[unofficial translation]

 

1.

Whereas according to our records you have a balance of debt owed to us according to a loan agreement dated 9.7.08.

 

2.

And whereas in order to settle the debt we agree that if you pay us within seven business days from the date of signing this document an aggregate of $23,000 (twenty three-thousands U.S. dollars) we will consider it as a full and final payment of the entire debt owed to us including any debt due to a loan's fund or interest.

 

3.

For the avoidance of any doubt, if we will receive this amount, we will not have any argument and/or claim against you and/or your subsidiary and/or one of your employees on behalf of this loan.

 

4.

We agree to maintain full confidentiality regarding the debt settlement and we will not transfer in writing or verbally the content of this letter to any third party except if we will be forced to do so in a court order.

 

5.

Our consent is irrevocable as long as the condition mentioned in section 2 will be fulfilled by you.

 

6.

When signing this document, we confirm its content and give an irrevocable order to transfer $23,000 (twenty three thousands U.S. dollars) to the following bank account: