LOAN AGREEMENT

No AL-XI-2014

Baar / Cham
on the: 02.02.2015

This Loan Agreement ("Agreement”) is made, signed and came into force on this 2nd day of February
2015 by and between:

Alpenbach Holding AG, a company incorporated under the laws of Switzerland, having its registered
office at Rosenweg 3, 6340 Baar, Switzerland, represented by Walter Pollak. acting on the basis of the
Articles of Association, hereinafter referred to as the "Debtor", which expression shall include all
assigns, assignees and successors in title of the Debtor, and

Xerrex Industries AG, a company organized and existing under the law of Switzerland having its legal
address at Gewerbestrasse 5, 6330 Cham, Switzerland, represented by Felix Faeh, acting on the
basis of the Articles of Association, hereinafter referred to as the “Creditor”, which expression shall
include all assigns, assignees and successors in title of the Creditor.

Debtor and Creditor are referred to hereinafter either individually as “Party” or collectively as “Parties”.

WHEREAS, the Parties mutually declare that they have the authority and desire to enter into this
Agreement,

NOW THEREFORE and in consideration of the premises and the mutual covenants set out
hereinafter, the Parties agreed as follows:

1. DEFINITIONS

In addition to the defined terms contained in the preamble above, as used herein, the following terms
shall have the following definitions:

1.1. The term "this Agreement" means this Loan Agreement, any current or subsequent riders or
appendixes to this Loan Agreement, and any extensions, supplements, amendments or
modifications to or in connection with this Loan Agreement and/or to any such riders or
appendixes.

1.2. The term "Business Day" means any day other than a Saturday, Sunday or holiday on which
banks in the Switzerland are authorized by law to close.

1.3. The term "Loan Documents" means collectively this Agreement and any other agreements
entered into between Debtor and Creditor in connection with this Agreement

1.4. The term "Debt" means the principal of, premium, if any, interest on, and any other payment
due, whether outstanding at the date hereof or hereafter incurred or created

Other Definitional Provisions

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References to "Sections", "Subsections", "Appendixes" or "Addendums" shall be to sections,

subsections, appendixes or addendums, respectively, of this Agreement unless otherwise
specifically provided. Any of the terms defined in Section 1 may, unless the context requires
otherwise, be used in the singular or the plural depending on the reference.

In this Agreement, words importing any gender include the other genders; the words
"including," "includes" and "include" shall be deemed to be followed by the words "without
limitation"; references to agreements and other contractual instruments shall be deemed to
include subsequent amendments, assignments, and other modifications thereto, but only to
the extent such amendments, assignments and other modifications are not prohibited by the
terms of this Agreement; references to any person includes their respective permitted
successors and assigns or people succeeding to the relevant functions of such persons;
and all references to statutes and related regulations shall include any amendments of
same and any successor statutes and regulations.

2. PAYMENT

2.1. The Creditor agreed to lend to the Debtor the sum (the “Loan”) in EUR or its equivalent of
EUR 85'802.05 (eighty five thousand eight hundred and two 5/100) Euro, and the Debtor
shall be obligated to return the Loan according to provision specified in Clause 3.3. The
Loan shall be used for the purpose of financing the operations of the Debtor.

3. RECEIPT

3.1. The Debtor shall transfers the Loan funds to the bank account of the Creditor as specified in
Article18 of this Agreement.

3.2. The calculation of the Loan is specified in the Set-off Declaration signed by the Parties on
02.02.2015:

3.3. The Debtor shall return the Loan funds as per the conditions provided in the Clause 4.2.,
from the date of the signing of the Set-off Declaration according to Clause 3.2.of this
Agreement.

3.4. The currency of the Loan repayment is EUR or its equal amount in any other currency.

3.5. The interest rate for the Loan under this Agreement is 2.5 per cent per annum for the
relevant loan amount from the date of its commencement for the first year. After the first
year the Creditor may charge an annual interest rate of Libor + 2 per cent, provided that the
Creditor has given the Debtor notice 2 months in advanced.

3.6. If the Debtor fails to return the Loan funds as stated in Clause 3.3.of this Agreement, the
interest rate for the unreturned part of the Loan should amount to 6 (six) per cent per annum
calculated from the date of expiration of the Loan repayment term.

4. TERMS

4.1. This Agreement comes into force from the date of signing by the Parties and is valid until
complete fulfilment of the obligations by the Parties.

4.2. The Loan shall be raised by the Debtor to the Creditor through bank transfer within 1 (one)

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 LOAN AGREEMENT No No AL-XI-2014

year from the commencement date of this Agreement unless the Parties agreed for an
extension of the Loan period which Party have to specifyin writing in a separate Addendum
to this Agreement.

4.3. It is agreed that Commencement Date of the Loan is the day of the signing of the set-off
declaration.

4.4. This Agreement is terminated if:

(a) Debtor returns the Loan to the Creditor.

(b) Parties agree to terminate the Loan Agreement.

(c) There are other grounds for the termination provided by governing law.

5. CONFIDENTIALITY

Each Party agree to keep confidential all information marked confidential, or which by its nature can
be reasonably be taken to be confidential, received from the other Party in respect
to this Agreement, maintain the following matters in the utmost secrecy and confidence:

5.1. All oral communications, representations and information of any nature made by the Parties
and/or their advisors pursuant to the conclusion of this Agreement.

5.2. All documents, data, reports, recordings, records, or information of any nature in any media
which were supplied or conveyed prior to or after the conclusion of this Agreement and/or
pursuant to this Agreement.

6. NOTICES

6.1. All notices, claims and other documents required to be given pursuant to this Agreement
shall be in writing and be sent to the fax or e-mail of the Party to be served as set out in this
Agreement. Any notice shall be marked for the attention of the Director. All notices shall be
delivered when the proper answer back code is received by the sender of the fax or e-mail.

6.2. On all notices sent by abovementioned ways, the Party received such notice is obliged to
give the answer within two working days.

6.3. For the purpose of this Agreement, any and all notices between the Parties will be given at
the following addresses:

To Debtor: Alpenbach Holding AG; to the attention of: Walter Pollak, Address: Rosenweg 3,
6340 Baar, Switzerland, with a scanned copy to walterimc@live.com

To Creditor: Xerrex Industries AG to the attention of: Felix Faeh Address: Gewerbestrasse 5,
6330 Cham, Switzerland, with a scanned copy to faeh@interis.ch,

6.4. Each Party may change the address to which notice must be sent by giving written notice of
such change to the other party in the manner provided herein.

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 LOAN AGREEMENT No No AL-XI-2014

7. FORCE MAJEURE

The Force Majeure (Exemption) provisions of the International Chamber of Commerce (ICC
Publication № 421) will apply to this Agreement.

8. GOVERNING LAW

8.1. This Agreement is governed by and shall be construed in accordance with the Laws of
Switzerland.

8.2. Both parties to this Agreement acknowledge and confirm that any dispute, litigation,
interpretation, damages or loss which arise directly or indirectly as a result of this Agreement
shall be subject to the Laws of Switzerland and no other jurisdiction shall be applicable.

9. LANGUAGE

The Agreement is prepared in the English language only.

10. DISPUTE RESOLUTION

All the disputes and differences which may arise out of the present Agreement or in connection with
same are to be settled, without resource to common law courts, by International Commercial
Arbitration Court in accordance with the rules of procedure of the above Court the awards of which are
final and binding upon both Parties.

11. ATTORNEYS’ FEES

If either Party commences any action or proceeding against the other Party to enforce this Agreement,
the prevailing Party in such action or proceeding shall be entitled to recover from the other Party the
actual attorneys' fees, costs and expenses incurred by such prevailing Party in connection with such
action or proceeding and in connection with enforcing any judgment or order thereby obtained.

12. SEVERABILITY

If any provision of this Agreement is held to be void, the remaining provisions shall remain valid and
shall be construed in such a manner as to achieve their original purposes in full compliance with the
applicable laws and regulations.

13. SOLE AGREEMENT

This Agreement is intended to be the sole and complete statement of the obligations and rights of the
parties as to all matters covered by this Agreement, and supersedes all previous understandings,
agreements, negotiations and proposals relating thereto.

14. SUCCESSORS AND ASSIGNS

This Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors. This Agreement shall not be assigned by either Party without the prior written
consent of the other Party.

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 LOAN AGREEMENT No No AL-XI-2014

15. EXECUTION IN COUNTERPARTS

This Agreement is prepared in 2 (two) originals copies that have the same strength and legality. Each
Party will retain an original copy signed by both parties to work according to.

16. EFFECT OF HEADINGS

The headings to the Sections, Subsections, Appendixes and Addendums of this Agreement shall not
affect the construction of this Agreement.

17. MODIFICATIONS

No amendment to this Agreement shall be valid unless executed in writing and signed by the Parties
hereto.

18. BANK DETAILS

18.1. Debtor – for EUR transfers

Bank: BPS (SUISSE)

Bank Address Zurich, Switzerland

SWIFT Code POSOCH22

in favour of Alpenbach Holding AG, Rosenweg 3, 6340 Baar, Switzerland

IBAN: CH83082520242088C000E

18.2. Creditor

Bank: VP Bank AG

Bank address: Aeulestrasse 6, 9490 Vaduz, Liechtenstein

SWIFT Code VPBVLI2XXXX

in favour of Xerrex Industries AG, Gewerbestrasse 5, 6330 Cham

IBAN: LI7708805503965670001

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 LOAN AGREEMENT No No AL-XI-2014

Baar / Cham
on the:02.02.2015

Creditor

Felix Faeh Signature

Debtor

Walter Pollak Signature

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