Short Term Loan Agreement between Vapir Enterprise Inc and Hamid Emarlou
This agreement is between Vapir Enterprise Inc (the Borrower) and Hamid Emarlou (the Lender). Under the contract, the Lender will provide funds to the Borrower as needed for working capital. The loan carries a 5% annual interest rate and must be repaid to the Lender upon demand. Both parties have agreed to these terms and signed the agreement on January 1, 2014.
Exhibit 10.4
Short Term Loan Contract
This Loan Agreement (the “Agreement”) is an agreement between Vapir Enterprise Inc henceforth known as “Borrower,” and Hamid Emarlou henceforth known as “Lender.”
Borrower wishes to borrow $ as needed, known as “Loan,” from Lender. Loan will be furnished to Borrower on demand. This loan will be used for working capital purposes.
Conditions for this Short Term Loan are as follows:
• This Loan bears interest at 5% per annum.
• This Loan is payable to the lender on demand.
Borrower and Lender agree to the conditions above, and sign to that effect on the first day of Jan, 2014.
| /s/ HAMID EMARLOU | |
| CEO & President | |
| Borrower Signature | |
| /s/ HAMID EMARLOU | |
| Lender Signature |
