INFORMAL AGREEMENT WITH COMPANY PRESIDENTLoan Agreement • May 5th, 2011 • Verde Resources, Inc. • Gold and silver ores
Stephen Spalding, a director and the sole officer of the company, has been loaning funds to the Company. Mr. Spalding and Michael Stiege, a director, have verbally agreed that in the event that the Company raises only a portion of the Offering amount, to loan the Company sufficient funds to assist in start-up operations.
