LOAN AGREEMENT Duly made and executed on this 1 day of October, 2009 By and Between FutureIT, Inc. Of 4 HaMlacha St. Industrial Zone, Lod, Israel (hereinafter the “FIT”)Loan Agreement • November 10th, 2009 • Futureit, Inc. • Services-prepackaged software
WHEREAS FIT has requested a loan from the Lender in the sum of up to 500,000 (five hundred thousand) US Dollars (hereinafter the “Loan”) to be granted to the Borrower, a fully owned subsidiary of FIT, and the Lender has agreed to grant the Loan to the Borrower on the terms hereinafter;
