Exhibit 10.2
LOAN AGREEMENT
Is effected between 10Charge Kft. (headquarters: Budapest, Konkoly Xxxxx Xxxxxx
ut 29-33., corporate ID: 00-00-000000, Tax ID: 12643819-2-43, represented by:
Marinka-Xxxx Xxxxxx) as the "creditor" and Xxxxx Xxxxxx (born: Budapest, 1966.
September 30., Mother's maiden name: Xxxxx Xxxxxxx, address: Xxxxxxxxxxxxx,
Xxxxxxxx x. 00. tax ID: 8364313673) from now on "Borrower" under the following
conditions:
1. Creditor on this day loans to borrower US $45,000 - forty five
thousand - dollars. Borrower certifies that he received said amount
at the time of signing this agreement.
2. Borrower is obliged to repay said amount by January 31, 2004 either
in whole, or within the available time in payments as scheduled by
him.
3. Contracting parties agree that borrower will pay to creditor
interest on borrowed amount. Parties agree that the interest amount
will equal to the interest level of the Hungarian National Bank as
calculated in the Hungarian forint equivalent of loan for the same
time period. The HUF/USD exchange rate in effect is to be the same
as on the day of repayment of debt. Interest is to be repaid at the
same time as the loan.
All points not covered by this agreement will be enforced by the relevant
section of Hungarian law governing loan agreements.
Contracting parties personally sign this agreement after reading and
understanding all point above, under their own free will.
XXXXXXXX, 0000, August, 1.
/s/ Xxxxx Xxxxxx /s/ 10charge Kft.
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Borrower Creditor
As witnesses in front of:
1.)
2.)
1
AMENDMENT TO LOAN AGREEMENT
This is a modification of the agreement dated 2003 July 22. between 10charge
Kft. (Budapest, Konkoly Xxxxx Xxxxxx ut 29-33., Corporate ID#: 00-00-000000, Tax
ID: 12643819-2-43, represented by: Marinka-Xxxx Xxxxxx) as "Lender" and Xxxxxx
Xxxxx (Born.: Budapest, 1966. September 30., Mother's name: Xxxxx Xxxxxxx,
Residence: Pilisjaszfalu, Erdoalja u. 12. Tax ID: 8364313673) as the "Borrower"
under the following conditions:
The second paragraph of the original contract is modified as follows.
"2. Borrower is obliged to repay loan no later than December 31, 2004,
either in one sum or, until the due date, in parts. Repayment of debt is to be
implemented in Hungarian forints. Exchange rate in effect is the exchange rate
of the Hungarian National Bank's rate on the day of transfer to Lender."
All other point is the original contract remains in full effect.
All other matter not specifically mentioned here are governed by the
Hungarian Civil Code regarding loans.
Contracting parties sign this document after reading it and understanding
its content under their own free will.
Budapest, January 23, 0000
/x/ Xxxxx Xxxxxx /s/ 10charge Kft.
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Borower Lender
Signed in front of the following witnesses:
1. Name
Residence
ID card number:
1. Name
Residence
ID card number:
2
