Written Description of Oral Agreement between Pypo Digital Company Limited and GM Investment Company Limited

Contract Categories: Business Finance › Loan Agreements
Summary

Pypo Digital Company Limited agreed to pay about $0.3 million to GM Investment Company Limited on behalf of Capital Ally Investments Limited. This payment covers interest owed by Capital Ally to GM Investment under a loan. Pypo Cayman must make the interest payment to GM Investment before November 2010.

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EX-10.82 9 dex1082.htm WRITTEN DESCRIPTION OF ORAL AGREEMENT Written description of oral agreement

Exhibit 10.82

Written description of oral agreement between Pypo Digital Company Limited and GM Investment Company Limited

In March 2009, Pypo Digital Company Limited (“Pypo Cayman”) agreed to pay approximately $0.3 million to GM Investment Company Limited (“GM Investment”) on behalf of Capital Ally Investments Limited (“Capital Ally”) for interest payments associated with a loan to Capital Ally from GM Investment. Pypo Cayman will make such interest payment to GM Investment prior to November 2010.