Verbal Loan Agreement Between Giorgos Kallides and Betafox Corp.

Contract Categories: Business Finance Loan Agreements
Summary

Giorgos Kallides, the sole officer and director of Betafox Corp., has verbally agreed to provide the company with unsecured, interest-free loans as needed over the next twelve months. These funds are intended to help Betafox Corp. complete its SEC registration, implement its business plan, and maintain its reporting status. The loan has no set maturity date, repayment terms, or other conditions.

EX-10.1 4 ex10-1.txt VERBAL AGREEMENT Exhibit 10.1 REVISED DESCRIPTION OF GIORGOS KALLIDES VERBAL AGREEMENT WITH BETAFOX CORP. GIORGOS KALLIDES, the sole officer and director of BETAFOX 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/ Giorgos Kallides ------------------------------ Giorgos Kallides