LOAN AGREEMENT

LOAN AGREEMENT

BETWEEN

QIF Malta 1 Ltd., a private limited liability company constituted under the laws of Malta with company registration number C48749 and with registered office at Xxxxxxx Xxxxxx Stiges, 00 Xxxxx Xxxxxx Xxxxxxx XX0000, Xxxxx, duly represented hereon by Xxxx Xxxxxx;

Hereunder named “The Lender”

AND

VISION INDUSTRIES CORP.

Accountholder:  Vision Motor Corp. 000 Xxxxxxxxxx Xxxxx Xx Xxxxxxx, XX  00000, XXX

Hereunder named “The Borrower”

NOW, THEREFORE, THE PARTIES HERETO AGREE AS FOLLOWS:

1.

Subject to the terms and conditions of this Agreement, the Lender will grant a loan to the Borrower for an amount of USD 500’000.00 on 28.12.2010 (Loan Date).

2.

Beneficiary:

Vision Motor Corp. 000 Xxxxxxxxxx Xxxxx Xx Xxxxxxx, XX  00000, XXX.

3.

Vision Wire Instructions:

4.

The yearly interest rate is set at 5.0 p.a., (five percent), payable annually, simple interest.

5.

The Loan matures on the second anniversary from the Loan Date, but can be paid back at any time without penalty.

Executed in as many copies as parties, each of the parties recognizing that t has receied its copy.

This agreement is subject to Malta laws.

Zollikon, 21^st December 2010

/s/ Xxxx Xxxxxx The Lender Xxxx Xxxxxx Director QIF Malta 1 Ltd /s/ Xxxxxx Xxxxxxxxxx The Borrower Xxxxxx Xxxxxxxxxx President Vision Industries Corp.