Payment Agreement

This Payment Agreement (the "Agreement") is entered into on [Date] (the "Effective Date").

1. Parties

Creditor

• Full legal name: [Company name]
• Registered address: [Address]
• CVR/ID No.: [CVR]

Debtor

• Full legal name: [Company name]
• Registered address: [Address]
• CVR/ID No. / CPR No.: [CVR]

The Creditor and the Debtor are each a "Party" and together the "Parties".

2. Background

2.1 Outstanding Amount

The Debtor acknowledges that it owes the Creditor the amount of [Number] [Currency] (the "Outstanding Amount").

2.2 Basis of Debt

The Outstanding Amount arises from [Description].

2.3 Repayment Plan

The Parties wish to establish a structured repayment plan.

3. Payment Terms

3.1 Schedule

The Debtor shall repay the Outstanding Amount as follows:

• [Number] [Currency] due [Date]
• [Number] [Currency] due [Date]
• [Number] [Currency] due [Date]

OR

• [Number] [Currency] starting [Date]

3.2 Payment Account