LOAN AGREEMENT
Exhibit 10.6
LOAN AGREEMENT
This LOAN AGREEMENT ("Agreement"), is made on _______________
BETWEEN
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Xxx Xxx Tu of ___________________
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(hereinafter the "Lender"),
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AND
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Xxxx Xxxx Resources Inc. of Suit e 2 0 5, 000 Xx. X xxxxxx,
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Xxxxxxxx, Xxxxxx. X0X 0X0 Xxxxxx (hereinafter the "borrower")
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WHEREAS,
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Xxxx Xxxx Resources Inc. is in need of additional financing,
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WHEREAS,
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the Lender is prepared to advance such funds
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NOW, THEREFORE, the parties hereto agree as follows:
ARTICLE 1: DEFINITIONS
!n this Agreement, unless the context otherwise requires:
1.1 Currency - All currencies are expressed in the United States of America dollars.
ARTICLE 2: TERMS & CONDITIONS
2.1
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The Lender agrees to !end a total sum of $___________ to be paid over to the Company within three days of the signing of this Agreement (the “loan”).
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2.2
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The Loan shall bear an interest rate of 1% per month, calculated monthly and non-compounded.
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2.3
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The principal and interest shaU be due and payable on ___________________.
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2.4
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The Borrower is guaranteed the loan & interest personally or the company asset
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2.5
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The parties have agreed to draw up this Agreement in the English language. Les parties ont convenu que le present contrat soit ecrit en ang!ais.
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized representatives on date as given above.
Lender
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Borrower
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Xxx Xxx Tu
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Xxxx Xxxx Resources Inc.
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