EXHIBIT 10.3
CREDIT CONTRACT
Santiage Chile, October 3, 1997, between Kentucky Foods Chile S.A., represented
by ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, and Inversiones e Inmibiliaria Kyoto Limitada,
represented by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, both commercial residents are at ▇▇▇▇▇▇▇▇▇▇ ▇▇.
▇▇, ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇. The following has been agreed:
FIRST: Inversiones e Inmobiliaria Kyoto will lend Kyoto Foods Chile S.A. the
amount of $128,976,841 (*Fomento Units as of December 31, 1997) in accordance
to the laws of Book IV, Title XXXI of the Civil Law and the Law 18.010.
SECOND: The indebted is obligated to restore the amount indicated during the
course of the year 1998. This amount will earn an interest of 9% annually. In
case of late payment this amount will earn the maximum interest permitted by law
between the date that is late until the payment is received.
THIRD: For all the legal effects of this contract, all the participants are all
residents of the city of Santiago.
It is stated that the legal capacity of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ to represent
Inversiones e Incmobilibaria Kyoto Limitada is established in the public
documents dated November 30, 1995, notarized by ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, notary
public of Santiago Chile.
The legal capacity of ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to represent Kentucky Foods Chile
S.A. is approved by the Public Documents dated October 21, 1994, notarized by
the Notary Public of Santiago Chile ▇▇▇▇▇▇▇ de ▇▇ ▇▇▇▇▇▇ Fabres, referred to in
the recorded of proceeding of the Directors of Sociedad Kentucky Foods Chile,
S.A., dated October 23, 1995, notarized by ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Laso.
/S/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ /S/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ CORRENO
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▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Correno
Inv. e Inmob. Kyoto Ltda. Kentucky Foods Chile S.A.