INFORMAL AGREEMENT WITH COMPANY PRESIDENTLoan Agreement • June 6th, 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 to advance sufficient funds to the Company, on an as-needed basis, to assist in start-up operations, including expenses associated with the Company’s registration statement on Form S1 and the Prospectus contained therein, and to continue operations if sufficient funds are not raised under that Offering.
