Unsecured Loan Agreement between Jean-Paul Chavanaz and Jasmin Corp. (February 29, 2016)
Jean-Paul Chavanaz, acting as president and treasurer, agrees to loan Jasmin Corp. up to $60,000 to help the company pay its bills and obligations. The loan is unsecured, carries no interest, and does not have a set repayment date or other conditions. If the company needs more than $60,000, a separate written agreement is required.
Jasmin Corp.
Verbal agreement
Dated February 29, 2016
This Verbal Agreement (“Agreement”) is made between Jean-Paul Chavanaz, president and treasurer of Jasmin Corp. (“President”) and Jasmin Corp. (“Company”).
This Agreement is witness therefore that President has agreed to loan the Company needed funds, in the amount of $60,000 US (“Loan”), which might be necessary for the Company for paying its obligations and bills.
In case if the Company needs more then the Loan, it has to be certified by written agreement.
The Loan is unsecured and does not bear any interest. The Loan does not have the repayment date and other provisions.
/s/ Jean-Paul Chavanaz____________________
President of Jasmin Corp.
