This Credit Agreement (this " Agreement "), dated as of November 15, 2008 (the "
Effective Date "), is made by and among Gateway Certifications, Inc. a Nevada corporation the
" Borrower ") and Kwajo Sarfoh, an individual (the " Creditor ").
W I T N E S S E T H
WHEREAS , the Borrower desire to obtain credit from the Creditor for working capital
and other general business purposes; and
WHEREAS , the Creditor is willing to extend credit to the Borrower on the terms and
subject to the conditions hereinafter set forth.
NOW, THEREFORE , in consideration of the premises and the mutual covenants and
agreements set forth herein, and other good and valuable consideration exchanged between the
parties, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as
ARTICLE I – DEFINITIONS
Section 1.1 Definitions . In addition to terms defined elsewhere in this Agreement, the
following terms have the meanings indicated which meanings shall be equally applicable to both
the singular and the plural forms of such terms:
1.1.1 " Credit Extension " shall mean the extensions of credit by the Creditor to the
Borrower on any given Credit Extension Date.
1.1.2 " Credit Extension Date " shall mean the date as of which a Credit Extension is
1.1.3 " Default " means any event which, with the lapse of time, the giving of notice,
or both, would become an Event of Default.
1.1.4 " Indebtedness " of any Person shall mean (i) all indebtedness or liability for
borrowed money or for the deferred purchase price of any property (including accounts payable
to trade creditors under customary trade credit terms) or services for which the Person is liable
as principal, (ii) all indebtedness (excluding unaccrued finance charges) secured by a Lien on
property owned or being purchased by the Person, whether or not such indebtedness shall have
been assumed by the Person, (iii) any arrangement (commonly described as a sale-and