Article 3 Repayment of the loan, prepayment

The Loan should be repaid in nine (9) equal semiannual installments in accordance with the schedule set out in Exhibit B attached hereto.

The Borrower shall have the right to prepay the then outstanding balance of the LOAN in whole on any Interest Payment Day only, without any premium or penalty, as long as at least 60 calendar days prior written notice is given, together with the Interest accrued and any other amounts then due.

Each reference herein to Dollars is of the essence. The obligations of the Borrower in respect of any amount due hereunder shall, notwithstanding any payment in any other currency (whether pursuant to a judgement or otherwise), be discharged only to the extent of the amount in Dollars that the Lender may, in accordance with normal banking procedures, purchase with the sum paid in such other currency (after any premium and cost of exchange) on the business day immediately following the day on which the Lender receives such payment. Any obligation of the Borrower not discharged by such payment shall be due as a separate and independent obligation and until discharged as provided herein, shall continue in full force and effect.

The Borrower shall use the Loan solely for the payment on behalf of the Buyer of the purchase price of the Equipment purchased by the Buyer under Addendum. The parties hereto to explicitly understand and agree that, notwithstanding any dispute, breach or default concerning the purchase Contract and/ or the Addendum, the provision of this Agreement, including, without limitation, the Borrower’s obligations to fully repay the Loan and pay all Interest as provided for herein, shall unchanged and fully enforceable by the parties hereto.