Loan Commitment Agreement between Radium Ventures Corp. and Homeland Resources Ltd. dated April 19, 2010

Contract Categories: Business Finance › Loan Agreements
Summary

Radium Ventures Corp. has agreed to lend up to $55,000 to Homeland Resources Ltd. at a 6.5% annual interest rate for two years, to provide working capital for Homeland's exploration programs. The loan is unsecured, can be repaid at any time, and is structured as a demand loan. Both parties have signed the agreement, which outlines the basic terms and repayment flexibility.

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EX-10.1 2 exh10-1_loan.htm EXH 10-1 LOAN COMMITMENT exh10-1_loan.htm
 
 
 
 
 
 
 
 
 
 
EXHIBIT 10.1
 
LOAN COMMITMENT DATED APRIL 19, 2010
FROM RADIUM VENTURES CORP.

 
 
 
 

Radium Ventures Corp

Scotia Plaza Bldg. 9th Floor
51th St. & Federico Boyd Avenue
P. O. Box 0816-01114
Panama, Republic of Panama



April 19, 2010


To:  Homeland Resources Ltd.
6801 Los Trechos NE
Albuquerque, NM  87109

RE:  Loan Commitment

Radium Ventures of 51th St. & Federico Boyd Avenue, Panama, Republic of Panama hereby agrees to loan Homeland Resources Ltd., up to the sum of US $55,000.00 at an interest rate of 6.5% per annum for a period of two years (April 2013) for the purposes of providing Homeland Resources Ltd., with working capital in connection with its proposed exploration programs.  This is an unsecured demand loan and can also be repaid at anytime.

Accepted by:

/s/ Alexis Vergara

Alexis Vergara, President
Radium Ventures Corp


/s/ Armando Garcia

Armando Garcia, President
Homeland Resources Ltd.