LINE OF CREDIT AGREEMENTLine of Credit Agreement • October 1st, 2013 • Novagen Ingenium Inc. • Metal mining • New South Wales
This LINE OF CREDIT AGREEMENT is made as of this 30 day of September, 2013 (the “Line of Credit Agreement”), by and among Novagen Ingenium, Inc, (the “Borrower”); and Allan and Beverley Smerdon (the ”Lender”). A line of credit is hereby established in the amount of Five Hundred Thousand Dollars ($500,000.00) for the benefit of the Borrower; provided, however, that the Lender unilaterally may terminate the Borrower’s privilege to request advances hereunder or lower said amount. This line of credit will be subject to the following terms and conditions.
