LOAN AGREEMENT July 3, 2018
LOAN AGREEMENT
July 3, 2018
Richard N. Jeffs (the “Lender”) of 11750 Fairtide Road, Ladysmith, BC V9G 1K5, advanced CDN$10,000 (the “Principal Sum”) to Cell MedX Corp. (the “Borrower”) of 123 W. Nye Ln, Suite 446, Carson City, NV 89706. The Lender advanced the funds on July 3, 2018.
The Borrower understands that the Principal Sum has been advanced at no interest and is a short term loan, payable within 14 days. Should the Borrower fail to pay the Principal Sum within the time allotted, the Lender will retain the right to call the loan at any time after the first 14 days.
The Borrower is liable for repayment of the Principal Sum, and any additional costs that the Lender incurs in trying to collect the Principal Sum.
The Borrower will evidence the debt and its repayment of the Principal Sum with a promissory note in the attached form.
| LENDER |
| BORROWER |
| Richard N. Jeffs |
| Cell MedX Corp. |
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| Per: |
| Per: |
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| /s/ Richard N. Jeffs |
| /s/ Yanika Silina |
| Richard N. Jeffs |
| Yanika Silina, CFO |
PROMISSORY NOTE
| Principal Amount: CDN$10,000 | July 3, 2018 |
FOR VALUE RECEIVED Cell MedX Corp., (the “Borrower”) promises to pay on demand to the order of Richard N. Jeffs (the “Lender”) the sum of $10,000 lawful money of Canada (the “Principal Sum”) on or before July 17, 2018.
Should the Borrower fail to pay the Principal Sum within the time allotted, the Lender retains the right to call the Principal Sum advanced at any time after the first 14 days.
The Borrower waives presentment, protest, notice of protest and notice of dishonour of this promissory note.
BORROWER
Cell MedX Corp.
Per:
/s/ Yanika Silina
Yanika Silina, CFO
