Ocean Electric Inc. Enters into Loan Agreement with Zenith Equity Group Ltd. Providing for Loan of $450,000
July 03, 2012 at 03:58 pm EDT
On June 26, 2012, Ocean Electric Inc. entered into a Loan Agreement with Zenith Equity Group Ltd. providing for a loan of $450,000.00 to the company. The Loan Agreement includes customary representations, warranties and covenants. The Loan will accrue simple interest of 3.5% on the outstanding principal amount from the date funds are advanced until paid in full and are due on or before June 27, 2015.