Loan Request Agreement between On Track Innovations Ltd. and First International Bank of Israel, Ltd. (February 28, 2022)

Summary

On Track Innovations Ltd. requested a loan of $2,000,000 in U.S. Dollars from the First International Bank of Israel, Ltd. The loan is to be credited to the company's account, with both the principal and interest due for repayment on March 28, 2022. The interest rate is set at the Secured Overnight Financing Rate (SOFR) plus 2.45%. This agreement outlines the key terms for the short-term loan, including the repayment date and applicable interest rate.

EX-10.13 5 f10k2021ex10-13_ontrack.htm AN ENGLISH SUMMARY OF THE MATERIAL PROVISIONS OF A HEBREW DOCUMENT TITLED "A REQUEST FOR A LOAN IN A FOREIGN CURRENCY" DATED FEBRUARY 28, 2022

Exhibit 10.13

An English Summary of the Material Provisions of a Hebrew Document Titled

“A Request for a Loan in a Foreign Currency” Dated February 28, 2022

To:	The First International Bank of Israel, Ltd.
	Office 274 – U-Bank Hertzliya

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Account Name:

On Track Innovations Ltd.

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Loan Currency:

U.S. Dollars.

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Amount of the Loan:

2,000,000.00

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Day of Grant of the Loan:

Date of credit of the loan amount in the account.

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Date of Repayment:

March 28, 2022.

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Interest:

Secured Overnight Financing Rate (SOFR) plus 2.45%.

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Date of Payment of Interest:

March 28, 2022