Director Loan Undertaking Agreement between Havaya Corp. and Directors Avraham Grundman and Benny Adler

Contract Categories: Business Finance › Loan Agreements
Summary

Directors Avraham Grundman and Benny Adler agree to provide loans of up to $5,000 each (totaling $10,000) to Havaya Corp. if the company lacks sufficient funds to cover its federal securities law compliance costs over the next year. This commitment ensures the company can meet its legal obligations. The agreement is effective as of October 1, 2010.

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EX-10.2 4 v198764_ex10-2.htm
Undertaking

October 1, 2010

Havaya Corp.

Dear Gentleman:

Each of the undersigned Directors of Havaya Corp. (“Company”) hereby undertakes to provide a loan of up to $5,000 to the Company (for an aggregate loan of up to $10,000) to help the Company cover its projected Federal securities laws compliance costs over the next twelve months in the event that the Company has insufficient funds to meets such costs.

Please contact us if you have any questions.

Very truly yours,

/s/ Avraham Grundman
  
/s/ Benny Adler
Mr. Avraham Grundman
  
Mr. Benny Adler