Loan Certificate dated Mary 1, 2017
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Business Finance
- Loan Agreements
EX-10.7 25 ex10_7.htm
LOAN CERTIFICATE
INFORMATION SUPPLIED BY MINOAN MEDICAL PROPRIETARY LIMITED
MINOAN MEDICAL PROPRIETARY LIMITED
I hereby certify that there is a loan facility in place between Minoan Medical and DISA Medinotec, the loan can be drawn down to a maximum of $2.5 Million and carries the following terms and conditions
| Security held: | UNSECURED | ||
|
Interest rate: | SOUTH AFRICA PRIME RATE% | ||
|
Repayment terms: | Within three years after listing at the discretion of the borrower, the amount can be converted into equity or settled in one bullet payment 3 years after listing on the OTC markets | ||
| Specific or unusual covenants (if any): | None |
/s/ Gregory Vizirgianakis
Minoan Medical
Gregory Vizigianakis CEO {Minoan Medical)
Date: March 1,2017
/s/ Pieter van Niekerk
DlSA Medinotec
Pieter van Niekerk
CFO {DISA Medinotec)
Date: March 1,2017
