Loan Agreement
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EX-10.3 3 f10k2013ex10iii_moxiangroup.htm LOAN AGREEMENT f10k2013ex10iii_moxiangroup.htm
Exhibit 10.3
Loan Agreement
Party 1: Morolling International (HK) Limited
Party 2: Moxian Malaysia Sdn Bhd
Both parties agree that Party 1 investment will be governed according to the terms as follows:
1) | Party 1 shall make a loan of RM 69,300 to Party 2 for a period of 12 months. Party 1 shall transfer the loan to the designated account of Party 2 within three days from date of execution of this Agreement. |
2) | Party 1 shall repay the total loan amount on the due date without interest. |
3) | This Agreement shall be governed by the laws of Hong Kong SAR. |
4) | This Agreement shall be executed in two copies, with each copy to be kept by both parties. |
Party 1:
Signature: /s/ Ng Kian Yong
Date: 1st September 2013
Party 2:
Signature: /s/ Chan Foo Weng
Date: 1st September 2013