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EXHIBIT 6.13
Loan Agreement
THIS AGREEMENT made on 1st October 1999, between:
M/s SR Singapore Pte Ltd, (SR)
▇ ▇▇▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Represented by ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
VP(Finance)
M/s. SolutionNet Europe Plc.(SolutionNet -Europe)
The Lansdowne Building, 2 ▇▇▇▇▇▇▇▇▇ ▇▇▇▇,
▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇ ▇▇▇, ▇▇ Represented by ▇▇. ▇▇▇▇▇ ▇▇▇▇▇
Director
WHEREAS:
SolutionNet Europe is seeking working capital from SR to commence the IT
consulting and software development services in United Kingdom and SR is
desirous of setting up a marketing operation at Europe
Now this agreement bears witnesseth to and is hereby agreed between the parties
as follows:
1. SR will provide three-year interest free loan of not more than USD
150,000 to SolutionNet Europe.
2. SolutionNet Europe will provide assistance to SR in business
development, marketing and selling of SR products and services in the
United Kingdom and in Europe for the first two years without any cost
to SR.
3. SolutionNet Europe will return the loan amount to SR before end of the
loan due date.
4. The agreement shall be construed and governed in accordance with the
laws of Republic of Singapore.
SIGNED for and on behalf of SIGNED for and on behalf of
SR Singapore Pte Ltd SolutionNet Europe Ltd
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Vice President - Finance Director
