tetratorus · February 20, 2018 12:29
diff --git a/test b/test
 ***THIS LOAN SETTLEMENT AGREEMENT*** is made on
 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

 ***BACKGROUND***

 1.  Pursuant to a loan by the Singapore Management University (SMU)
    constituent body known as Special Interest and Community Service
    Sodality (SICS) of S$6,240.00 to the SMU Wine Appreciation
    Club (WAC) for the repayment of the debt incurred previously.

 2.  After many repayment proposals and attempts, SICS recognizes the
    difficulty in raising revenue through club activities for WAC due to
    the inherent nature of the subject matter being dealt with, i.e.
    Alcohol.

 3.  In light of this understanding, SICS and WAC have decided to enter
    into this agreement to assist in the repayment of the loan
    of S$6,240.00.

 ***IT IS AGREED*** as follows:

 **1. *DEFINITIONS***

 In this Agreement:

 > “***Semester***” refers to the first academic semester of AY15/16
 > (i.e. 17<sup>th</sup> August 2015 – 31<sup>st</sup> December 2015)

 **2. *WAIVER BY SICS***

 2.1 In light of the restrictions and difficulties faced by WAC, SICS
 shall waive a portion of the loan to the sum of S$1,700.00 from the
 total loan of S$6,240.00 owed by WAC to SICS.

 **2.2 The waiver will take effect on the date stated at the beginning of
 this Agreement. **

 2.3 The remainder amount after the waiver shall be henceforth referred
 to as “**The Remaining Loan**”.

 **3. *REPAYMENT OF THE REMAINING LOAN***

 3.1 With the indulgence by SICS for the waiver of S$1,700.00, both
 parties agree that this repayment agreement is a full and final
 settlement for WAC’s loan from SICS, and WAC will repay **The Remaining
 Loan** in the following manner.

 3.2 WAC will conduct in this **Semester**, the following events:

 -   Collaboration with SMU Gourmet Club in *Délicieux* with a wine
    appreciation workshop.

 -   Collaboration with SMU Women’s Connection for a networking workshop
    with a wine appreciation component.

 -   Conducting an “Around the World” wine appreciation lesson for
    intermediate participants

 -   Collaboration with SMU Barworks for a beer appreciation event in
    line with Oktoberfest.

 -   Collaboration with SMU Gourmet Club for the bi-annual “Thank God Its
    Over (TGIO)” buffet style wine and dine celebration nearing the end
    of the **Semester**.

 3.3 WAC shall endeavor to promote the events as listed in **3.2**
 through the following methods

 -   For each event listed in **3.2**, with the exception of the
    collaboration with SMU Women’s Connection, shall have **TWO (2)**
    emailers sent out to the students.

 -   For each event listed in **3.2**, with the exception of the
    collaboration with SMU Women’s Connection, shall be posted on the
    WAC Facebook page.

 3.4 In addition, WAC will create and submit a Safety Standard Operating
 Procedure (SSOP) as attached in **ANNEX A**.

 3.5 WAC will also be taking part in SICS Day 2015, should it not clash
 with any events that are listed in **3.2**.

 3.6 WAC will be involved in setting up a booth with activities to
 involve the participants. The details of the activities are as listed in
 **ANNEX B**, subject to changes by both SICS and WAC.

 3.7 As of 21<sup>st</sup> December 2015, SICS shall have claim over the
 value amounting to the full amount of the money in both WAC’s current
 account and reserves as reflected on 21<sup>st</sup> December 2015, as
 well as any subsequent deposits into the account only for transactions
 occurring during the **Semester**.

 3.8 If **The Remaining Loan** is not addressed by the end of the
 **Semester**, then a meeting will be set up between SICS and WAC to
 discuss further.

 **4. *OTHER COVENANTS***

 4.1 The parties henceforth agree to be legally bound by the following
 contract.

 1.  Parties agree that this Agreement constitutes the entire agreement
    of the parties relating to the loan of S$6,240.00 **addressed** in
    this Agreement. This Agreement **supersedes** all prior
    communications, contracts, or agreements between the parties with
    respect to the subject matter addressed in this Agreement, whether
    oral or written.
	*THIS LOAN SETTLEMENT AGREEMENT* is made on
	\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

	*BACKGROUND*

	1. Pursuant to a loan by the Singapore Management University (SMU)
	constituent body known as Special Interest and Community Service
	Sodality (SICS) of S$6,240.00 to the SMU Wine Appreciation
	Club (WAC) for the repayment of the debt incurred previously.

	2. After many repayment proposals and attempts, SICS recognizes the
	difficulty in raising revenue through club activities for WAC due to
	the inherent nature of the subject matter being dealt with, i.e.
	Alcohol.

	3. In light of this understanding, SICS and WAC have decided to enter
	into this agreement to assist in the repayment of the loan
	of S$6,240.00.

	*IT IS AGREED* as follows:

	*1. DEFINITIONS***

	In this Agreement:

	> “*Semester*” refers to the first academic semester of AY15/16
	> (i.e. 17<sup>th</sup> August 2015 – 31<sup>st</sup> December 2015)

	*2. WAIVER BY SICS***

	2.1 In light of the restrictions and difficulties faced by WAC, SICS
	shall waive a portion of the loan to the sum of S$1,700.00 from the
	total loan of S$6,240.00 owed by WAC to SICS.

	**2.2 The waiver will take effect on the date stated at the beginning of
	this Agreement. **

	2.3 The remainder amount after the waiver shall be henceforth referred
	to as “The Remaining Loan”.

	*3. REPAYMENT OF THE REMAINING LOAN***

	3.1 With the indulgence by SICS for the waiver of S$1,700.00, both
	parties agree that this repayment agreement is a full and final
	settlement for WAC’s loan from SICS, and WAC will repay **The Remaining
	Loan** in the following manner.

	3.2 WAC will conduct in this Semester, the following events:

	- Collaboration with SMU Gourmet Club in Délicieux with a wine
	appreciation workshop.

	- Collaboration with SMU Women’s Connection for a networking workshop
	with a wine appreciation component.

	- Conducting an “Around the World” wine appreciation lesson for
	intermediate participants

	- Collaboration with SMU Barworks for a beer appreciation event in
	line with Oktoberfest.

	- Collaboration with SMU Gourmet Club for the bi-annual “Thank God Its
	Over (TGIO)” buffet style wine and dine celebration nearing the end
	of the Semester.

	3.3 WAC shall endeavor to promote the events as listed in 3.2
	through the following methods

	- For each event listed in 3.2, with the exception of the
	collaboration with SMU Women’s Connection, shall have TWO (2)
	emailers sent out to the students.

	- For each event listed in 3.2, with the exception of the
	collaboration with SMU Women’s Connection, shall be posted on the
	WAC Facebook page.

	3.4 In addition, WAC will create and submit a Safety Standard Operating
	Procedure (SSOP) as attached in ANNEX A.

	3.5 WAC will also be taking part in SICS Day 2015, should it not clash
	with any events that are listed in 3.2.

	3.6 WAC will be involved in setting up a booth with activities to
	involve the participants. The details of the activities are as listed in
	ANNEX B, subject to changes by both SICS and WAC.

	3.7 As of 21<sup>st</sup> December 2015, SICS shall have claim over the
	value amounting to the full amount of the money in both WAC’s current
	account and reserves as reflected on 21<sup>st</sup> December 2015, as
	well as any subsequent deposits into the account only for transactions
	occurring during the Semester.

	3.8 If The Remaining Loan is not addressed by the end of the
	Semester, then a meeting will be set up between SICS and WAC to
	discuss further.

	*4. OTHER COVENANTS***

	4.1 The parties henceforth agree to be legally bound by the following
	contract.

	1. Parties agree that this Agreement constitutes the entire agreement
	of the parties relating to the loan of S$6,240.00 addressed in
	this Agreement. This Agreement supersedes all prior
	communications, contracts, or agreements between the parties with
	respect to the subject matter addressed in this Agreement, whether
	oral or written.