EXHIBIT 10.1
TP&T (TOR Processing & Trade)
B.V.
O. Karasch
|
Our reference
|
:
|
ZR/HM/AG/Offer 07-03-09
|
|
Tel.-number
|
:
|
(038) 428 77 00
|
|
Date
|
:
|
March 9, 2007
|
|
Subject
|
:
|
Financing offer
|
Dear Dr. Karasch,
With pleasure I herewith send you
the financing offer concerning your financing application of EUR
1,100,000.00 for the financing of the expansion of your working
capital.
This proposal has been based upon
our conversation held earlier. Might you have any questions
please contact me or Houkje van der Meer.
You receive the financing offer in
duplicate. One copy for yourself and the other copy must, after
completing the required data and having it signed by the authorized
persons, be returned to us.
A closer specification of the
financing can be found in "further explanation financing
offer".
If the general meeting of
shareholders takes or has taken (a) decision(s) concerning the
representative authority in case of contradictory importance
between the company and a director you have to communicate that to
us directly after reception of this letter. In that case we
will need a copy of this or these decision(s) in
writing.
After reception of the signed
proposal I will contact you concerning the further fulfillment of
the financing-agreement.
Kind regards,
Arjan Gosker
Senior consultant Business Relations
Attachments:
•
General conditions for current accounts of the Rabobank
2004
•
General Bank conditions
Financing Proposal to:
TP&T (TOR Processing & Trade)
B.V.
Dr. O. Karasch
Burg.Moslaan 13
8051 CP Hattem
Financing of EUR 1,100,000.00
consists of:
Credit on current account of EUR
1,100,000.00
Repaid is
Credit on current account of EUR 650,000.00
account-number 1046.65.262
Main points of the credit on
current account EUR 1,100,000.00
|
Interest:
|
Variable, at the moment 7.05%
|
|
Credit interest
|
Over a credit balance on the current account
interest is paid by the bank, the height of which depends on the
height of the amount on your account
|
|
Duration:
|
Till December 31, 2009, after which the
financing will be reconsidered.
|
|
The credit provision
|
1 % per year over the credit maximum per quarter
afterwards
|
|
Transfer of payments
|
Transaction-dependent tariff
|
|
Starting date
|
March 20, 2007
|
|
|
|
|
Treatment costs
|
EUR 2,500.00
|
|
|
|
|
Closer agreements
|
|
|
Handing in of:
|
|
|
Annual report:
|
each year before the 1st of
June
|
|
Pawning lists
|
Per month
|
|
|
|
|
Validity
|
The financing offer is valid till
the 16 th of March 2007
|
The financing offer is written in more detail
below.
Credit in current account of Euro
1,100,000.00
The cooperative Rabobank Zwolle
U.A., established in Zwolle hereafter called Bank supplies credit
(severally) to, and the Bank apprehends a current account for that
matter for:
TP&T (TOR Processing &
Trade) B.V.
Established in Rotterdam
Trade register number
H050683840000
The credit is administered at the
Bank on account Number 1046.65.262 at name of TP&T (TOR
Processing & Trade) B.V.
The debit interest
is:
The Rabobank base rate, with a
minimum however of 3%, raised with a rise of now 2.8 %-point.
The Rabobank base rate amounts to now 4.25% per year. So the
debit interest amounts to now 7.05% per year, to be paid per
quarter retrospectively.
The Rabobank base rate and the rise
can always be changed by the Bank. Modification of the
Rabobank base rate has no influence on the earlier mentioned
minimum interest.
