Loan Agreement between Penflow Technology (Asia) Limited and Home Touch Limited (Shelley Street Project)

Contract Categories: Business Finance › Loan Agreements
Summary

Penflow Technology (Asia) Limited is lending HKD 3,000,000 to Home Touch Limited for the Shelley Street project. The loan carries an interest amount of HKD 100,000 and is set for a two-year term, from February 1, 2008, to January 31, 2010. No collateral is required for this loan. Both parties are companies incorporated in Hong Kong and have signed the agreement through their authorized representatives.

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EX-10.13 2 hometouch_ex1013.htm PENFLOW TECHNOLOGY LOAN AGREEMENT hometouch_ex1013.htm
Exhibit 10.13
 
 

 
Loan Agreement made in 31st January 2008
 
Lender:
Penflow Technology (Asia) Limited, a company duly incorporated under the laws of Hong Kong (SAR) and having its registered office at 101, Stanhope House, 734 King's Road, Hong Kong (hereinafter "Penflow")
 
Borrower: 
Home Touch Limited, a company duly incorporated under the laws of Hong Kong (SAR) and having its registered office at 101, Stanhope House, 734 King's Road, Hong Kong (hereinafter "HT")
 
Regarding the loan for Shelley Street project, Penflow agreed to borrow H1(1)3,000,000 to HT by following terms:
 
1.
Total Amount:         HKD3,000,000
2. 
Interest Amount:     HKD 100,000
3. 
Loan Period:             From 1" Feb 2008 to 31' Jan 2010
4.
Collateral:                  No need
 
 
IN WITNESS WHEREOF the parties hereto have caused this Agreement to be executed by their authorized representatives on the day and year first above written.

For and on behalf of
For and on behalf of
Penflow Technology (Asia) Limited
Home Touch Limited
By: Stella Yau
 
/s/ Stella Yau                            
By: David Ng
 
/s/ David Ng