LOAN AGREEMENT
Exhibit 10.5
This Loan Agreement (“Agreement”) is entered into as of March 12, 2025, by and between:
▇▇▇▇▇▇: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, the sole director of Seebeks Corp., an individual residing at the Company’s business address: Avda. Diagonal, ▇▇▇ ▇▇▇▇▇▇ ▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ (“Lender”),
and
BORROWER: Seebeks Corp., a Wyoming profit corporation, with its principal office located at Avda. Diagonal, ▇▇▇ ▇▇▇▇▇▇ ▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ (“Borrower”).
Collectively referred to as the “Parties.”
| I. | LOAN PURPOSE |
The Lender agrees to provide loans to the Borrower, from time to time, solely for the purpose of funding the business activities and implementation of the business plan described in the document titled “Form S-1. Registration Statement”, filed or to be filed with the U.S. Securities and Exchange Commission.
| II. | LOAN AMOUNT |
There is no pre-set maximum loan amount under this Agreement. The Lender agrees to loan funds to the Borrower as needed, based on the financial requirements to implement the stated business plan. Each disbursement shall be evidenced by a written notice or acknowledgment between the Parties.
| III. | INTEREST |
This is a non-interest-bearing loan. The Borrower agrees to repay the Lender only the exact amounts received as principal, with no additional interest, fees, or charges.
| IV. | REPAYMENT TERMS |
The Borrower shall repay the loaned amounts as its financial situation reasonably permits, but no later than five (5) years from the date of each disbursement, unless otherwise agreed in writing by the Parties.
| V. | NO SECURITY |
This is an unsecured loan. The Lender shall not hold any lien, pledge, or security interest in the assets of the Borrower.
| VI. | GOVERNING LAW |
This Agreement shall be governed by and construed in accordance with the laws of the State of Wyoming, United States of America.
| VII. | ENTIRE AGREEMENT |
This Agreement represents the entire understanding between the Parties with respect to the subject matter hereof and supersedes all prior negotiations, agreements, or understandings, whether oral or written.
| VIII. | AMENDMENT |
This Agreement may be amended only by a written document signed by both Parties.
| IX. | COUNTERPARTS |
This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.
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IN WITNESS WHEREOF, the Parties hereto have executed this Loan Agreement as of the date first written above.
SEEBEKS CORP. (BORROWER)
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LENDER | ||
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Signature: |
/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ |
Signature: |
/s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ |
| Name: | ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, | Name: | ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, |
| Director | Individual | ||
| Date: | March 12, 2025 | Date: | March 12, 2025 |
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