Exhibit 10.10
REVOLVING LOAN AGREEMENT
FOR FOREX365, INC.
THIS REVOLVING LOAN AGREEMENT (the "Agreement") is made and entered
into as of May 5, 2008, by and among Vero Management, L.L.C., a Delaware limited
liability company (the "Lender") and Forex365, Inc., a Nevada corporation (the
"Borrower").
WHEREAS, on May 5, 2008, the Borrower's Board of Directors approved
certain advances to be made from the Lender to the Borrower to provide the
Borrower with funds for working capital.
NOW, THEREFORE, the parties hereby agree as follows:
1. The Lender agrees to make advances to the Borrower from time to time
at the request of the Borrower. The advances outstanding shall not exceed
$15,000.
2. The Borrower shall repay the outstanding advances from time to time,
in whole or in part. All advances outstanding shall be due and payable in full
on June 30, 2008.
3. The outstanding advances shall bear interest at a rate of 6% per
annum.
4. The parties hereto shall maintain a schedule of advances and
payments hereunder which is attached hereto.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.
FOREX365, INC.
By: /s/ Xxxxx X. Xxxxxxx
-----------------------------------------
Xxxxx X. Xxxxxxx, Chief Executive Officer
VERO MANAGEMENT, L.L.C.
By: /s/ Xxxxx X. Xxxxxxx
-----------------------------------------
Xxxxx X. Xxxxxxx, Manager
Schedule of Advances and Payments
Date Advance Payment Balance Outstanding
---- ------- ------- -------------------
5/5/08 $10,500.00 0 $10,500.00
