EXHIBIT 10.4
CREDIT CONTRACT
Santiago Chile, November 6, 1997, between Kentucky Foods Chile S.A. represented
by Xxxxxxxx Xxxxxxx Xxxxxxx and Inversiones e Inmobiliaria Kyoto Limitada
represented by Xxxxxxx Xxxxxxxx Xxxxx, both commercial residents are at
Xxxxxxxxxx Xx. 00, Xxx Xxxxxx, Xxxxxxxx, Xxxxx the following has been agreed.
FIRST: Inversiones e Inmobiliaria Kyoto Limitada lends to Kentucky Foods Chile
the amount of $169,300,000, in accordance with to the laws of Book IV, Title
XXXI of the Civil Law and the Law 18.010.
SECOND: The indebted is obligated to restore the amount indicated during the
course of the year 1998. Starting January 1, 1998 this amount will earn an
interest of 7.8% annually. In case of late payment, this amount will earn the
maximum interest permitted by law between the date that is late until the
payment is received.
THIRD: For all the legal effects of this contract, all the participating are all
residents of the city of Santiago.
It is stated that the legal capacity of Xxxxxxx Xxxxxxxx Xxxxx to represent
Inversiones e Inmobiliaria Kyoto Limitada is established in the public documents
dated November 30, 1995, notarized by Xxxx Xxxxxxxxx Laso, notary public of
Santiago Chile.
The legal capacity of Xxxxxxxx Xxxxxxx Xxxxxxx to represent Kentucky Foods Chile
S.A. is approved by the Public Documents dated October 21, 1994, notarized by
the Notary Public of Santiago Chile Xxxxxxx de la Cuedra Fabres, referred to in
the record of proceeding of the Directors of Sociedad Kentucky Foods Chile S.A.,
dated October 23, 1995, notarized by Xxxx Xxxxxxxxx Laso.
/S/ XXXXXXX XXXXXXXX XXXXX /S/ XXXXXXXX XXXXXXX CORRENO
-------------------------- -----------------------------
Xxxxxxx Xxxxxxxx Xxxxx Xxxxxxxx Xxxxxxx Correno
Inv. e Inmob. Kyoto Ltda. Kentucky Foods Chile S.A.
