Loan Agreement between Hall Tees and Promotions, LLC and William Lewis (President)

Contract Categories: Business Finance › Loan Agreements
Summary

This agreement, dated September 30, 2007, is between Hall Tees and Promotions, LLC and its President, William Lewis. It covers cash advances made by the President to the company for operating needs. There is no maximum limit on the advances, and funding is at the President's discretion. The advances are to be repaid when the company's cash flow allows, with no set repayment date and no interest charged. Any changes to the agreement require written approval from both parties.

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EX-10.2 5 ex10two.htm LOAN AGREEMENT ex10two.htm
 
 
 

 
Exhibit 10.2

HALL TEES, INC.

ADVANCES AGREEMENT

This agreement dated September 30, 2007, between Hall Tees and Promotions, LLC, (“Halltees”) and William Lewis, (“President”) is for cash advances made by the President to Halltees for operating needs.  There is no set advance maximum and funding of the advances is at the discretion of the President.  The monies are advances and expected to be repaid when cash-flow dictates.  There is no specified date for repayment and no interest accrues.

Any amendments to this agreement must be approved by both parties in writing.


/s/ William Lewis
_______________________________
Hall Tees, Inc.
By William Lewis, President


/s/ William Lewis
_______________________________
William Lewis