Dci Usa – Share Acquisition Option Agreement That Was Prepared and Signed in Tel Aviv on the 5th of the Month of December, 2007 (December 18th, 2007)
Without derogating from any other provision or representation in this Agreement it is stressed, that the Consideration For the Shares is based on all other figures in the Balance Sheet and financial statement annexed to this agreement as Appendix B which shall be a representation by the Conferrer towards the Recipient. Therefore, the final Consideration For the Shares shall be adapted to the amended and updated financial situation of the Company at the date of payments, according to a new and updated balance sheet audited and approved by an Israeli CPA of the Recipient. Any discrepancy or change of any nature, between the figures in the Balance Sheet shall cause the relevant and proportional correction to the Consideration For the Shares, but it is agreed between the Parties that no correction shall be done to increase the said Consideration.
Dci Usa – Loan Agreement (December 18th, 2007)
THIS AGREEMENT is entered into this 28 day of November, 2007, by and between World Group Shipping Ltd. , whose address is 3 Hayetzira St, Ramat Gan, Israel, ("Lender")
Dci Usa – Form of PROMISSORY NOTE (December 18th, 2007)
FOR VALUE RECEIVED, 231 Norman Avenue, LLC, having an address at 231 Norman Avenue, Brooklyn, NY 11222 ("Maker"), hereby covenants and promises to pay to World Group Shipping Ltd., an Israeli limited liability company, having an address at 3 Hayetzira St, Ramat Gan, Israel ("Payee"), or order, at Payee's address first above written or at such other address as Payee may designate in writing, One Million US Dollars ($1,000,000.00), lawful money of the United States of America, together with interest thereon computed at the rate of Eighteen percent (18%) per annum, on an actual day/360 day basis (i.e., interest for each day during which any of the principal indebtedness is outstanding shall be computed at the aforesaid rate divided by 360) on May 28th, 2008.