Loan Facility Certificate between Minoan Medical Proprietary Limited and DISA Medinotec
Minoan Medical Proprietary Limited and DISA Medinotec have agreed to a loan facility of up to $2.5 million. The loan is unsecured, carries interest at the South Africa prime rate, and must be repaid within three years after DISA Medinotec is listed on the OTC markets. The borrower may choose to convert the loan into equity or repay it in a single payment at the end of the term. There are no special covenants attached to this agreement.
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 | ||
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Interest rate: | SOUTH AFRICA PRIME RATE% | ||
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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
