Loan Agreement between Lai Chai Suang and Mon Space Net Inc. dated June 15, 2016

Contract Categories: Business Finance Loan Agreements
Summary

This agreement is between Lai Chai Suang (the lender) and Mon Space Net Inc. (the borrower), dated June 15, 2016. The lender is providing a loan of $201,476 to the borrower for operating expenses. The loan does not accrue interest and has no set repayment schedule; repayment is due upon demand by the lender. Both parties have agreed to these terms as outlined in the agreement.

EX-10.1 2 v448635_ex10-1.htm EXHIBIT 10.1

 

Exhibit 10.1

 

LOAN AGREEMENT

 

 

This Agreement dated June 15, 2016 between LAI CHAI SUANG (hereinafter the “Lender”) and MON SPACE NET INC (hereinafter the “Borrower”).

 

 

Terms of the loan as follows:-

 

1. Loan amount: $201,476.00
     
2. Purpose of Loan:      Operating Expenses
     
3. Repayment: No repayment terms or instalment. On demand.
     
4.   Interest on Loan: No interest charged.

 

All parties hereby understood and agree to the Terms of Loan as stated above:-

 

 

For Lender   For Borrower  
       
       
/s/ Lai Chai Suang   /s/ Low Koon Poh  
       
LAI CHAI SUANG   Director of MON SPACE NET INC