Interest and Amortization. The loan will bear interest of 6% p.a. effective of the date of receipt of the loan. Amortization and interest will be redeemed as of June 30, 2007 at the latest. Sangui is entitled to redeem the loan either in cash or by providing shares of common stock, valued at 50% of the average Hamburg OTC trading price of Sangui’s stock over the four weeks preceding the redemption.
Appears in 2 contracts
Sources: Loan Agreement (Sangui Biotech International Inc), Loan Agreement (Sangui Biotech International Inc)