Loan Agreement dated March 26, 2008, with Green Shoe Inc
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EX-10.1 2 ex101.htm LOAN AGREEMENT DATED MARCH 26 ex101.htm
LOAN AGREEMENT
This Loan Agreement ("Agreement") is dated March 26, 2008
| BETWEEN: | Green Shoe Inc. (the "Lender") |
| AND: | Sunberta Resources Inc. (the "Borrower") |
1. Promise to Pay
Borrower promises to pay to Lender the sum of US$50,000, and interest and other charges stated below (altogether, the "Loan").
2. Breakdown of Loan
Amount of Loan: US$50,000
| Annual Rate: | 10% annual interest compounded monthly on the last day of each month, with interest accruing from April 1, 2008. |
3. Repayment
Borrower will repay the amount of the Loan upon demand.
4. Prepayment
Borrower has the right to repay the whole outstanding amount at any time.
5. Collection fees
If this note is placed with an attorney for collection, then Borrower agree to pay an attorney's fee of 20% of the unpaid balance. This fee will be added to the unpaid balance of the loan.
| LENDER | BORROWER |
| GREEN SHOE INC. | SUNBERTA RESOURCES INC. |
| (signed) | (signed) |
| Authorized Signature | Authorized Signature |
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