Loan Conditions. A Shareholder may issue a loan to the Corporation upon approval by the Board of Directors and only under the following conditions, unless otherwise agreed upon. The loans shall be unsecured and at interest rates no greater than 10% per annum, without the approval of all Shareholders.
Appears in 2 contracts
Sources: Shareholder Agreement (Bitzumi, Inc.), Shareholder Agreement (Bitzumi, Inc.)