Attached files

                                                                    Exhibit 10.3

                                 LOAN AGREEMENT

     THIS AGREEMENT made the 5th day of July 2013.


BETWEEN:

          EVGENIA GONIKMAN, of, 13/1 Duhifat, Arad, 89074, Israel ("Evgenia")


                                                               OF THE FIRST PART

AND:

          MERECOT CORP, a company incorporated pursuant to the laws of Nevada
          with an address at 616 Corporate Way Suite 2-6621, Valley Cottage, NY
          10989 ("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/ Evgenia Gonikman                         PER: /s/ Evgenia Gonikman
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EVGENIA GONIKMAN                                  Authorized Signator