Loan Agreement between Tofla Megaline and Rodolfo Guerrero Angulo dated April 20, 2022
This agreement is between Tofla Megaline and Rodolfo Guerrero Angulo, who agrees to loan up to $50,000 to the company if it does not raise enough funds from its offering. The loan is non-interest bearing, secured, and repayable on demand from company revenues. The director may convert the loan into company shares under mutually agreed terms. Any future loans from the director will follow the same terms unless otherwise agreed in writing.
Rodolfo Guerrero Angulo Manzanillo 33.Local E, Mexico, Col. Roma Norte, 06700, Mexico.
+525585262098
***@*** www.tofla.top
Loan Agreement
This Agreement made on April 20, 2022
This Loan Agreement (the “Agreement”) is made between of the first part Tofla Megaline and of the second part Rodolfo Guerrero Angulo (“Director”).
In Respect that:
The Company requires funding about business operations;
Director has agreed to loan $50,000 (the “Loan Amount”) to the Company, on certain terms and conditions contained herein;
Now therefore this agreement witnesses:
In consideration if the Company needs more than Fifty Thousand (50,000) US Dollars from Director, this Agreement become useful.
The parties hereto agree as follows:
Director hereby has agreed to loan the Loan Amount to the Company in the event of not raising enough funds from the offering in accordance to the Form S-1 registration statement of the Company;
Director hereby agrees to loan the Loan Amount to the Company on demand of the Company;
The Company will conduct accordingly to the sequence of loans;
Director will be repaid from revenues of the Company, when it starts to earn significant revenues;
Any amount of Director’s loan can be converted into shares of Common Stock and repaid under certain terms agreed upon by the two parties;
Advanced Loan funds are non-interest bearing, secured and payable upon demand;
Any additional funds that Director loans to the Company after this Agreement are subject to the same terms as this Agreement, unless otherwise agreed in writing.
In witness, whereof:
The parties hereto have agreed to the terms above, and the Agreement becomes affective in the day and year first above written.
CERTIFIED TO BE THE LOAN AGREEMENT OF:
Tofla Megaline By: 04/20/2022
____________________________
Rodolfo Guerrero Angulo, Director