Summary of Agreement in English
EX-10.2 3 v397148_ex10-2.htm EXHIBIT 10.2
Exhibit 10.2
Summary of Agreement in English
Contract #02010570858
| · | Type: Overdraft |
| · | Maturity: August 2014 |
| · | Original value contract: R$ 350.000,00 |
| · | Balance due: R$ 538.499,00 (approximately USD $200,000) |
| · | Discount granted: R$ 230.331,14 (approximately USD $85,000) |
Contract #12348346613
| · | Type: Working Capital |
| · | Maturity: January 2016 |
| · | Original value contract: R$ 508.269,57 in December 2013 |
| · | Balance due: R$ 509.953,61 (approximately USD $190,000) |
| · | Discount granted: R$ 218.121,47 (approximately USD $81,000) |
| · | Total assumed debt for the two outstanding debt: R$ 1.048.452,61 (approximately USD $391,000) |
| · | Cash repayment: R$ 600.000,00 (approximately USD $224,000) |
