RECITALSMaintenance Agreement • August 14th, 1997 • Summit Design Inc • Services-prepackaged software • California
EXHIBIT 10.21 Date: May 20, 1997Summit Design Inc • August 14th, 1997 • Services-prepackaged software
The loan must be repaid out of Mr. Moshe Guy's proceeds of selling his house and his stock in Summit Design Inc. The loan will be paid back within 5 years unless Mr. Moshe Guy leaves the company and in that case the loan will be paid back immediately. Summit is to effect a security interest in Mr. Moshe Guy's new home (first position) and in his Summit Stock.
