LOAN AGREEMENT*Loan Agreement • August 22nd, 2005 • Margo Caribe Inc • Agricultural production-crops • Puerto Rico
AS PARTY OF THE FIRST PART: MARGO CARIBE, INC. (hereafter the “DEBTOR”), a corporation organized and existing under the laws of Puerto Rico, with employer tax identification number 66-0550881, represented in this act by its president, MICHAEL JOSEPH SPECTOR MILLER, with social security number ###-##-####, of legal age, married, proprietor and resident of Dorado, Puerto Rico, who represents and warrants that he is duly authorized to represent the DEBTOR in this agreement, to which he commits to proving, when and as often as necessary; and
LOAN AGREEMENTLoan Agreement • August 22nd, 2005 • Margo Caribe Inc • Agricultural production-crops • Puerto Rico
AGREEMENT entered into on May 23, 2005, between Michael J. Spector and Margaret D. Spector (herein-after referred to collectively as the “Lenders”), and Margo Caribe, Inc., a corporation organized and existing under the laws of the Commonwealth of Puerto Rico (hereinafter referred to as the “Borrower”). This Agreement covers the terms and conditions upon which the Lenders may make a loan to the Borrower. Such terms and conditions are the following:
