Exhibit 10.1
INTEREST-FREE LOAN AGREEMENT
This Agreement made on 2nd day of March 2015
This Interest-free Loan Agreement (The "Agreement") is made between from one
side Fellazo Corp. (The "Corporation"), with its principal office located at
xxx. Xxxxxx-Xxxx, xx 00/00- 000, Xxxxxxxx, Xxxxxxxx of Moldova, and from another
side Xxxxxx Hripcenco, (The "Director"), where the Corporation and the Director
(The "Parties") has agreed to following:
In circumstances where the Corporation requires funds in connection with
business operations the Director has agreed to loan the amount of US$20,000 (the
"Loan amount") to the Corporation, on certain terms and conditions contained in
this Agreement as following:
1. The Director hereby agrees to loan up the Loan amount to Corporation on
demand of the Corporation.
2. Loan funds advanced shall be non-interest bearing, secured and payable upon
demand.
3. Any additional funds that the Director loans to the Corporation subsequent to
this Agreement shall be subject to the same terms as this Agreement, unless
otherwise agreed in writing.
4. In accordance to the registration statement of the Corporation, if the
proceeds from the offering shares will not be sufficient, the Director will loan
to the Corporation needed funds to complete the registration process, implement
business plan, and maintain reporting status and quotation on the OTC Electronic
Bulletin Board or other quotation service, which should not be more then the
Loan amount.
5. The Loan amount will be available for the Corporation until the Corporation
will start to earn significant revenues, sufficient for ongoing operations and
to pay all expenses.
6. The repayment of the Director's Loan amount from the Corporation should be
started when the Corporation stars to earn significant revenues from its
operations. The repayment will be made in accordance to The Loaned amount of
funds by Director to the Corporation for the time period from inception till
last the Loan to the Corporation.
In witness whereof the Parties hereto have hereunto affixed their respective
hands, both as of the day and year first above written.
Authorized Signature
/s/ Xxxxxx Hripcenco
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Xxxxxx Hripcenco,
President & Director of Fellazo Corp.
