CONFIDENTIAL LOAN AGREEMENT
CONFIDENTIAL
| Borrower: | Mesa Builders Inc. (“Mesa Builders”) | |
| Lender: | Oxford Capital Services Inc. (“Oxford Capital”) | |
| Structure: | Loan (“Loan”) | |
| Date of Agreement: | February 18, 2005 | |
| Principal: | $54,990 USD. | |
| Period: | 2 years. | |
| Loan Due: | February 18th, 2007 | |
| Interest: | 10% annually | |
| Terms: |
At
the end of two (2) years Mesa Builders shall arrange to pay Oxford
Capital
the principal plus interest. Interest is calculated at 10% annually.
At
any time during the term of this agreement
Oxford Capital may at their discretion demand some or all of the
principle
plus owed interest.
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|
| Confidentiality: |
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.
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| By Mesa Builders Inc: | By Oxford Capital Services Inc: |
| /s/ Xxxxxx Xxxxxx | /s/ Authorized Signature |
