Summary of Oral Loan Agreement Between Golden Dragon Enterprises Inc. and Yuan Kun Deng
Contract Categories:
Business Finance
›
Loan Agreements
Summary
Golden Dragon Enterprises Inc. has an oral agreement with its sole officer, director, and shareholder, Yuan Kun Deng. Under this agreement, Deng will provide funds to the company as needed until its public offering is completed or fails. The company will not pay interest on these advances and is only required to repay Deng when it has enough funds available.
EX-10.2 4 exh102.htm SUMMARY OF AGREEMENT WITH YUAN KUN DENG. exh102.htm
Exhibit 10.2
SUMMARY OF ORAL AGREEMENT WITH YUAN KUN DENG
Golden Dragon Enterprises Inc. (the “Company”) has an oral agreement with its sole officer, director, and shareholder, Yuan Kun Deng (“Deng”) whereby Deng will advance funds as need until the public offering is completed or fails. The agreement between the Company and Deng is that no interest will be charged on the amounts advanced and the Company only has to repay the amount when it has sufficient funds to do so.
