Loan Agreement and Promissory Note between Tradex Capital Corp. and Cell MedX Corp. dated September 13, 2018
Tradex Capital Corp. loaned CAD$31,200 to Cell MedX Corp. on September 13, 2018. Cell MedX Corp. agrees to repay the full amount on demand, with interest at 6% per year, compounded monthly. The agreement includes a promissory note as evidence of the debt. Cell MedX Corp. is responsible for any collection costs if it fails to repay. The loan can be repaid in full or in part at any time. Both parties have signed the agreement, and the terms are effective from the date of the loan.
LOAN AGREEMENT
September 13, 2018
Tradex Capital Corp., (the “Lender”) of 1177 W. Hastings Street, Suite 1920, Vancouver, BC V6E 2K3, advanced CAD$31,200 (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 September 13, 2018.
The Borrower agrees to repay the Principal Sum on demand, together with interest calculated and compounded monthly at the rate of 6% per year (the “Interest”) from September 13, 2018. The Borrower is liable for repayment of the Principal Sum and accrued Interest and any costs that the Lender incurs in trying to collect the Principal Sum and the Interest.
The Borrower will evidence the debt and its repayment of the Principal Sum and the Interest with a promissory note in the attached form.
| LENDER |
| BORROWER |
| Tradex Capital Corp. |
| Cell MedX Corp. |
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| Per: |
| Per: |
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| /s/ William Friesen |
| /s/ Yanika Silina |
| Authorized Signatory |
| Yanika Silina, CFO |
PROMISSORY NOTE
| Principal Amount: CAD$31,200 | September 13, 2018 |
FOR VALUE RECEIVED Cell MedX Corp., (the “Borrower”) promises to pay on demand to the order of Tradex Capital Corp. (the “Lender”) the sum of $31,200 lawful money of Canada (the “Principal Sum”) together with interest on the Principal Sum from September 13, 2018 (“Effective Date”) both before and after maturity, default and judgment at the Interest Rate as defined below.
For the purposes of this promissory note, Interest Rate means 6 per cent per year. Interest at the Interest Rate must be calculated and compounded monthly not in advance from and including the Effective Date (for an effective rate of 6.2% per annum calculated monthly), and is payable together with the Principal Sum when the Principal Sum is repaid.
The Borrower may repay the Principal Sum and the Interest in whole or in part at any time.
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
