach ($collateral_description as $item)
• {{$item}}
@endforeach

STORAGE AND CUSTODY

The collateral shall remain in the custody of the Borrower throughout the loan period, subject to the terms and conditions set forth in this Agreement.

INSURANCE REQUIREMENTS

The Borrower shall maintain adequate insurance coverage on the Collateral throughout the loan period, with the Lender named as loss payee. The cost of insurance shall be borne by the Borrower.

LENDER'S RIGHT TO INSPECT AND COLLECT COLLATERAL

Right to Inspect: The Lender reserves the right to inspect the Collateral at any time during the loan period by providing the Borrower with reasonable notice of not less than 12 hours.

Right to Collect: The Lender has the absolute right to take possession of the Collateral at any time during the loan period without prior notice if:

• The Borrower defaults on any payment obligation under the Loan Agreement
• The Borrower fails to maintain the Collateral in good condition
• The Lender reasonably believes the Collateral is at risk of being damaged, lost, or disposed of
• The Borrower attempts to sell, transfer, or encumber the Collateral without written consent from the Lender

Collection Process: Upon demand by the Lender, the Borrower shall immediately surrender the Collateral to the Lender or its authorized representative at a location designated by the Lender.

BORROWER'S OBLIGATIONS REGARDING COLLATERAL

• The Borrower shall maintain the Collateral in good condition and protect it from loss, damage, or deterioration
• The Borrower shall not sell, transfer, pledge, or otherwise encumber the Collateral without prior written consent from the Lender
• The Borrower shall provide the Lender with immediate written notice of any loss, damage, or theft of the Collateral
• The Borrower shall allow the Lender reasonable access to inspect the Collateral upon request

TRANSFER OF VEHICLE OWNERSHIP AND SECURITY INTEREST

As a condition precedent to the disbursement of the Loan, the Borrower hereby irrevocably agrees and consents that the vehicle financed under this Agreement shall serve as security for the Loan.
Accordingly, the Borrower authorises and agrees that:

• The ownership documents, including but not limited to the vehicle particulars, registration documents, and any related title papers, shall be transferred into the name of Oxygen Ecommerce Solutions Limited for the duration of the Loan tenure.
• Such transfer of ownership is strictly for security and risk mitigation purposes and shall not be deemed a sale or permanent transfer of beneficial ownership, provided that the Borrower fully complies with the terms of this Agreement.
• Upon full repayment of the Loan, including all interest, fees, penalties (if any), and other sums due, Oxygen Ecommerce Solutions Limited shall re-transfer the Vehicle documents back to the Borrower within a reasonable time, subject to applicable administrative and regulatory requirements.
• In the event of default, Oxygen Ecommerce Solutions Limited reserves the right to exercise all remedies available under this Agreement and applicable law, including retention, repossession, or disposal of the Vehicle without further consent from the Borrower.
• The Borrower confirms that they have voluntarily agreed to this arrangement, fully understand its implications, and waive any future claims arising from the temporary transfer of the Vehicle documents in accordance with this clause.

SELLING OF COLLATERAL FOR LOAN REPAYMENT

• Grace Period: If the Borrower fails to repay the loan by the maturity date or the last repayment schedule date specified in the Loan Agreement, a grace period of 3 days will be granted from the maturity date.
• Right to Liquidate: Should the Borrower fail to fulfil the repayment obligation by the end of the grace period, the Borrower hereby grants the Lender the authority to liquidate the Collateral immediately, without requiring additional consent from the Borrower or court order. The collateral may be liquidated by auction or private treaty without any corresponding obligation on the Lender to sell the collateral at full value.
• Application of Proceeds: Proceeds from the sale of the Collateral will be applied to the outstanding loan balance, including any accrued interest and fees including the liquidation cost. Any surplus funds if any will be returned to the Borrower, while any deficiency will remain the Borrower's responsibility.

DEFAULT AND ENFORCEMENT

In addition to the events of default specified in the Loan Agreement, the following shall constitute events of default under this Collateral Agreement:

• Failure to surrender the Collateral upon demand by the Lender
• Any attempt to sell, transfer, or encumber the Collateral without written consent
• Failure to maintain adequate insurance on the Collateral
• Any material damage to or loss of the Collateral not immediately reported to the Lender

MISCELLANEOUS

• Amendments: Any amendments to this Agreement must be in writing and signed by both parties.
• Governing Law: This Agreement shall be governed by and construed in accordance with the laws of Nigeria.
• Severability: If any provision of this Agreement is found to be unenforceable, the remaining provisions shall remain in full force and effect.

IN WITNESS WHEREOF, the parties have executed this Supplementary Collateral Agreement as of the day and year first above written.