Exhibit 10.3
LOAN AGREEMENT
THIS AGREEMENT made the 5th day of July 2013.
BETWEEN:
XXXXXXX XXXXXXXX, of, 00/0 Xxxxxxx, Xxxx, 00000, Xxxxxx ("Evgenia")
OF THE FIRST PART
AND:
MERECOT CORP, a company incorporated pursuant to the laws of Nevada
with an address at 000 Xxxxxxxxx Xxx Xxxxx 0-0000, Xxxxxx Xxxxxxx, XX
00000 ("Merecot")
OF THE SECOND PART
WHEREAS:
A. Merecot requires funding in connection with its business operations;
B. Evgenia has agreed to loan US $5,000.00 (the "Loan") to Merecot, on certain
terms and conditions contained herein;
NOW THEREFORE THIS AGREEMENT WITNESSETH that for and in consideration of
the sum of TEN DOLLARS ($10.00), and other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto
agree as follows:
1. Evgenia hereby agrees to loan US $5,000.00 (the "Loan") to Merecot
concurrent with the execution of this Agreement;
2. Loan funds advanced shall be non-interest bearing, secured and payable
upon demand.
3. Any additional funds that Evgenia loans to Merecot subsequent to this
Agreement shall be subject to the same terms as this Agreement, unless
otherwise agreed in writing.
IN WITNESS WHEREOF the parties hereto have hereunto affixed their respective
hands, both as of the day and year first above written.
MERECOT CORP
/s/ Xxxxxxx Xxxxxxxx PER: /s/ Xxxxxxx Xxxxxxxx
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XXXXXXX XXXXXXXX Authorized Signatory