LOAN AGREEMENT
Exhibit 10.10
No. 2407001
This Loan Agreement (“Agreement”) is entered into on 1st January 2024 between:
| Borrower: | Lender: | |
| Delixy Energy Pte Ltd | Mega Origin Holdings Limited | |
| Company registration No.: 200716628Z | Company registration No.: 1610236 |
Loan Details:
Loan Amounts: USO 5,000,000
Interest rate: 3.5% per annum
Repayment term: The loan is for a period of two years and not repayable upon demand, save upon the request by the Borrower, whichever earlier.
Terms and conditions:
Interest rate: 3.5% per annum
Repayment:
The loan is for a period of two years and not repayable upon demand, save upon the request by the Borrower, whichever earlier.
The Borrower agrees to provide a notice period of at least One (1) Day before demanding repayment. Repayment shall be made to the Lender’s specified bank account.
This Agreement shall be governed and construed in accordance with the laws of Singapore.
This Agreement constitutes the entire understanding between the parties and supersedes any prior agreements, whether written or oral.
IN WITNESS WHEREOF, the parties hereto have executed this Loan Agreement as of the Effective Date.
| Lender’s signature: | /s/ Xxx Xxxxxxxx | |
| Name/Position: | Xxx Xxxxxxxx, Director | |
| Date: | 1 January 2024 |
| Borrower’s signature: | /s/ Xxx Xxxxxxx | |
| Name/Position: | Xxx Xxxxxxx, Director | |
| Date: | 1 January 2024 |
