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LOAN AGREEMENT
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THIS AGREEMENT made the 12th day of January, 2006.
BETWEEN:
▇▇▇▇ ▇▇▇▇▇▇, of ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇,
▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇;
("▇▇▇▇▇▇")
OF THE FIRST PART
AND:
MATRIX VENTURES, INC., a company incorporated pursuant to the
laws of Nevada with an address for service at ▇▇▇▇ ▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇
("Matrix")
OF THE SECOND PART
WHEREAS:
A. Matrix requires funding in connection with its business operations in
the mineral property exploration sector;
▇. ▇▇▇▇▇▇ is prepared to loan up to $150,000 (the "Loan") to Matrix, on
certain terms and conditions contained herein;
NOW THEREFORE THIS AGREEMENT WITNESSETH that for and in
consideration of the sum of TEN DOLLARS ($10.00), and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereto agree as follows:
1. ▇▇▇▇▇▇ hereby agrees to advance Loan from time to time upon the request
of Matrix up to the maximum amount of the Loan.
2. The Loan shall be unsecured and bear simple interest at a rate of 10%
per annum, calculated in arrears on a monthly basis and continuing
until the entire Loan amount is paid in full.
3. The Loan, as well as all accrued interest shall be due and payable from
Matrix to ▇▇▇▇▇▇ on demand.
4. All funds and dollar amounts referred to in this Agreement are in the
lawful currency of United States, unless otherwise stated.
5. This Agreement shall be interpreted in accordance with the laws in
effect from time to time in the Province of British Columbia.
IN WITNESS WHEREOF the parties hereto have hereunto affixed
their respective hands, both as of the day and year first above written.
MATRIX VENTURES, INC.
/s/ ▇▇▇▇ ▇▇▇▇▇▇ PER: /s/ ▇▇▇▇ ▇▇▇▇▇▇
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▇▇▇▇ ▇▇▇▇▇▇ Authorized Signatory