Exhibit 10.11
BRIDGE LOAN AND OPTION AGREEMENT
This Bridge Loan Agreement is made as of February 28, 2012, between Xx.
Xxxxx Xxxxxxxx, a resident of Ireland ("the lender"), Global Equity Partners
Plc, a Seychelles Corporation (the "Company" or "GEP"), and Global Equity
International, Inc., a Nevada corporation ("GEI").
Terms and Conditions:
1) AMOUNT.
Xx. Xxxxx Xxxxxxxx agrees to lend the Company $20,000 USD (Twenty
Thousand US Dollars) as a bridge loan to fund no later than March 1, 2012.
2) REPAYMENT.
The Company agrees to repay the bridge loan within 90 days of the
receipt of the funds.
3) INTEREST.
The Company agrees to pay lender an interest rate of 3% equating to
$600 for the 90 day loan term and also issue 40,000 shares of Global Equity
International, Inc., a US Nevada Corporation (parent company of GEP).
4) OPTION.
The Company also agrees to grant Xx. Xxxxx Xxxxxxxx 20,000 warrants at
a strike price of $1.00. The term to purchase these warrants has been mutually
agreed to be a maximum of 18 months from the receipt of the funds lent to the
Company.
/s/ Xxxxx Xxxxxxxx /s/ X. Xxxxx
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Xx. Xxxxx Xxxxxxxx Mr. Xxxxx Xxxxx
CEO - GEP
Plc. & GEI Inc.
Date: February 28, 2012 Date: March 1, 2012
