Loan Agreement between Illumitry Corp. and Arusyak Sukiasyan dated October 17, 2014

Summary

Illumitry Corp. and Arusyak Sukiasyan have entered into an agreement where Arusyak will loan $30,000 to Illumitry Corp. to support its business operations. The loan is non-interest bearing, secured, and repayable upon demand, with additional loans subject to the same terms unless otherwise agreed. Arusyak also agrees to provide further funding if needed for the company’s registration and business plan. Repayment will begin once the company earns significant revenue. The agreement is effective as of October 17, 2014.

EX-10.1 4 ex10-1.htm LOAN AGREEMENT ex10-1.htm

Exhibit 10.1

Loan Agreement

THIS AGREEMENT made on October 17, 2014

BETWEEN:

Illumitry Corp., Ayasa 53, Yerevan

Armenia, 0015 (“Corporation”)

OF THE FIRST PART

AND:

Arusyak Sukiasyan, Ayasa 53, Yerevan

Armenia, 0015 (“Arusyak”)

OF THE SECOND PART

WHEREAS:

1)	Corporation requires funding in connection with business operations;

2)	Arusyak has agreed to loan US$30,000 (the “Loan”) to Corporation, on certain terms and conditions contained herein;

NOW THEREFORE THIS AGREEMENT WITNESSETH that for and in consideration of the sum TEN DOLLARS ($10.00), and other goods and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

a.	Arusyak hereby agrees to loan US$30,000 (the “Loan”) to Corporation concurrent with the execution of the Agreement;

b.	Loan funds advanced shell be non-interest bearing, secured and payable upon demand.

c.	Any additional funds that Arusyak loans to Corporation subsequent to this Agreement shell be subject to the same terms as this Agreement, unless otherwise agreed in writing.

In accordance to the registration statement of Corporation, if the proceeds from the offering shares will not be sufficient, Arusyak will loan to Corporation needed funds to complete the registration process, implement business plan, and maintain reporting status and quotation on the OTC Electronic Bulletin Board.

e.	Loan will be available for Corporation until Corporation will start to earn significant revenues, sufficient for ongoing operations and for payment of all expenses.

f.	The repayment of Arusyak’s loan to Corporation will start when Corporation will earn significant revenues. The repayment will be made in accordance to loaned amount of funds by Arusyak to Corporation for the time period from inception till last loan.

IN WITNESS WHEREOF the parties hereto have hereunto affixed their respective hands, both as of the day and year first above written.

Arusyak Sukiasyan / Illumitry Corp.

Authorized Signature

Date: October 17, 2014