Terms & Conditions
Transferability: Subject to its terms and conditions, this SME Bond may be sold or transferred.
This SME Bond is repayable to the Payee or bearer at the address designated from time to time by the Payee.
Repayment: The principal amount of this SME Bond together with any outstanding interest shall become due and payable at maturity if not repaid sooner.
Interest payments: Interest shall be at the rate of 9% per annum paid quarterly from the Note issue date.
Default: Upon default in any obligation described herein, the holder may accelerate and declare the entire unpaid balance immediately due and payable. This Note shall become immediately due and payable upon: (1) failure to make any payment within 15 days of its due date; or (2) breach of any condition of any security interest, mortgage, or guarantee granted as collateral security.
Late Fee: Payments not made within 15 days of the due date shall be subject to a late charge of 12% of the said payment.
Early Repayment: The Maker may repay the principal amount outstanding in whole or in part at any time without penalty.
Governing Law: This Note shall be governed by and construed in accordance with the laws of the State of Queensland, Australia.
Successors: All of the foregoing is the promise of the Maker and shall bind the Maker and the Maker's successors, heirs and assigns. The Maker may not assign any of its rights or delegate any of its obligations without the prior written consent of the holder.
Name of Lender/Payee: Redacted Address of Lender/Payee: Redacted