0001144204-09-035826 Sample Contracts

AMENDMENT TO LOAN AGREEMENTS
Loan Agreements • July 2nd, 2009 • Elephant Talk Communications Inc • Telephone communications (no radiotelephone)

THIS AMENDMENT (this “Amendment”) to the Loan Agreement dated January 27, 2009, the Loan Agreement dated February 15, 2009, the Loan Agreement dated March 4, 2009, the Loan Agreement dated March 31, 2009, the Loan Agreement dated May 4, 2009 and the Loan Agreement dated May 27, 2009 (collectively, the “Loan Agreements”) by and among QAT II Investments SA (“Lender”) and Elephant Talk Communication, Inc. (“Borrower”), is entered into by the parties hereto as of this 29th day of June, 2009.

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LOAN AGREEMENT
Loan Agreement • July 2nd, 2009 • Elephant Talk Communications Inc • Telephone communications (no radiotelephone)
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