Common Contracts
2 similar Loan Agreement contracts by Firstcdp Inc, Summit Design Inc
Exhibit 99(a) STILTSKIN, INC. April 25, 2002 Jonathan A. Firestein FIRSTCDP, INC. 4745 North 7th Street, Suite 234 Phoenix, AZ 85014 Re: $20,000 Loan Dear Mr. Firestein: This letter will clarify the terms of the loan to FirstCDP, Inc. ("FI") in the...Loan Agreement • May 20th, 2002 • Firstcdp Inc
This letter will clarify the terms of the loan to FirstCDP, Inc. ("FI") in the amount of $20,000. In the event FI does not raise at least $20,000 in the Registered Public Offering, then Stiltskin, Inc. will loan your company $20,000 on an as needed basis. The amount loaned will be calculated against the amount raised up to $20,000. (i.e. if $12,500 is raised then Stiltskin, Inc. will loan $7,500). The loan will mature at an annual interest rate of Prime plus one percent. Principle and interest will be payable one year from the date of the first disbursement to FI. At the time of repayment from FI, and at the option of FI, principle and interest may be converted to common shares in FI at a price of $0.25 a share.
EXHIBIT 10.21 Date: May 20, 1997Loan Agreement • August 14th, 1997 • Summit Design Inc • Services-prepackaged software
The loan must be repaid out of Mr. Moshe Guy's proceeds of selling his house and his stock in Summit Design Inc. The loan will be paid back within 5 years unless Mr. Moshe Guy leaves the company and in that case the loan will be paid back immediately. Summit is to effect a security interest in Mr. Moshe Guy's new home (first position) and in his Summit Stock.
