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EXHIBIT
10.1
MONUMENTAL MARKETING
INC.
7
Jabotinsky st., Aviv Tower
46
th 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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1.
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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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2.
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The Company may repay any or all
outstanding amounts of principal at any time, without
penalty.
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3.
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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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4.
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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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5.
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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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6.
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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 com
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