Common use of Assignment of Loans Clause in Contracts

Assignment of Loans. On the Closing Date those Sellers that provided the Company with loans will assign these loans (the “Loans”) to the Buyer for consideration of shares of the Buyer at a price per share of $0.50, to be issued by the Buyer to the Seller. Annex Ahereto details the shares of the Buyer to be issued in respect of the Loans assignments (the “Loan Shares”). Copies of the Loans assignment agreements are attached hereto as Annex D.

Assignment of Loans. On the Closing Date those Sellers that provided the Company with loans will assign these loans (the “Loans”) to the Buyer for consideration of shares of the Buyer at a price per share of $0.50, to be issued by the Buyer to the Seller. Annex Ahereto A hereto details the shares of the Buyer to be issued in respect of the Loans assignments (the “Loan Shares”). Copies of the Loans assignment agreements are attached hereto as Annex D.