Blueprint





 











Exhibit 10.1



 



INTERCOMPANY



LOAN AGREEMENT


 


 



This loan agreement (the “Agreement”)
is dated January 1, 2016 and is made by and between
NaturalShrimp
Holdings, Inc., a Delaware
corporation, as lender (the “Lender”),
represented by its sole director and President Gerald Easterling;
and NaturalShrimp
Incorporated, a Nevada
company, as borrower (the “Borrower”),
represented by its Chief Executive Officer Bill G. Williams
who make this Agreement on the
following terms:


 


	


1.

	
 

	


Subject of the Agreement


	
 

	
 


	

1.1

	
 

	

The
Lender agrees to make loans (individually an “Advance” and
collectively the “Loan”) to the Borrower. This
particular Advance and the amount of the Loan outstanding shall be
denominated in US Dollars and the maximum amount of the Loan
advanced shall not exceed $300,000 (One-Hundred-Fifty-Thousand
Dollars and No Cents) US Dollars (“Maximum Loan
Amount”).


	
 

	
 


	

1.2

	
 

	

The
loan outstanding is due on demand.


	
 

	
 


	


2.

	
 

	


Loan Drawdown


	
 

	
 


	

2.1

	
 

	

The
Borrower may receive the Loan in one or more Advances upon delivery
of an Advance Request or in multiple denominations ordered by the
Lender.


	
 

	
 


	


3.

	
 

	


Interest


	
 

	
 


	

3.1

	
 

	

The
Borrower shall pay 2% interest per annum on any Advance from the
Lender.


 


	


4.

	
 

	


Representations and Warranties of the Borrower


	
 


	

The
Borrower represents and warrants to the Lender that:


	
 

	
 


	

4.1

	
 

	

The
Borrower (i) is a corporation duly organized and validly
existing under the laws of the state of Nevada, and (ii) has
the corporate power and authority to execute, deliver and perform
its obligations under this Agreement.


	
 

	
 


	

4.2

	
 

	

The
transactions contemplated by this Agreement (i) have been duly
authorized by all requisite corporate and, if required, shareholder
action and (ii) will not violate (a) any material
provision of any law, rule or regulation, or the articles of
incorporation of the Borrower, or (b) any order of any
governmental authority.


	
 

	
 


	

4.3

	
 

	

This
Agreement has been duly executed and delivered by the Borrower and
constitutes the legal, valid, and binding obligation of the
Borrower, enforceable against it in accordance with its
terms.


	
 

	
 


	

4.4

	
 

	

No
action, consent or approval of, or registration or filing with or
any other action by any governmental authority is or will be
required in connection with this Agreement.


	
 

	
 


	


5.

	
 

	


Miscellaneous


	
 

	
 


	

5.1

	
 

	

This
Agreement may be extended by mutual consent of the Parties,
provided that any amendment complies with all applicable legal
requirements. The rights and obligations under this Agreement
cannot be transferred or assigned by either Party. The Lender
consents to the assumption of this Agreement and the
Borrower’s rights and obligations hereunder by any person
that becomes the legal successor of the Borrower by operation of
law. No person other than the Lender and the Borrower shall have
any rights under or by virtue of this Agreement.


	
 

	
 


	

5.2

	
 

	

Any
amendments hereto shall be executed in writing and signed by both
Parties.


	
 

	
 






 



 







 





 

 


	

5.3

	
 

	

This
Agreement may be executed in any number of counterparts, and this
has the same effect as if the signatures on the counterparts were
on a single copy of the Agreement.


	
 

	
 


	

5.4

	
 

	

There
is no express or implied intention for this Agreement to benefit
any third party, and nothing contained in this Agreement is
intended, nor shall anything herein be construed, to confer any
rights, legal or equitable, in any person other than the
Borrower.


	
 

	
 


	

5.5

	
 

	

A
person who is not a party to this Agreement has no right under the
Contracts (Rights of Third Parties) Act 1999 to enforce or to enjoy
the benefit of any of its terms. The consent of any person who is
not a party to this Agreement is not required to rescind or vary
this Agreement at any time.







 


 


 


	

Signatures of the Parties:

	

 

	

 

	
 

	

 


	
 

	

 

	

 

	
 

	

 


	
 

	

 

	

 

	
 

	

 







	
Lender:
NaturalShrimp Holdings,
Inc.

	

 

	

 

	
Borrower:
NaturalShrimp
Incorporated

 

	

 


	
 

	

 

	

 

	
 

	

 


	
By: /s/ Gerald
Easterling


	

 

	

 

	
By: /s/ Bill G.
Williams

	

 







	
 

	

 

	

 

	
 

	

 


	
Mr. Gerald
Easterling

	

 

	

 

	
Mr. Bill G.
Williams

	

 


	
Title: Director and
President

	

 

	

 

	
Title:
CEO

	

 







	Date: January 1,
2016	

 

	

 

	
Date: January 1,
2016

	

 


	
 

	

 

	

 

	
 

 

	

 


	
 

	

 

	

 

	
By: /s/ Bill Delgado

	

 







	
 

	

 

	

 

	
 

	

 


	
 

	

 

	

 

	
Mr. Bill Delgado

	

 


	
 

	

 

	

 

	
Title: Director

	

 


	
 

	

 

	

 

	Date: January 1,
2016