FORM OF LOAN CONVERSION AGREEMENTLoan Conversion Agreement • May 4th, 2011 • Encorium Group Inc • Services-commercial physical & biological research • Pennsylvania
THIS LOAN CONVERSION AGREEMENT (this “Agreement”) is effective as of October 15, 2010 by and among Ilari Koskelo (“CREDITOR”), Encorium Oy, a corporation organized under the laws of Finland (“DEBTOR”) and Encorium Group, Inc. a Delaware corporation (“ENCO”).
ContractEncorium Group Inc • May 4th, 2011 • Services-commercial physical & biological research
On December 16, 2009 Encorium Oy, Encorium Group, Inc.'s (the "Company") wholly-owned Finnish subsidiary, entered into a three year term loan facility in the amount of EURO 700,000 with Finnvera plc, a specialized financing company owned by the Finnish state ("Finnvera").
