LOAN AGREEMENT
Exhibit 10.1(a)
Lender: Well Thrive Limited (hereafter “Party A”)
Borrower: Aerkomm Taiwan Inc. (hereafter “Party B”)
For the purpose of providing a working capital loan to Party B, both parties agreed to enter into this agreement (“Loan Agreement”) with the following terms:
| 1. | Party B wishes to borrow NT$80,000,000 (approximately U.S. $2,640,000) and Party A agrees to lend such amount according to the terms and conditions of this agreement. |
| 2. | Party A will wire transfer the above loan amount in one transaction to Party B within seven (7) days after the signing of this agreement. |
| 3. | The Loan Agreement shall remain effective until December 31, 2021. Party B shall repay the full loan amount upon or prior to the expiration of the Loan Agreement. |
| 4. | The interest rate for the Loan Agreement shall be 5% per annum. However, if Party B repays the full loan amount within one month, the interest shall be waived. |
| 5. | Party A shall pursue legal action if Party B does not repay the loan amount according to the terms of this agreement. |
| 6. | This Loan Agreement is executed in two copies, one of which shall be held by each party respectively. |
| Party A: Well Thrive Limited | /s/ Corporate Seal | |
| Legal Representative: Sheng-Xxxx Xxxxx | /s/ Personal Seal |
Tax ID: Taiwan 54173268
Address: Xx. 00, Xxxx Xxxx Xxxx, Xxxxx Xxxxx Xxxxxxxx, Xxxxxx Xxxx, Xxxxxx
| Party B: Aerkomm Taiwan Inc. | /s/ Corporate Seal | |
| Legal Representative: Xxxx-Xxxx Xxx | /s/ Personal Seal |
Tax ID: Taiwan 50782227
Address: Xx. 00, Xxxx 000, Section 0, Xxxxx Xxxx, Xxxxx Xxxxxxxx, Xxxxxx Xxxx, Xxxxxx
