Conditions Precedent to Draw-Down
Following your decision to obtain a credit facility from DEVANTTECH Ltd, here are the conditions precedent:

i. Acceptance of the terms and conditions of the offer as contained herein.
ii. DEVANTTECH LIMITED shall grant a moratorium of 30 days pending when the deduction shall be effected from your salary.
iii. DEVANTTECH LIMITED shall deduct the monthly installment from your salary in accordance with the terms and covenants of the loan facility.
vi. In the event that your monthly deduction is missed, please transfer your repayment amount manually to our account, Devanttech Ltd, FirstBank, A/C No 2045539697.

1. Other Conditions
i. The borrower agrees to repay DEVANTTECH LIMITED Facility (Principal plus accrued interest) in accordance with the Terms and Conditions of this Document.
ii. The debt obligation created shall not be subordinated to any outstanding or future obligations of the borrower.
iii. If the borrower intends to liquidate the facility before the end of the loan period, the borrower is to pay up the outstanding principal, the full interest for the current month, and a pre-liquidation charge of 2% on the outstanding total principal.
iv. Where the date for repayment falls on a non-business day, the payment becomes due on the preceding business day.

2. Representations and Warranties
i. There is no litigation or administrative proceeding pending against the Borrower that would substantially affect their financial position or ability to carry on normal business.
ii. The Borrower is not in default under any obligation in respect of any borrowed money, and the execution and performance of this loan obligation will not result in a breach of default under any provision of any agreement to which the Borrower is a party.

3. Events of Default
i. The Borrower fails to make repayment or payment of the principal, interest or other amount on the date it was due.
ii. If the Borrower's creditors obtain a court order or injunction against the Borrower's accounts.
iii. The Borrower undertakes to bear all costs and expenses incurred by the company for recovery of the loan sum in the event of default.
iv. DEVANTTECH LIMITED may at any time involve a third party with the sole purpose of recovering its money.
v. Company reserves the right to reach out to family, friends, colleagues, acquaintances and relatives notifying them about your obligations if you are defaulting.
vi. The right to use every legal means possible to recover this loan will be invoked upon default.

4. Assignment
This Offer Letter shall be binding upon the Borrower as well as their respective heirs and assigns. The Borrower shall not assign or transfer their obligations hereunder.

Declaration
I hereby confirm that I have read and understood the terms of this facility.