Nevada
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000-53183
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98-0542529
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification Number)
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Health: Hospitals, Rural Clinics and Mobile Clinics; according to the proposal submitted by Kallo Inc. and approved by the Ministry of Health.
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Agriculture: development of 20,000 hectares of land along the rivers Milo and Sankarani;
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Infrastructures: construction of Kankan-Kérouané road, Kankan-Mandiana;
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Water: Serving the city of Conakry and cities in the interior of the country
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Exhibits
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Document Description
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10.1
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Partnership Framework Agreement between The Ministry of Economy and Finance of the Republic of Guinea
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KALLO, Inc.
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Date: September 27, 2018
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By:
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JOHN CECIL
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John Cecil, President and Chief Executive Officer
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Seal of Grissag Ag Ltd. (Grissag) Companies - Initials Pieter van der Merwe
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Seal of Kallo Inc. USA and Canada - Initirals of John Cecil
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Unknown Initials
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that the company Kallo Inc. proposes to the government the mobilization of funding for public infrastructures.
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that the Guinean government is looking for funding opportunities for some projects of the National Economic and Social Development Plan (PNDES).
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that Kallo Inc. states that it has the ability to mobilize significant resources for the realization of public service infrastructures.
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that the company Kallo Inc. claims to provide a complete end-to-end solution in the construction of health infrastructures, including the construction of hospitals, mobile clinics, supply, installation, integration, maintenance , training and support of hospital and medical equipment. That it has innovative technology that enables seamless clinical and administrative workflow, in the environment of paperless and filmless clinics, as well as clinical support through real-time telemedicine, administrative support for technology, biomedical engineering, a supply chain and rapid integration.
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Seal of Grissag Ag Ltd. (Grissag) Companies - Initials Pieter van der Merwe
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Seal of Kallo Inc. USA and Canada - Initirals of John Cecil
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Unknown Initials
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that GRISSAG AG, claims that in September 2015, it founded the Joint Venture Project, for funding from Holding AG ("JV Holding"), an investment company that shares premises with GRISSAG AG in Theunnissen. Since then, new international partners have joined JV Holding as shareholders.
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that JV Holding's mission is to build a global network of commercial banks and project financing. GRISSAG AG is the technical partner and manager of JV Holding and its network of banks.
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that GRISSAG AG, works with a growing range of reputable customers from different backgrounds. Recent clients include international financial institutions such as the Southern African Development Bank, the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD) and the Asian Development Bank (ADB), as well as a growing number of private commercial banks and investment funds. Grissag AG has entered into a joint venture agreement with Rosatom Nuclear Power Company, which is currently the world leader in enriched uranium. Grissag AG is also in partnership with Alania Petroleum Madrid, Rosneft Russia and Maritime Shipping Company.
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Health: Hospitals, Rural Clinics and Mobile Clinics; according to the proposal submitted by Kallo Inc. and approved by the Ministry of Health.
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·
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Agriculture: development of 20,000 hectares of land along the rivers Milo and Sankarani;
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·
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Infrastructures: construction of Kankan-Kérouané road, Kankan-Mandiana;
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·
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Water: Serving the city of Conakry and cities in the interior of the country.
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Seal of Grissag Ag Ltd. (Grissag) Companies - Initials Pieter van der Merwe
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Seal of Kallo Inc. USA and Canada - Initirals of John Cecil
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Unknown Initials
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Seal of Grissag Ag Ltd. (Grissag) Companies - Initials Pieter van der Merwe
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Seal of Kallo Inc. USA and Canada - Initirals of John Cecil
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Unknown Initials
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Ensure that eligible sectoral projects are identified and prioritized
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Designate Guinean project management officers;
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Respect the repayment conditions throughout the loan period;
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Timely validation of the studies submitted for its consideration.
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Seal of Grissag Ag Ltd. (Grissag) Companies - Initials Pieter van der Merwe
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Seal of Kallo Inc. USA and Canada - Initirals of John Cecil
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Unknown Initials
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Seal of Grissag Ag Ltd. (Grissag) Companies - Initials Pieter van der Merwe
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Seal of Kallo Inc. USA and Canada - Initirals of John Cecil
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Unknown Initials
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Seal of Grissag Ag Ltd. (Grissag) Companies - Initials Pieter van der Merwe
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Seal of Kallo Inc. USA and Canada - Initirals of John Cecil
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Unknown Initials
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1
PARTIES
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Arranger (lender group):
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TBA
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Borrower:
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Government of Guinea
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Lender:
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Grissag AG (PTY) Ltd
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Guarantor:
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Government of Guinea
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2
ESTABLISHMENT
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Description of the installation:
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Grissag AG (PTY) Ltd will make available to the borrower US $8 billion subject to the terms and conditions agreed to by both parties and included in the financing agreement.
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Financing currency:
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USD
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Installation amount:
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Eight (8) billion USD progressively with health projects for immediate implementation (1.7 billion USD)
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Effective date:
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The date on which the transaction documents are concluded and become legally binding
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Instrument
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Long term loan
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Term:
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Maximum of 30 years
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Final due date:
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One (1) year and one (1) day from the date of issue and delivery of the acceptable letter of guarantee, duly confirmed and accepted as payable at the wickets at maturity of the banks accepted by the lender. The guarantee will be automatically renewable at the end of each year.
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Goal:
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Kallo Inc. Projects Listed in Loan Agreement
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Loan Availability Period:
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Within twenty-one (21) banking days following the receipt and verification of each SWIFT guarantee by the guarantor of the lender concerned, provided however that said schedule considers that each of the guarantees is duly provided according to the discretion and specifications of the borrower, in his unique, though reasonable, discretion.
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Seal of Grissag Ag Ltd. (Grissag) Companies - Initials Pieter van der Merwe
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Seal of Kallo Inc. USA and Canada - Initirals of John Cecil
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Unknown Initials
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3
PRICE
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Basic rate:
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Fixed interest rate
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Interest rate:
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Fixed interest rate of 1.5%
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Reference rate:
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Fixed interest rate
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Penalty interest on late payments:
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0.5% rate per month
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Other expenses:
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The Customer shall pay the Facilitators a commission of 0.3% within 7 days of receipt of the Funder's funds from the Facilitators of this Agreement.
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4
REPAYMENT AND PREPAYMENT
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Refund:
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A grace period of 5 years as follows: There will be no refund for three (3) years, the interest due will be capitalized during this period. Follow-up of semi-annual interest payments only for the next two (2) years. Proceeds by half-yearly repayment of capital and interest. Repayment of principal will be amortized in equal installments until the end of the loan. Any refund due will be made on the due date of repayment and no later than three (3) business days after the due date of repayment according to the repayment schedule attached. The refund must be made in USD without any deduction in the account specified by the lender.
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Loan Payment
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Payments will be made in accordance with the loan agreement.
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Voluntary prepayment
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Prepayments are acceptable. Conditional of the maturity of the guarantee annually. The Borrower may repay all or part of the balance of the outstanding principal and accrued interest, giving an early redemption request with advance notice of at least one (1) month specifying:
(i) The amount of the prepayment
(ii) Early Redemtion Date
An "Advance Payment Request" means a written request from the Borrower to the Lender to prepay all or part of the Loan. An "Advance Payment Amount" means the amount of the Principal Balance and accrued interest that must be paid in advance by the Borrower. An "Early Payment Date" means the date, which must be a Payment Due Date, on which the Borrower proposes to prepay an Early Redemption Amount. To facilitate the calculation, the total amount of the early redemption will first be used to offset any interest due at the time of the request and the second will be used to reduce the capital balance due at the time of the prepayment request.
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Seal of Grissag Ag Ltd. (Grissag) Companies - Initials Pieter van der Merwe
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Seal of Kallo Inc. USA and Canada - Initirals of John Cecil
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Unknown Initials
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Seal of Grissag Ag Ltd. (Grissag) Companies - Initials Pieter van der Merwe
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Seal of Kallo Inc. USA and Canada - Initirals of John Cecil
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Unknown Initials
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Cancellation:
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No lender or borrower will have the right to cancel this agreement without the payment of a penalty of one percent of the face value of this contract by the Lender or Borrower to the Lender's Group and the non-cancelling Lender or Borrower. If the Lender and the Borrower mutually agree to cancel this Agreement, the Lender Group will receive from the Lender and the Borrower Compensation calculated as a reasonable loss to the Lender Group by such cancellation.
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7
NCNDA
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Non-disclosure
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The parties irrevocably agree not to disclose or disclose directly or indirectly to any unauthorized person or entity any confidential information provided by one party to another, including but not limited to the terms of the agreement, the product information relating to the product. the identity of sellers, producers, buyers, lenders, borrowers, distributors, refiners, manufacturers, technology owners or their representatives, as well as names, addresses, directors or telex/fax/telephone numbers, product or technology references information and/or other information deemed confidential or privileged within the broadest possible scope of the project or transaction without the prior written consent of the party or parties generating or having ownership of that information.
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Non-circumvention:
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The parties agree not to circumvent or attempt to circumvent this agreement for the purpose of obtaining fees, commissions, remunerations or circumvention considerations would otherwise be considered the legitimate property of one or more of the parties.
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Free market:
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For the purpose of the non-circumvention restriction, the Borrower and the Lenders and their respective structures and the associated third parties are considered as customers and financial partners of the ("Arranger") with benefits equal to the ration provided for in this Agreement to pay to the Arranger for all transactions with the Lender and the Borrower/or their related parties for a period of five (5) years from the date of signing hereof.
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Signatories:
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ACCEPTED AND AGREED WITHOUT MODIFICATION by the Borrower and the Lender.
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Seal of Grissag Ag Ltd. (Grissag) Companies - Initials Pieter van der Merwe
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Seal of Kallo Inc. USA and Canada - Initials John Cecil
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Unknown Initials
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For the Republic of Guinea
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Seal
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/x/ illegible
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Hon. Mamadi Camara
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Ministere de l'Economie et des Finances
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Rep. de Guinee |
Minister of Economy and Finance
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For KALLO Inc. | |
Seal | |
JOHN CECIL | |
John Cecil | Kallo Inc., USA and Canada |
Chairman, President and CEO | |
For GRISSAG | |
Seal | |
Grissagag Ltd. United Kingdom | |
Pieter van der Merwe | |
Grissagag Ltd. United Kingdom | |
Director and COO |
Seal of Grissag Ag Ltd. (Grissag) Companies - Initials Pieter van der Merwe
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Seal of Kallo Inc. USA and Canada - Initials John Cecil
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Unknown Initials
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Seal of Grissag Ag Ltd. (Grissag) Companies - Initials Pieter van der Merwe
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Seal of Kallo Inc. USA and Canada - Initials John Cecil
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Unknown Initials
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