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Bridge Loan Agreement
Between
Miralco
Holding AG ,
Hofackerstrasse 3a, CH-4132 Muttenz (Lender)
And
Qnective
AG , Thurgauerstrasse 54,
8050 Zürich (Borrower)
Whereas,
The Borrower is
a corporation duly organized and validly existing under the laws of
Switzerland with business activities in the field of
Telecommunications;
The Lender is
an investment corporation duly organized and validly existing under
the laws of Switzerland;
The Borrower
has requested a bridge loan in an amount of
$2’000’000.00 for working capital and general corporate
purposes until such time as it can complete an overall debt or
equity financing with the lender, and the Lender is willing to
grant the requested bridge loan on and subject to the terms and
conditions hereof.
Accordingly,
the parties hereto agree as follows :
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1.
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The Lender
grants to the Borrower the amount of $2’000’000.00 as a
bridge loan for working capital and general corporate
purposes.
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2.
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The amount
shall be transferred to a bank account designated by the Borrower
immediately after the execution of this agreement.
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