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Clion Financing Agreement

This Financing Agreement, dated February 24, 2025, is between Clion Financing Brokers LLC and Ares Group SARL for a loan of $269,750 to co-finance the return of a 50kg gold consignment to Dubai. The loan will accrue a 20% interest rate, with repayment due immediately after payment to the refinery, and is secured by the consignment once cleared at customs. The agreement is governed by the laws of the United Arab Emirates and outlines the responsibilities of both parties regarding disbursement, repayment, and legal recourse in case of default.

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290 views3 pages

Clion Financing Agreement

This Financing Agreement, dated February 24, 2025, is between Clion Financing Brokers LLC and Ares Group SARL for a loan of $269,750 to co-finance the return of a 50kg gold consignment to Dubai. The loan will accrue a 20% interest rate, with repayment due immediately after payment to the refinery, and is secured by the consignment once cleared at customs. The agreement is governed by the laws of the United Arab Emirates and outlines the responsibilities of both parties regarding disbursement, repayment, and legal recourse in case of default.

Uploaded by

destine kanza matumona
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

FINANCING AGREEMENT

BETWEEN

CLION FINANCING BROKERS LLC


Office 2501, Burj al Salam,
Trade Centre First Sheikh Zayed Road
Dubai, United Arab Emirates

&

ARES GROUP SARL


144 Avenue du 4 janvier
Kindu, Maniema,
Democratic Republic of Congo

REF: …………/25

DATE: 24 Feb, 2025


This Financing Contractual Agreement ("Agreement") is entered into on 24th/Feb/2025,
between
Clion Financing Brokers LLC represented by Mr. ALI HASHIM DARWISH IBRAHIM,
located at 2501, Burj Alsalam Tower, Sheikh Zayed Road, Dubai, United Arab Emirates,
hereinafter referred to as "the Lender",
and
Ares Group SARL, represented by Mr. MARCUS SAMIR KALALA-LUNA NYAMABU,
located at 144 Avenue du 4 janvier, Kindu, Maniema, Democratic Republic of Congo,
hereinafter referred to as "the Borrower".
PREAMBLE
WHEREAS, the Borrower required co-financing for a 50kilogram gold consignment; air
freight, tax, insurance amounting to a total payment of 6.5%* $83,000 (Congolese
Government Fixing) * 50KG’s = $269,750 from the Kinshasa airport, Democratic Republic of
Congo, to the Dubai airport, United Arab Emirates
WHEREAS, the goods were returned to Nairobi due to the lack of three missing documents,
the Borrower requested the Lender to finance the process of returning the goods to Dubai.
WHEREAS, the Lender is willing to provide the necessary financing to the Borrower subject
to the terms and conditions set forth in this Agreement.
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained
herein, the parties agree as follows:
1. Loan Amount: The Lender agrees to provide a loan amount of $269,750 to the Borrower
for the purpose of co-financing of the air freight, tax, insurance for the 50kg gold
consignment; as well as the costs of bringing the merchandise back to Dubai.
2. Disbursement of funds; Funds will be wired to the appointed clearing and forwarding agent
of trust appointed by the lender, who will ensure direct payment to the relevant government
bodies and proof submitted to both parties so there are no mishaps and there is intended
purpose and use of funds.
3. Repayment Terms: The Borrower shall repay the loan amount in full to the Lender
immediately after payment to the refinery of the buyer. The repayment shall be made in a
single installment.
4. Interest Rate: The loan shall accrue interest at a rate of 20%. The Borrower shall pay the
accrued interest along with the principal amount at the time of repayment; ($269,750 + Costs
incurred to bring the merchandise back to Dubai) * 20% =….. + bonus (1% of MLB –
15%/kg)
5. Security: The consignment once in customs custody at the Dubai airport is cleared and
transported to the buyer's refinery by the Lender, after signing the IMFPA.
6. In the event of default by the Borrower in making the repayment as per the terms of this
Agreement, the Lender shall have the right to take legal action to recover the outstanding loan
amount along with any accrued interest and costs.
7. Governing Law: This Agreement shall be governed by and construed in accordance with
the laws of the United Arab Emirates.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
above written.
Borrower: Ares Group SARL Lender: Clion Financing Brokers LLC
Represented By: Mr. Marcus Samir Kalala- Represented By: Ali Hashim Darwish
Luna Nyamabu Ibrahim
Cachet et Signature: Cachet et Signature:

Ares Group SARL Clion Financing Brokers LLC

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