CONFIDENTIAL TERM SHEET
CONFIDENTIAL
|
Borrower:
|
UBA
Technology.
|
|
Lender:
|
|
|
Structure:
|
Loan
(“Loan”)
|
|
Principal:
|
$100,000
USD.
|
|
Period:
|
1
year
|
|
Interest:
|
8%
|
|
Issue
Date:
|
June
7, 2006
|
|
|
|
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Terms:
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At
the end of the period from the date of issue, UBA Technology agrees
to pay
back the principle plus interest to the Lender.
|
|
Confidentiality:
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The
parties agree to keep this term sheet and its contents confidential
and
not to distribute it to, or discuss it with, any third party (other
than
the parties’ legal and financial advisors, who shall be informed of the
confidential nature of this document) without the prior express written
consent of the parties.
|
The
undersigned parties hereby represent and warrant that this term sheet has been
duly authorized, executed and delivered.
| By UBA Technology: | By Global Development: | ||
| /s/ | /s/ | ||
|
Authorized Signatory |
Authorized Signatory |
||
