Loan Agreement
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This Agreement made on August 31, 2018
This Loan Agreement (the “Agreement”) is made between of the first part Tofla Megaline and of the second part ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (“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 the repayments of all amount of Director’s loan accordingly to the sequence of loans;
Director will be repaid from revenues of the Company, when it starts to earn significant revenues; 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:
TOFLA MEGALINE
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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: 08/31/2018
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TOFLA MEGALINE
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