Exhibit
10.8


 


Loan
Agreement


 


This
Agreement is made and entered into at Colombo, in the Democratic Socialist Republic of Sri Lanka on this 01st day of
March, 2018.


 


By
and Between


 


MUHUNTHAN
CANAGASOORYAM (Holder of National Identity Card bearing No. 742681688V) of No.25, Barnes Place, Colombo 07 in the said Republic
of Sri Lanka (hereinafter called and referred to as the “Lender” which term or expression as herein used shall where
the context so requires or admits mean and include the said MUHUNTHAN CANAGASOORYAM his heirs, executors and administrators, successors
and assigns) of the One Part


 


and


 


DUO
WORLD, INC. a Company duly incorporated under the Company Laws of the State of Nevada Corporation NRS Chapter 78 bearing registration
No. E0486232014-3 and having its registered office at 170S, Green Valley Parkway, Suite 300, Henderson, Nevada 89012, USA (hereinafter
called and referred to as “Company” which term and expression where the context so requires mean and include the said
DUO WORLD, INC., its successors and assigns) of the Other Part.


 


WHEREAS
the Company is engaged in the business of developing and marketing software for Data Analytics, Customer Life Cycle Management,
Subscriber Billing and Work Flow.


 


AND
WHEREAS he Company requires funds to invest in the final stages of product development and distribution.


 


NOW
THIS AGREEMENT WITNESSETH in consideration of the foregoing and the mutual covenants herein constituting good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged and the parties do hereby agree on the following terms
and conditions.


 


		1.	Principal
                                         Facility Amount



 


The
Company agrees to borrow from the Lender and the Lender agrees to lend to the Company, a total sum of United States Dollars Twenty
Seven Thousand (US$ 27,000 /-) (hereinafter called and referred to as “the Principal Facility”) subject to the terms
and conditions hereinafter stipulated.


 


		2.	Interest
                                         Rate



 


The
rate of interest on the Principal Facility shall be eight percent (8%) per annum.


 


		3.	Repayment



 


		(a)	The
                                         Company shall repay the Principal Facility upon completion of thirty six (36) months
                                         from the date of this Agreement.



		(b)	The
                                         Lender shall have the first right and choice to decide to receive the repayment of the
                                         Principal Facility together with interest, either in cash or issuance of common stock
                                         of Duo World, Inc. at a set conversion price per share (common stock).



		(c)	The
                                         conversion price of a share (common stock) shall be at a discount of twenty percent (20%)
                                         from the PPM price then applicable.



 






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		4.	Representation
                                         and Warranties



 


Each
party to this Agreement represent and warrant to each other party that;


 


		(a)	The
                                         Lender and the Company respectively has the power, authority and capacity to enter into
                                         and its obligations under this Agreement;



		(b)	The
                                         execution, delivery and performance of this Agreement by the Lender and the Company has
                                         been duly and validly authorized;



		(c)	This
                                         Agreement constitutes the legal, valid, binding and enforceable obligation for such party;
                                         and



		(d)	The
                                         execution, delivery and performance of this Agreement by the Company does not violate
                                         its Memorandum and Articles of Association, corporate law, by-laws or other comparable
                                         charter documents or any provision of any laws, regulation, order or decree applicable
                                         to it.



 


		5.	General
                                         Terms and Conditions



 


		(a)	The
                                         Company shall inform the Lender of any material changes that may affect the Lender.



		(b)	The
                                         Lender reserves the right to withdraw the Principal Facility in the event any change
                                         in circumstances including but not limited to material change in controlling ownership/management
                                         of the Company.



		(c)	The
                                         Lender reserves the right to later and/or restructure the various limits detailed above
                                         herein.



		(d)	The
                                         Lender reserves the right to review at his sole discretion, the Principal Facility hereunder
                                         from time to time and discontinue or vary the terms and conditions relating thereto including
                                         but not limited to the rate of interest.



		(e)	Notwithstanding
                                         the term or the period specified for which this Principal Facility was granted, the said
                                         Principal Facility is repayable by the Company at any time on demand of the Lender without
                                         previous notice to the Company.



		(f)	All
                                         expenses, stamp duty, legal and other related charges that may arise in this connection
                                         shall be borne by the Company.



 


		6.	Amendment
                                         and Modification



 


The
Company shall not amend or modify any provisions of this Agreement unless first obtaining the written approval from the Lender.


 


		7.	Waiver



No
breach of any provision of this Agreement shall be deemed waived unless it is waived in writing. No. course of dealing and no
delay on the part of the Lender in exercising any right will operate as a waiver thereof or otherwise prejudice the Lender’s
rights, powers, or remedies under this Agreement. No rights, powers, or remedies conferred by this Agreement upon the Lender will
be exclusive of any other rights, power or remedy now or hereafter available at law, in equity, by statute or otherwise.


 


		8.	Severability
                                         of Provisions



 


If
any provision of this Agreement is held to be void, invalid, unenforceable or illegal, that provision shall be limited or eliminate
to the minimum extent necessary and the other provisions of this Agreement shall continue in full force and effect and enforceable.


 










		9.	Entire
                                         Agreement



 


This
Agreement shall constitute the complete and entire agreement between the Parties and supersede all prior understandings, arrangements,
correspondence, or agreements concerning the subject matter herein contained.


 


		10.	Governing
                                         Law



 


This
Agreement shall be governed and construed in accordance with the laws of Sri Lanka and its courts shall have exclusive jurisdiction
in any matter arising out of or in connection with this Agreement.


 


		11.	Notices



 


Parties
agree that notices sent in respect of this Agreement shall deem to have been received is sent by registered post to the address
given above.


 






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IN
WITNESS WHEREOF the Lender and the authorized representative of the Company has placed their respective hands hereunto and
to another of the same tenor and on the date as hereinbefore mentioned.


 


	Signed
    by:	 	 
	 	 	 
	 	 	For
    and on behalf of the Company 
	Lender	 	Duo
    World, Inc.
	 	 	 
	/s/
    Muhunthan Canagsooryam 	 	/s/
    Jennifer Samuel Perera
	Muhunthan
    Canagasooryam 	 	Jennifer
    Samuel Perera
	 	 	Director
    / Chief Finance Officer 


Witnesses


 


		1)	________________________



Name:


NIC
No:


 


		2)	________________________



Name:


NIC
No:


 






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