Verbal Loan Agreement between Calor Del Sol Inc. and Alejandro Hernandez
Calor Del Sol Inc. and its sole officer and director, Alejandro Hernandez, have a verbal agreement in which Mr. Hernandez will loan the company up to $90,000 if needed. The loan is unsecured and does not accrue interest. The purpose of the loan is to help the company complete its registration process if it runs out of cash before the registration statement becomes effective. There are no written terms, and the agreement is based on trust between the parties.
EXHIBIT 10.1
Verbal Loan Agreement – Calor Del Sol Inc. and Alejandro Hernandez
As per Item 601(b)(10) of Regulation S-K; Where a registrant is party to an oral contract that would be required to be filed as an exhibit pursuant to Item 601(b)(10) if it were written, the registrant should provide a written description of the contract similar to that required for oral contracts or arrangements pursuant to Item 601(b)(10)(iii).
Calor Del Sol Inc. and Alejandro Hernandez entered into a verbal agreement whereby Mr. Hernandez, the Company’s sole officer and director, has verbally agreed to loan the company funds up to $90,000, unsecured and non-interest bearing, to complete the registration process in the event that the Company depletes its current cash reserves prior to effectiveness of this registration statement.
