Verbal Loan Agreement between Aleksey Gagauz and Terafox Corp.

Contract Categories: Business Finance › Loan Agreements
Summary

Aleksey Gagauz, the sole officer and director of Terafox Corp., has verbally agreed to provide unsecured, interest-free loans to the company as needed over the next twelve months. The funds will be used to complete the company's SEC registration and support its business operations. The loan has no set repayment date or specific terms beyond its purpose and duration.

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EX-10.1 5 ex10-1.txt VERBAL AGREEMENT Exhibit 10.1 VERBAL AGREEMENT ALEKSEY GAGAUZ WITH TERAFOX CORP. ALEKSEY GAGAUZ, the sole officer and director of TERAFOX CORP. (the "Company")has verbally agreed to loan the Company funds necessary to complete the registration process on Form S-1 and lend funds to implement the Company's business plan and to help maintain a reporting status with the SEC in the form of a non-secured loan for the next twelve months. The loan is unsecured and does not bear interest nor have a maturity date or a repayment provision or other terms and conditions. /s/ ALEKSEY GAGAUZ ------------------------------ ALEKSEY GAGAUZ