SEC Contract Filing

Filing Date: 2018-11-19

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>f10q0918ex10-2_borqs.htm
<DESCRIPTION>LOAN AGREEMENT, DATED JULY 31, 2018, BY AND BETWEEN BORQS SOFTWARE SOLUTIONS PRIVATE LIMITED AND BLUECAP MOBILE PRIVATE LIMITED
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.2</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>LOAN AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">THIS LOAN AGREEMENT (the &ldquo;Agreement&rdquo;) is made on July
31, 2018 (&ldquo;Effective Date&rdquo;) at Bangalore by and between: between:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">BORQS Software Solutions Private Limited, a company incorporated
under the laws of India, having its Registered Office at Prestige Al Kareem# 3, Ground Floor Edward Road, Bangalore &mdash; 560
052 (hereinafter referred to as the &ldquo;Borrower&rsquo; which expression shall unless excluded by or repugnant to the subject or context
be deemed to include its successors-in-interest and permitted assigns) of the ONE PART</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">AND</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Bluecap Mobile Private Limited, a company incorporated under
the laws of India, having its Registered Office at G-02, Prestige Serenity, 38/1, Kanakapura Road, Basavanagudi. Bangalore - 560
004 (hereinafter referred to as the &ldquo;Lender&rdquo; which expression shall unless excluded by or repugnant to the subject or
context be deemed to include its successors-in-interest and permitted assigns) of the SECOND PART</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(The Borrower and Lender hereinafter individually be referred
to as &lsquo;Party&rdquo; and collectively as Parties&rsquo;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">WHEREAS</P>

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<TD STYLE="width: 0; text-align: justify"></TD><TD STYLE="width: 0.5in; text-align: justify">A.</TD><TD STYLE="text-align: justify">The Borrower is in the business of</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Software Development</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 0; text-align: justify"></TD><TD STYLE="width: 0.5in; text-align: justify">B.</TD><TD STYLE="text-align: justify">The Borrower requires Funds and has requested the Lender to Provide Financial Assistance and the Lender has Agreed to do the
same.</TD></TR></TABLE>

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<TD STYLE="width: 0; text-align: justify"></TD><TD STYLE="width: 0.5in; text-align: justify">C.</TD><TD STYLE="text-align: justify">Pursuant to the above. The Parties seek to enter into this Agreement to confirm and record the terms and conditions on which
the Lender shall provide the Loan to the Borrower, and other agreements in connection therewith.</TD></TR></TABLE>

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<TD STYLE="width: 0; text-align: justify"></TD><TD STYLE="width: 0.5in; text-align: justify">1.</TD><TD STYLE="text-align: justify">DEFINATIONS AND INTERPRETATION</TD></TR></TABLE>

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<TD STYLE="width: 0.25in; text-align: justify"></TD><TD STYLE="width: 0.25in; text-align: justify">(a)</TD><TD STYLE="text-align: justify">&ldquo;Applicable Law&rdquo; shall include all applicable (i) statutes, enactments, acts of legislature or parliament, law, ordinances,
rules, bye-laws, regulations, listing agreements. Notifications, guidelines or policies of any jurisdiction and (ii) judicial quasi
judicial and or administrative decisions interpretations, directions, directives,