Common use of Shareholder Loan Clause in Contracts

Shareholder Loan. The Purchaser acknowledges that Gruering has advanced funds to the Company as a shareholder loan. Such shareholder loan shall be converted into 5,000,000 shares of Common Stock of the Purchaser. The Purchaser shall reserve 5,000,000 shares of its Common Stock to allow for the conversion by Gruering of this shareholder loan.

Shareholder Loan. The Purchaser acknowledges that Gruering has advanced funds loans to the Company as a shareholder loan. Such shareholder loan shall be converted into 5,000,000 1,097,145 shares of Common Stock of the PurchaserPurchaser as of the Closing Date. The Purchaser Said shareholder shall reserve 5,000,000 shares of its Common Stock execute a release to allow for the conversion by Gruering of this shareholder loan.Company in the form attached hereto as Exhibit A.”