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Previous: HUGO INTERNATIONAL TELECOM INC, SB-2, EX-4.2, 2000-08-11 |
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<PAGE> 1
EXHIBIT 10.1
HUGO INTERNATIONAL LTD
6 WATERSIDE DRIVE
LANGLEY BUSINESS PARK
LANGLEY
SLOUGH
BERKSHIRE SL3 6EZ
Tel +44 (0) 1753 542828
Fax +44 (0) 1753 543131
E-mail [email protected]
26 June 2000
David Foden
Hugo International Ltd.
6 Waterside Drive
Langley Business Park
Slough
SL3 6EZ
Dear David:
This letter is to record the terms on which a loan has been made by you to Hugo
International Limited. The loan is and does not have a term but the Company
acknowledges that you may recall it in on 28 days notice.
Interest is payable on an annual basis at the rate of 11% per annum. Security is
not required.
Yours sincerely,
Mike Christmas
Director
Registered in England No. 2757258
VAT No. 606 0218 83
-4-
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