Loan Agreement Between Yehor Rodin and Global-Smart.Tech Dated May 30, 2022
This agreement is between Yehor Rodin (the lender) and Global-Smart.Tech (the company). Yehor Rodin agrees to loan up to $100,000 to the company if it does not raise enough funds through its public offering. The loan is non-interest bearing, secured, and repayable from the company's future revenues when it starts earning significantly. Any additional loans from the lender will follow the same terms unless otherwise agreed in writing. The agreement is effective as of May 30, 2022.
G S T
G L O B A L - S M A R T . T E CH
S I N C E 2 0 2 2
85320, Tivat, Montenegro
+12052165924
office@global-smart.tech
Loan Agreement Between
Yehor Rodin(Lender) and
Global-Smart.Tech (Company)
This Agreement made on May 30, 2022
This Loan Agreement (the “Agreement”) is made between the first part Global-Smart.Tech, located at Kava b.b. 85320, Tivat, Montenegro (the “Company”), and the second part, Yehor Rodin Kava b.b. 85320, Tivat, Montenegro (“Lender”). In respect that:
| · | The Company requires funding in connection with business operations; |
· Lender has agreed to loan $100,000 (the “Loan Amount”) to the Company, on certain terms and conditions contained herein; Now therefore these agreement witnesses:
In consideration, if the Company needs more than THIRTY THOUSAND (30,000) US DOLLARS from Lender, this Agreement becomes useful. The parties hereto agree as follows:
· Lender hereby has agreed to loan the Loan Amount to the Company in the event of not raising enough funds from the offering in accordance with the Form S-1 registration statement of the Company;
| · | Lender hereby agrees to loan the Loan Amount to the Company on demand of the Company; |
| · | Lender will be repaid from revenues of the Company when it starts earning significant revenues; |
| · | Advanced Loan funds are non-interest bearing, secured and payable upon demand; |
· Any additional funds that Lender loans to the Company after this Agreement are subject to the same terms as this Agreement unless otherwise agreed in writing.
In witness, whereof:
The parties hereto have agreed to the terms above, and the Agreement becomes effective in the day and year first above written.
Signature of Yehor Rodin (Lender) 
Signature of Global-Smart.Tech (Company)
