LOAN AGREEMENT
(Unsecured)
This Agreement, by and between Imobolis, Inc. a corporation duly organized and existing under the laws of the State of Nevada, "Corporation" and, Julian Spitari an individual "Note Holder".
WITNESSETH:
WHEREAS, Note Holder is willing to lend Imobolis, Inc. the aggregate sum of $1,804 which shall be evidenced by this executed Short term note.
The key terms and conditions are detailed below.
The funds are too be used for working capital of Imobolis, Inc.
The other key terms and conditions of the loan facility are as follows:
Borrower:
0000 Xxxx Xxxxxxx Xxxx. Xxxxx 000,
Xxxxxxx Xxxxx, XX 00000
Note Holder: Julian Spitari
Amount of loan: $1,804
Term: Due on Demand
Rate: 8% annual interest will be accrued on note until re-payment.
Conversion: There are no conversion rights.
Execution and Date:
By:____Julian Spitari, President of Imobolis, Inc.
/s/ Julian Spitari
Printed Name: Julian Spitari
Date: November 16, 2010
