Surjit Singh Gill
Exhibit
10.2 Letter Agreement with Xxxxx’s President regarding
loan advances
Xxxxxx Xxxxx
Xxxx
Xxxxx
House,
1032
Katkarwadi,
Yari Road, Versove
Andheri
(W) Mumbai,
India
400061
|
April
15, 2008.
|
Suraj
Venture, Inc.
C/O 2/32
Xx Xxxxxxxx,
Co-Operative
Housing Society,
Eastern
Express Highway,
Sion
Trombay Road, Chunabhatti Sion,
Mumbai,
India, 40061
Attention: Xx.
Xxx X’Xxxxx, Secretary Treasurer
Dear
Sirs:
I am
writing to confirm my willingness, and agreement, to ensure that Suraj Ventures
Inc. (the “Company”) will have sufficient cash to meet its budgeted and expected
expenses over the coming twelve (12) months (estimated at approximately $5,000)
as detailed in the draft S-1 Registration Statement to be re-filed with the U.S.
Securities & Exchange Commission in the next few days.
To date I
have advanced Suraj $6,248 (the “Prior Advances”) and I am prepared to advance
up to a further $17,500 to Suraj (the “New Advances”) .
In
consideration of the sum of $1.00 and other good and valuable consideration (the
receipt and sufficiency of which is hereby acknowledged) I hereby agree to make
New Advances to Suraj, as and when the company may need such advances (to meet
its expenses over the coming twelve (12) months) which New Advances will not
exceed $17,500, at any time they may be required by Xxxxx from and after the
date hereof.
Both the
Prior Advances and the New Advances will not bear interest and they have no
fixed terms of repayment. However, the Prior Advances and the New
Advances will be payable upon demand made by me in writing to Xxxxx, sent to the
addressee at his address set out above.
Please
confirm your agreement with the forgoing by countersigning this letter on behalf
of Xxxxx.
Your
truly,
/S/ XXXXXX XXXXX
XXXX
Xxxxxx
Xxxxx Xxxx
Confirmed
and Agreed as of April 15, 2008.
Per: /S/ XXX
D”XXXXX
Xxx X’Xxxxx,
Secretary/Treasurer
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