Loan Agreement
Exhibit 6.7
This loan agreement is made and will be effective on 09/09/2019
BETWEEN
Xxxxxxxx Xxxxxxx of behalf Sagoon Inc. – a Delaware Corporation hereinafter referred to as the “Borrower” with a street address of 0000 Xxxxxx Xx, Xxxxxxxxxx, Xxxxxxxx 00000.
AND
Xx. Xxxxxxx Xxxxxx hereinafter referred to as the “Lender” with a street address of 00000 Xxxxxxxxx Xxx, Xxxxxxxx XX 00000.
Terms and Conditions:
Promise to Pay:
Sagoon Inc. a borrower promises to pay the Lender $25,000.00 dollars (Twenty Five Thousands) and interest on of before 9 months from the date parties signed this agreement.
Lender will have options to convert his/her loan into company stocks (equity) at the current valuation or convertible note at the valuation of a later funding round.
Details of Loan: Agreed Between Borrower and Lender:
Amount of Loan: $25,000.00
Lender is giving one loan or in 6 installments.
ANNUAL PERCENTAGE RATE 6%
| /s/ Xxxxxxx Xxxx | |
| Borrower’s Signature | |
| Xxxxxxx Xxxx | |
| Xxxxxxxx Xxxxxxx is personally responsible to pay the loan above as guarantor. | |
| /s/ Xxxxxxx Xxxxxx | ||
| Lender’s Signature (Xxxxxxx Xxxxxx) | ||
| Witnesses: | 1. /s/ Xxxx X. Xxxxxx | |
| 2. /s/ Xxxxxxxx Xxxxxxx | ||
