US$16,049.66 to Urban Mining International. Term Sheet
Exhibit 10.5
US$16,049.66 to Urban Mining International.
Term Sheet
March 15, 2021
Lender: | Xxxxx Xxxxx. (the “Lender”) |
Borrower: | Urban Mining Intl.,. (the “Borrower”) |
Loan Interest: | Interest bearing loan of US$ 16,049.66 (the “Loan”) is one (%) a month compounded. |
Maturity Date: | The Loan will become due and payable in full on June 30, 2021 (the Due Date”). |
Closing | March 15, 2021 |
This Term Sheet represents the current understanding of the parties with respect to the subject matter herein and constitutes a legally binding agreement.
This Term Sheet may be executed in counterparts, which together will constitute one document. Electronic signatures shall have the same legal effect as original signatures.
Urban Mining International | |||
SIGNED AND DELIVERED ) | |||
in the presence of | ) | ||
/s/ Xxxxxxxx Xxxxx | ) ) ) |
/s/ Xxxx Xxxxx | |
Witness | ) | Xxxx Xxxxx | |
Xxxxx Xxxxx | |||
SIGNED AND DELIVERED ) | |||
in the presence of | ) | ||
/s/ Xxx Xxxxxxxxx | ) ) ) |
/s/ Xxxxx Xxxxx | |
Witness | ) | Xxxxx Xxxxx |