Oral Loan Agreement Between Greenpro, Inc. and Lertwattanarak Thanawat

Contract Categories: Business Finance › Loan Agreements
Summary

Greenpro, Inc. received a $650,000 loan from Mr. Lertwattanarak Thanawat under an oral agreement. The loan does not accrue interest and must be repaid by Greenpro, Inc. whenever Mr. Thanawat requests repayment. There are no other specified conditions or time limits in the agreement.

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EX-10.1 2 f10q0115ex10i_greenpro.htm DESCRIPTION OF ORAL LOAN AGREEMENT

Exhibit 10.1

 


DESCRIPTION OF ORAL LOAN AGREEMENT

BETWEEN GREENPRO, INC. AND Lertwattanarak Thanawat

During the period ended January 31, 2015, Greenpro, Inc. (the “Company”) received an aggregate of $650,000 (the “Loan”) from Mr. Lertwattanarak Thanawat (the “Creditor”). Mr. Thanawat has an oral agreement with the Company regarding the terms of the Loan, which bears no interest rate and is payable upon demand of the Creditor.