VERBAL LOAN AGREEMENT
VERBAL LOAN AGREEMENT
This Verbal Loan Agreement is entered into on June 15, 2018 (the “Effective Date”), by and between Xxxxxx Xxxxxxxxxx (the “Lender”) and Xxxxxxxxx.Xxx Inc. (the “Borrower”), collectively “the Parties.”
TERMS OF REPAYMENT
1 Loan Amount
The Lender agrees to lend a total of $50, 000 payable in applicable installments over the Term (“The Loan”).
2 Interest Rate
Both Parties agree upon an interest rate of 0%.
3 Term
The Loan Term is 5 years.
“LENDER”
By: /s/ Xxxxxx Xxxxxxxxxx
Date: June 15, 2018
“BORROWER”
By: /s/ Xxxxxx Xxxxxxxxxx
Date: June 15, 2018