Attn: Board of Directors Re: Funding Agreement
July 27, 2015
00000 Xxxxxxx Xxxxxxx
Xxxxx, XX 00000
Attn: Board of Directors
This Agreement (the “Agreement”) between Xxxxxxx Xxxxxx (“Xxxxxxx Xxxxxx”) and ANDES 7 Inc. (the “Company”) is made as of July 27, 2015. The agreement stipulates the following:
R E C I T A L S
WHEREAS, Xxxxxxx Xxxxxx agrees to commit financial support to the Company for an unlimited period of time as his resources allow. The anticipated expenses are for the following: 1) maintaining the Company’s Exchange Act reporting requirements, 2) The investigation, analyzing, and consummation of an acquisition.
NOW THEREFORE, the parties hereto hereby agree to be legally bound as follows: Xxxxxxx Xxxxxx will pay all expenses for ANDES 7 Inc. for an unlimited period of time as his resources allow. Xxxxxxx Xxxxxx will receive no recompense for the financial amount(s) given towards expenses for ANDES 7 Inc.
I hereby acknowledge receipt of this Agreement and sign below signifying our full acceptance to the terms and conditions hereof:
By: /s/ Xxxxxxx Xxxxxx
President & Chief Executive Officer
Xxxxxxx Xxxxxx
By: /s/ Xxxxxxx Xxxxxx
Xxxxxxx Xxxxxx
| 1 |
