EX-2
from 10-Q/A
3 pages
Loan Agreement This Agreement Is for Messrs (Jan) Hoogstrate and (Albertus Wilhelmus Maria) Ebben (Together "He") Proposal to Fund the Purchase of the 51% Stake in C= Holdings B.V. ("Brand Company") on the Date of February 8, 2010. Whereas: Reunite (Investments Inc.) Holds Already 49% of the Brand Company and May Acquire the Other 51% Shares for Euro 300,000 From the Liquidator of Nedfield. the Judge in the Liquidation Has Indicated That the Latest Date for Payment Shall Be February 11, 2010. the Asian Business Partners – Despite Repeated Guarantees – Are Not Able to Fund the Transaction Before March 10 (2010). Proposal: Asiarim (Corporation) / Reunite Presented a Written Proposal for the Funding From He of Euro 400,000. Consideration: To Secure the Original Equity Investment of Around Euro 4 Million (In Reunite) Three Years Ago, He Issued a Bankers Guarantee (To Reunite) in the Amount of Usd 500,000, That Was Collected Immediately. in the Following Period, Asiarm Requested He for Further Financial Support Increasing the Risk on the Loans Currently Outstanding From He to Reunite, Now Amounted to About Euro 900,000. Asiarim Now Requested for Euro 400,000 of Financing. Despite the Positive Outlook, the Overall Risk Is Increasing Disproportionately High. Now It Is Hereby Agreed: With Respect to the New Proposed He Funding, the Amount Will Not Be More Than Euro 300,000 Plus Other Funds Required for Settling Ongoing (Legal) Proceedings; Therefore the Maximum of the Loan Is Euro330,000 ("Loan"). This Loan Will Be Granted to Asiarim. in Accordance With the Terms and Conditions of the Existing Loan Agreement (With Reunite), He Will Have a Pledge on the 51% Stake in the Brand Company
12/34/56
