Signed in Lod on December, 31 st 2006
Therefore, the parties agreed as follows:
Future IT Ltd. - Private Company 51-3556027
(Hereinafter: the Company)
of the one part
DataSafe Group Ltd. - Private Company 513865279
(Hereinafter: the Lender)
of the other part
the Company asked for a loan with the conditions specified in this agreement;
the Lender is prepared to lend to the Company the loan amount hereinafter with the conditions specified in this
The above introduction constitutes an integral part of the agreement.
The Lender undertakes to give the Company a loan in the amount of $650,000 (six hundred fifty thousand US dollars)
(hereinafter: the Loan). The loan will be given on December 31 st 2006, or upon signing the agreement.
Loan payback period: not later than 54 months from the date of signing the loan agreement.
The loan payback will be paid to the Lender US Dollar-linked according to the Bank of Israel representative rate
(hereinafter: US Dollar) on the due date of each repayment of the loan.
During the 18 months starting on January, 31 st 2007, the Company will pay interest payments in LIBOR rate + 1.75% per
Starting from July, 31 st 2008 (the 19 th month) and during 36 months, the Company will pay each month capital
repayments in the same amount of 18,055 dollar each payment. In addition to the capital payment, there will be interest on
the non-cleared collectible balance.
In witness whereof the parties hereunto set their hands:
The loan will have interest that is identical to the interest paid by the Company for a loan received from Israel Discount
Bank Ltd. (hereinafter: the Bank) for the amount of $500,000, according to the loan agreement dated December, 20 th 2006
and the loan agreement instructions between the Company and the Bank regarding the binding interest and the loan
payment will apply on the Company and will be