PrincetonCapital Corp. has entered into a loan agreement and relatedsecurity agreement with CEO Munish Sood to borrow $470,000.

The company used the term loan to make a deposit in connectionwith the purchase on margin of approximately $47 million in U.S. Treasury billson or before Sept. 30.

The bills will be sold on or before Oct. 7, and the loanwill be repaid in full, together with interest at an annualized rate of 10% perannum, on or before Oct. 8.