EX-10.(1)
from 8-K
~5
pages
Seaside National Bank and Trust (Snbt), a National Bank (The "Bank"), Has Conditionally Approved a $980,000 Loan (The "Loan") for Your Company. the Conditional Approval Is Based Upon the Accuracy of All Facts, Statements and Financial Information Submitted to the Bank as Part of the Request for the Loan. It Is Also Conditioned Upon the General Terms Outlined Below (The Terms Hereof Are Not Inclusive of All Loan Terms and Additional Terms and Conditions May Be Contained in the Loan Documents) and Subject to Execution and/or Delivery of All Documents Required by the Bank in Connection With the Closing of the Loan. Borrower: Bioheart, Inc. Purpose: To Support Working Capital, Refinance Existing Note With Bank of America. Loan Amount: $980,000.00 Repayment Terms
12/34/56