Loan Agreement between Michal Wisniewski and Transuite.Org Inc. dated June 15, 2018
This agreement is between Michal Wisniewski (the lender) and Transuite.Org Inc. (the borrower), effective June 15, 2018. The lender agrees to provide a loan of $50,000 to the borrower, to be paid in installments over a five-year term. The loan carries no interest. Both parties have signed to confirm their agreement to these terms.
VERBAL LOAN AGREEMENT
This Verbal Loan Agreement is entered into on June 15, 2018 (the “Effective Date”), by and between Michal Wisniewski (the “Lender”) and Transuite.Org Inc. (the “Borrower”), collectively “the Parties.”
TERMS OF REPAYMENT
1 Loan Amount
The Lender agrees to lend a total of $50, 000 payable in applicable installments over the Term (“The Loan”).
2 Interest Rate
Both Parties agree upon an interest rate of 0%.
3 Term
The Loan Term is 5 years.
“LENDER”
By: /s/ Michal Wisniewski
Date: June 15, 2018
“BORROWER”
By: /s/ Michal Wisniewski
Date: June 15, 2018
