Loan Agreement dated January 3, 2008 for EUR 28,000 between DAST GmbH (as lender) and Clyvia Technology GmbH (as borrower)

Loan agreement

between

Clyvia Technology GmbH, Friedrich-List-Allee 10
41844 Wegberg – Wildenrath

- Borrower -

and

DAST GmbH, Friedrich-List-Alee 10
41844 Wegberg – Wildenrath

- Lender -

1.
The Lender grants the Borrower a loan in the amount of EUR 28,000.00

2.
Upon disbursement, the annual interest payable on the loan is 8%.

3.
The loan agreement may be terminated at any time with a term of three months to the end of a quarter.

Once the loan agreement terminates, the loan as well as the interest payable becomes due.