LOAN AGREEMENT BY AND BETWEEN THE COMPANY AND B HOLDINGS OU DATED FEBRUARY 5, 2025
SPECTRAL CAPITAL Corp
Exhibit** 10.23**
Loan Agreement No. 1-2-25
This agreement (hereinafter referred to as the “Agreement”) was made on the 05th of February, 2025, in Tallinn.
Parties:
Lender:
B Holding OÜ, registration code 16121556, address Harju County, Tallinn, Mustamäe district, J. Sütiste tee 19a-200, 13419, represented by board member Boriss Aleksandrov (personal ID: 38006232228) (hereinafter referred to as the Lender).
Borrower:
Spectral Capital Group Corp, address 4712 Club Park Drive Hilliard OH (Ohio) 43026 USA, represented by president Jenifer Lyn Osterwalder (hereinafter referred to as the Borrower).
The Lender and the Borrower are individually referred to as a “Party” and collectively as the “Parties.”
1. Loan Amount, Term, Interest, and Late Payment Penalty
1.1. The Lender agrees to provide the Borrower with a loan of up to 100,000 EUR (one hundred thousand euros).
1.2. The purpose of the loan is for the Borrower to develop its business activities and make investments.
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