Loan Agreement between Morolling International (HK) Limited and Moxian Malaysia Sdn Bhd
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Summary
Morolling International (HK) Limited agrees to lend RM 69,300 to Moxian Malaysia Sdn Bhd for 12 months. The loan will be transferred within three days of signing, and Moxian Malaysia Sdn Bhd must repay the full amount at the end of the term without interest. The agreement is governed by Hong Kong SAR law and is executed in duplicate, with each party keeping a copy.
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
