Exhibit 10.1
TP&T (TOR
Processing & Trade) B.V.
O. Karasch
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Our
reference
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:
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ZR/AG/jb/27/tp&t
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Tel.-number
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:
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(038) 428 77
00
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Date
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:
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July 13,
2005
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Subject
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:
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Financing
offer
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Dear Mr.
Karasch,
With pleasure
I herewith send you the financing offer concerning your financing
application of EUR 500.000,00.
This proposal
has been based upon our conversation held earlier. Might you have
any questions please contact me or my assistant Joop van
Borkulo.
You receive
the financing offer in duplicate. One copy for yourself. 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 in case of contradictory importance
between the company and a director you please 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 business loans of the Rabobankorganisatie 2001
· General Bank
conditions
Financing
Proposal to:
TP&T (TOR
Processing & Trade) B.V.
Mr. O.
Karasch
Burg.Moslaan
13
8051 CP
Hattem
Financing
of EUR 500.000,00 consists of:
Loan of EUR
500.000,00
Main points
of the loan of EUR 500.000,00
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Interest:
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Variable plus:
6% per year
3 years fixed
: 5.8% per year
5 years
fixed: 6.1% per year
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Payment of
interest:
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Per month
– retrospectively
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Duration:
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10 years
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Repayment:
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Euro 4.167,00
per month retrospectively
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First
repayment
Foreseen date
of withdrawal
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At the end of
the month followed after the month in which the loan has been
taken
To be agreed
upon
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treatment costs
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treatment costs:
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EUR 3.500,00
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Closer agreements
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Handing in of:
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Annual report:
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each year before the 30 th of June
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Pawning lists
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Per month
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Validity
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The financing offer is valid till the 20 th of July
2005.
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On the
following pages the financing offer is written in more detail.
Further
details of financing offer
Loan of
Euro 500.000,00
The loan will
be supplied by The cooperative Rabobank Zwolle U.A., established in
Zwolle, hereafter called Bank (severally) to,
TP&T (TOR
Processing & Trade) B.V.
Established in
Rotterdam
Trade register
number H050683840000
Loan is
administered at name of
TP&T (TOR
Processing & Trade) B.V.
For the
interest the Bank offers the following options:
-
Rabobank Variable Plus Loan: At the moment 6% per year, to be paid
retrospectively per month for the first time at the end of the
month of withdrawal of the loan.
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The interest follows the general developments on the money- and
capital-market and can be changed by the Bank at all times.
-
Interest fixed for 3 years; at the moment 5,8 % per year,
