BRIDGE LOAN AGREEMENTBridge Loan Agreement |
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EXHIBIT 10.1
MONUMENTAL MARKETING INC.
7 Jabotinsky st., Aviv Tower
46th floor (at Innovetica group offices)
Ramat Gan 52520, Israel
November 14, 2006
John Lund.
6660 Linda Vista Blvd.
Missoula, Montana
59803
Dear Mr. Lund
Re: Bridge Loan granted by John Lund (“Lund”) to Monumental Marketing Inc (the “Company”)
This letter will serve to confirm our agreement wherein, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, we have agreed to loan $50,000 (the “Loan”) to the Company on the following terms and conditions:
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The principal amount of the Loan, together with accrued interest, shall be due and payable on the date which is 120 days from the date of advance (the “Maturity Date”): |
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The Company may repay any or all outstanding amounts of principal at any time, without penalty. |
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The Loan might be given to the company’s subsidiary, and the subsidiary might repaid the Loan, according to that agreement. |
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The Loan shall bear interest at eight per cent (8%) per annum and shall be payable on the Maturity Date, or earlier, if the principal will be repaid then. |
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In consideration of the Loan, the Company will issue to Lund 125,000 common shares in its capital stock which will be restricted under Rule 144. These shares have piggyback registration rights for any registration conducted by the company other than on form S-8. In the event the Company undertakes a registration of shares and does not include the Lund Shares, and/or if the loan was not repaid at 120 days of the execution date of the loan, and/or if the lender chooses to converts the loan into common stock, the Company will issue an additional 50,000 Warrants at $0.15 a share to Lund,. The warrants will be in effect for 3 years. |
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In the event that the Loan is not repaid by the Maturity Date, Lund may convert all or any portion of the Loan to common shares of the Company at a price of $0.10 per share until the Loan is fully converted or repaid in full. |






