Loan Agreement
Exhibit 10.3
Party 1: Morolling International (HK) Limited
Party 2: Moxian Malaysia Sdn Bhd
Both parties agree that Party 1 investment will be governed according to the terms as follows:
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1)
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Party 1 shall make a loan of RM 69,300 to Party 2 for a period of 12 months. Party 1 shall transfer the loan to the designated account of Party 2 within three days from date of execution of this Agreement.
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2)
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Party 1 shall repay the total loan amount on the due date without interest.
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3)
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This Agreement shall be governed by the laws of Hong Kong SAR.
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4)
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This Agreement shall be executed in two copies, with each copy to be kept by both parties.
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Party 1:
Signature: /s/ Ng Xxxx Xxxx
Date: 1st September 2013
Party 2:
Signature: /s/ Chan Foo Weng
Date: 1st September 2013
