Loan agreement
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)
