Loan Agreement
Exhibit 10.93
The Loan Agreement (the "Agreement") is entered into on March 13, 2017 by and between the following two parties:
(1) Law Enterprise Co., Ltd. ("Party A")
(2) Action Holdings Financial Limited Taiwan Branch ("Party B")
Party A and Party B will each be referred to as a "Party" and collectively referred to as "Parties."
WHEREAS, Party B wishes to borrow a short-term loan from Party A for its short-term payments and Party A agrees to provide such loan to Party B for such specified purpose.
NOW THEREFORE, Parties agree as follows:
| 1. | Party A agrees to provide the loan at amount NTD17,000,000 (the “Loan”) to Party B and agrees to remit such Loan to the account designated by Party B within 10 days of the effective date of this Agreement. |
| 2. | Term for the Loan shall be from March 13, 2017 to March 12, 2018 (the “Term”) with a fixed interest rate at 2.0%. The principal amount of the Loan together with the accrued interest shall be paid in one lump sum before March 12, 2018. |
| 3. | In the event that Party B fails to repay the Loan, it shall pay to Party A in an amount of the agreed interest payment and liquidated damages . |
| 4. | IN WITNESS WHEREOF, Parties have executed this Agreement , or have caused this Agreement to be duly executed on their behalf, as of the date first above written. This Agreement is executed in duplicate, with each Party holding one original. |
Party A (Lender):
For and on behalf of
Law Enterprise Co., Ltd. (seal)
No: 86300857
Address: 5th Floor, No. 311 Section 0, Xxx-Xxxx Xxxx Xxxx, Xxxxxx Xxxx, Xxxxxx, Xxxxxxxx of China
Party B (Borrower):
For and on behalf of
Action Holdings Financial Limited (seal)
/s/Xxx Xx-Xxxxx
Authorized representative (and Guarantor with joint and several liability): Xxx Xx-Xxxxx
No: 53675377
Address: 7th Floor, No. 311 Section 0, Xxx-Xxxx Xxxx Xxxx, Xxxxxx Xxxx, Xxxxxx, Xxxxxxxx of China
