Clone of Holiday Loan Application

This Loan Disclosure Agreement (the “Agreement”) is made between Allen Consulting and Advisory Services (the “Lender”) and the Borrower (the “Client”) for the purpose of providing a Holiday Loan (the “Loan”). By accepting the Loan, the Client agrees to the following terms and conditions:

1. Loan Purpose and Terms: The Lender agrees to provide a Holiday Loan to the Client under the agreed terms and conditions. The Loan will be issued for the purpose of supporting the Client’s holiday-related expenses.

2. Client’s Obligation to File a Tax Return: As a condition of receiving the Loan, the Client agrees to file a tax return with Allen Consulting and Advisory Services (“Tax Filing Requirement”). This filing must be completed no later than Feb 15, 2025 and the Client agrees to provide all necessary documentation and information required for the preparation of the tax return.

3. Failure to Comply with Tax Filing Requirement: In the event that the Client does not fulfill the Tax Filing Requirement as described in Section 2, the Client acknowledges that they will be in default of this Agreement. If the Client fails to file their tax return as required, the following will apply: The Client will be obligated to repay the full Loan amount, including any applicable interest and fees, immediately upon the failure to file their tax return. In addition to the Loan repayment, the Client will incur additional fees for non-compliance as outlined in the Fee Schedule attached to this Agreement. These fees may include, but are not limited to, late payment fees and administrative fees for processing the default.

4. Repayment Terms The Client agrees to repay the Loan in accordance with the repayment schedule outlined in the Loan Agreement. Failure to comply with the repayment terms, including failure to file the tax return as outlined in Section 2, may result in further financial penalties or legal action as determined by the Lender.

5. Acknowledgment of Terms By signing below, the Client acknowledges that they have read, understood, and agree to all the terms and conditions outlined in this Loan Disclosure Agreement, including the requirement to file a tax return with Allen Consulting and Advisory Services and the consequences for non-compliance.

6. Governing Law This Agreement shall be governed by and construed in accordance with the laws of client state. Any disputes arising from this Agreement will be resolved in the appropriate jurisdiction.