Future Loan Agreement between Reinis Kosins and CRUCIAL INNOVATIONS, Corp.
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Summary
This agreement is between Reinis Kosins (the Lender) and CRUCIAL INNOVATIONS, Corp. (the Company). The Lender agrees to provide up to $20,000 in loans to the Company over two years to help cover business expenses and develop its business plan. The loans are non-interest bearing and must be repaid upon demand after two years or when the Company is financially able. The Lender may choose to lend more than $20,000 but is not obligated to do so.
EX-10.1 5 ex10-1.htm
Exhibit 10.1
FUTURE LOAN(S) AGREEMENT
THE PARTIES TO THIS AGREEMENT ARE:
The Lender: Reinis Kosins
The Company: CRUCIAL INNOVATIONS, Corp.
Whereas the Lender agrees to lend funds to the Company when needed to help pay for its business expenses as outlined in its “Plan of Operations” in the SEC Form S-1 filing.
The Parties agree to the following:
1. The duration of this agreement is two years from the date of its execution.
2. The Company will use the funds on business expenses and to develop its business plan.
3. The Lender will lend up to $20,000. The Lender may lend additional amount after the initial $20,000 loan, but he is not required to do so.
4. The loan(s) are non-interest bearing and payable upon demand after the two years period or when the Company’s financial position allows for repayment.
Date: March 02, 2018
| Lender | |
| /s/ Reinis Kosins | |
| Company signatory – President |
