Common Contracts

2 similar Loan Agreement contracts by Ener1 Inc

Contract
Loan Agreement • March 31st, 2004 • Ener1 Inc • Telephone & telegraph apparatus

LOAN AGREEMENT N 046-EA/2002 St.Petersburg "___" "________________ 2002 Saint Petersburg Joint Stock Bank Tavricheskiy (Open Joint Stock Company), hereinafter refered to as "the Bank", represented by the Chief of Credit department Mr Vladimir P. Skaruk, acting on the basis of the power of attorney No 54 of November 23, 2000, and ENER1 USA INCORPORATED, hereinafter referred to as "the Borrower", represented by the corporation director Mr Mike Zoi, acting on the basis of the Charter, concluded the present Agreement as follows: 1. SUBJECT OF THE AGREEMENT 1.1 Under the present Agreement the Bank is obliged to transfer to the Borrower funds in amount of 400,000 (Four Hundred Thousand) US dollars by means of opening credit line, and the Borrower is obliged to pay back the specified amount of the loan and the relevant interests on it under the terms of the present Agreement. 2. THE BORROWER IS OBLIGED 2.1. To repay the loan amount not later than August 20,

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Contract
Loan Agreement • March 31st, 2004 • Ener1 Inc • Telephone & telegraph apparatus

LOAN AGREEMENT N 045-KB/2002 St.Petersburg "___" "________________ 2002 Saint Petersburg Joint Stock Bank Tavricheskiy (Open Joint Stock Company), hereinafter refered to as "the Bank", represented by the Chief of Credit department Mr Vladimir P. Skaruk, acting on the basis of the power of attorney No 54 of November 23, 2000, and ENER1 USA INCORPORATED, hereinafter referred to as "the Borrower", represented by the corporation director Mr Mike Zoi, acting on the basis of the Charter, concluded the present Agreement as follows: 1. SUBJECT OF THE AGREEMENT 1.1 Under the present Agreement the Bank is obliged to transfer to the Borrower funds in amount of 1,200,000 (One million two hundred thousand) US dollars, and the Borrower is obliged to pay back the specified amount of the loan and the relevant interests on it under the terms of the present Agreement. 2. THE BORROWER IS OBLIGED 2.1. To repay the loan amount not later than August 20, 2004. 2.2. To

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