Loan Agreement between Well Thrive Limited and Aerkomm Taiwan Inc.
Well Thrive Limited is lending NT$80,000,000 (about US$2,640,000) to Aerkomm Taiwan Inc. as working capital. The loan will be transferred within seven days of signing, carries a 5% annual interest rate, and must be repaid in full by December 31, 2021. If Aerkomm repays the loan within one month, no interest will be charged. If the loan is not repaid as agreed, Well Thrive Limited may take legal action.
Exhibit 10.1(a)
LOAN AGREEMENT
Lender: Well Thrive Limited (hereafter “Party A”)
Borrower: Aerkomm Taiwan Inc. (hereafter “Party B”)
For the purpose of providing a working capital loan to Party B, both parties agreed to enter into this agreement (“Loan Agreement”) with the following terms:
| 1. | Party B wishes to borrow NT$80,000,000 (approximately U.S. $2,640,000) and Party A agrees to lend such amount according to the terms and conditions of this agreement. |
| 2. | Party A will wire transfer the above loan amount in one transaction to Party B within seven (7) days after the signing of this agreement. |
| 3. | The Loan Agreement shall remain effective until December 31, 2021. Party B shall repay the full loan amount upon or prior to the expiration of the Loan Agreement. |
| 4. | The interest rate for the Loan Agreement shall be 5% per annum. However, if Party B repays the full loan amount within one month, the interest shall be waived. |
| 5. | Party A shall pursue legal action if Party B does not repay the loan amount according to the terms of this agreement. |
| 6. | This Loan Agreement is executed in two copies, one of which shall be held by each party respectively. |
| Party A: Well Thrive Limited | /s/ Corporate Seal | |
| Legal Representative: Sheng-Chun Chang | /s/ Personal Seal |
Tax ID: Taiwan 54173268
Address: No. 77, Heng Yang Road, Chung Cheng District, Taipei City, Taiwan
| Party B: Aerkomm Taiwan Inc. | /s/ Corporate Seal | |
| Legal Representative: Chih-Ming Hsu | /s/ Personal Seal |
Tax ID: Taiwan 50782227
Address: No. 13, Lane 120, Section 1, Neihu Road, Neihu District, Taipei City, Taiwan
