Moving iMage Technologies Inc. Watch

from 10-Q 16 pages Mit Has Agreed to Lend the Five Agency Three Hundred Thousand Dollars and No Cents ($300,000.00) Under This Letter Agreement (“Mit Loan”). the Five Agency Shall Incorporate a Separate Florida Corporation, Sndbx, Inc (“Sndbx”) to Conduct That Business. as a Portion of the Consideration Payable to Mit Under the Loan, Upon the Formation of Sndbx, the Five Agency Will Cause Sndbx to Issue Mit Five Percent (5%) of the Equity of Sndbx (“Mit Equity Interest”). Mit Shall Have the Right to Participate in Any and All Future Capital and Debt Offerings by Sndbx. 1.the Mit Loan. (A)subject to the Satisfaction of the Conditions Described in This Letter, Mit Will Lend $150,000 to the Five Agency LLC With Interest Only at 10% Per Annum Payable ​ ​

from S-1/A 18 pages Loan Agreement Dated as of October 24, 2019 (The “Closing Date”) by and Between Agility Capital III, LLC (“Agility” or “Lender”) and Moving iMage Technologies, LLC (“Mit”) and Mit Acquisition Co. LLC (“Caddy”) Total Credit Amount: Up to $1,000,000