SECOND LINE OF CREDIT LOAN AGREEMENT AND PROMISSORY NOTESecond Line of Credit Loan Agreement and Promissory Note • February 29th, 2012 • VelaTel Global Communications, Inc. • Radiotelephone communications
This Second Line of Credit Loan Agreement and Promissory Note (“Second Note”) is entered into by and between VelaTel Global Communications, Inc., a Nevada corporation (“VelaTel”), and Isaac Organization, Inc., a Canadian corporation organized under the laws of Ontario, (“Isaac”), or its assigns, as of February 23, 2012 (“Effective Date”). VelaTel and Isaac are each sometimes referred to individually in this Second Note as a “Party” and, together, as “Parties.”
AGREEMENT TO EXTEND AND INCREASE FIRST LINE OF CREDIT LOAN AGREEMENT AND PROMISSORY NOTE, TO CANCEL STOCK PURCHASE AGREEMENT, AND TO GRANT OPTION IN VN TECH AGREEMENTVelaTel Global Communications, Inc. • February 29th, 2012 • Radiotelephone communications
This Agreement (“Extension Agreement”) is entered into by and between VelaTel Global Communications, Inc. (formerly known as China Tel Group, Inc.), a Nevada corporation (“VelaTel”), and Isaac Organization, Inc., a Canadian corporation organized under the laws of Ontario (“Isaac”), or its assigns, as of February 23, 2012 (“Effective Date”). VelaTel and Isaac are each sometimes referred to individually in this Agreement as a “Party” and together as “Parties.”
