EXHIBIT 4.2
LOAN AGREEMENT
This Agreement made and entered into this 24th of March, 2004
BETWEEN General Resources Company ("GRC"), a company organized and
existing under the laws of the ROC, with its principal business
place at X0, Xx.Xxxx000 , Xxxx Xxxx Xxxx, Xxxxx 000, Xxxxxx,
Xxxxxx, XXX.
AND Perfisans Networks Corporation ("DEBTOR"), a company organized and
incorporated under the laws of Canada, with its principal business
place at 0000 00xx Xxxxxx, Xxxx 0, Xxxxxxx, Xxxxxxx, Xxxxxx. X0X
0X0.
1. GRC agrees loan to the Debtor and the Debtor agrees to borrow from GRC
the sum of One Hundred Seven Thousand and two Hundred Fifty US Dollars
(US$107,250).
2. An interest rate of 2% per month shall be applied to calculate the
interests.
3. The payment and repayment of the loan shall be made through wire transfer
to the designated bank accounts. 4. This Agreement shall be governed by
and construed according to the laws of the ROC. 5. For any disputes or
claims arising from or in connection with this Agreement, both parties
agree to submit to the jurisdiction of the Taipei District Court of
Taiwan.
IN WITNESS WHERE OF, this Agreement is duly executed by the authorized
representative of each respective party in duplicate with one copy for each
party.
Signed by
GENERAL RESOURCES COMPANY. PERFISANS NETWORKS CORPORATION
------------------------- --------------------------
Xxxxx Xxxx To-Xxx Xxx
Chairman
