Loan Agreement between Hin Kwok Sheung and Globalink Xuzhou dated January 16, 2016
On January 16, 2016, Hin Kwok Sheung, CEO and director of Globalink, Ltd., loaned $232,530 to Globalink Xuzhou, a wholly owned subsidiary, to cover expenses for developing a ginkgo plantation in China. The loan is non-interest bearing, unsecured, and does not have a set repayment schedule.
Exhibit 10.9
Terms of Loan made by Hin Kwok Sheung to the Registrant on January 16, 2016
On January 16, 2016, Hin Kwok Sheung, the chief executive officer, president and a director of Globalink, Ltd., made a loan to Globalink Xuzhou, the registrant’s wholly owned subsidiary, in the amount of $232,530 (RMB1,500,000) which was used to pay expenses incurred in connection with the development of the registrant’s ginkgo plantation in China. The loan is non-interest bearing, non-secured, and has no fixed terms of repayment.
