LOAN AGREEMENT
THIS AGREEMENT made the May 30, 2019.
BETWEEN:
XXXXX MORBEDADZE, of 302Yayun Ave, Panyu, Guangzhou, Guangdong 510000, China. (“Lender”)
OF THE FIRST PART
AND:
EXCELLERANT, INC. a company incorporated pursuant to the laws of Nevada with an address at 302Yayun Ave, Panyu, Guangzhou, Guangdong 510000, China. ("Company")
OF THE SECOND PART
WHEREAS:
X.Xxxxxxx requires funding in connection with its business operations;
B.Lender has agreed to loan the amount up to US$25,000 to the Company, on certain terms and conditions contained herein;
NOW THEREFORE THIS AGREEMENT WITNESSETH the parties hereto agree as follows:
1.Lender hereby agrees to loan the amount up to US$25,000. The Lender may lend additional amount after the initial $25,000 loan, but he is not required to do so.
0.Xxxx funds advanced shall be non-interest bearing, secured and payable upon demand.
3.Any additional funds that Lender loans to Company subsequent to this Agreement shall be subject to the same terms as this Agreement, unless otherwise agreed in writing.
IN WITNESS WHEREOF the parties hereto have hereunto affixed their respective hands, both as of the day and year first above written.
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| /s/ Xxxxx Morbedadze | /s/ Xxxxx Morbedadze |
| Xxxxx Morbedadze | Authorized Signatory |
