LOAN AGREEMENT
This Loan
Agreement ("Agreement") is dated March 26, 2008
|
BETWEEN:
|
Green Shoe Inc. (the
"Lender")
|
|
AND:
|
Sunberta Resources Inc.
(the "Borrower")
|
1. Promise
to Pay
Borrower
promises to pay to Lender the sum of US$50,000, and interest and other charges
stated below (altogether, the "Loan").
2. Breakdown
of Loan
Amount
of
Loan: US$50,000
|
Annual
Rate:
|
10% annual interest
compounded monthly on the last day of each month, with interest accruing
from April 1, 2008.
|
3. Repayment
Borrower
will repay the amount of the Loan upon demand.
4. Prepayment
Borrower
has the right to repay the whole outstanding amount at any time.
5. Collection
fees
If this
note is placed with an attorney for collection, then Borrower agree to pay an
attorney's fee of 20% of the unpaid balance. This fee will be added to the
unpaid balance of the loan.
| LENDER | BORROWER |
| GREEN SHOE INC. | SUNBERTA RESOURCES INC. |
| (signed) | (signed) |
| Authorized Signature | Authorized Signature |
