Verbal Loan Agreement Between Dr. Myers and Unseen Solar, Inc.
Contract Categories:
Business Finance
›
Loan Agreements
Summary
Dr. Myers, the president, sole director, and majority shareholder of Unseen Solar, Inc., has verbally agreed to loan the company funds needed to complete its current registration process. The loan will be for two years and will not accrue interest. Dr. Myers retains the right to end the company's obligation to repay by withdrawing the registration statement at any time.
EX-10.3 6 ex10-3.txt VERBAL AGREEMENT TO LOAN MONEY Exhibit 10.3 VERBAL LOAN AGREEMENT Dr. Myers, the president of Unseen Solar, Inc. (the "Company") has made a verbal agreement to loan the Company the necessary funds to complete the current registration process. The loans will be for a period of two years at no interest. It should be noted that as President, sole director and majority shareholder, Dr. Myers may extinguish further obligations by withdrawing the registration statement at any time.
