Verbal Loan Agreement between Jose Galarza and Kalmin Corp. (July 20, 2016)
Jose Galarza, acting as president and treasurer, agrees to loan Kalmin Corp. up to $25,000 to support the company's Form S-1 registration process. The loan is unsecured, interest-free, and has no set repayment date or additional terms. Any need for funds above $25,000 must be documented in a separate written agreement. This agreement is verbal and was made on July 20, 2016.
VERBAL AGREEMENT
Dated July 20, 2016
This Verbal Agreement (“Agreement”) is made between Jose Galarza, president and treasurer of Kalmin Corp. (“President”) and Kalmin Corp. (“Company”).
This Agreement is witness therefore that President has agreed to loan the Company needed funds, in the amount not more than $25,000 US (“Loan”), which is necessary for the Form S-1 registration process of the Company.
In case if the Company needs more then the Loan, it has to be certified by written agreement.
The Loan is unsecured and does not bear any interest. The Loan does not have the repayment date and other provisions.
/s/ Jose Galarza
Jose Galarza
