EX-10.18
from S-1/A
2 pages
Lender: Hal Mintz (The “Lender”) or Any of His Affiliates or Subsidiaries Designated by the Lender. Purpose: The Proceeds of the Loan Shall Be Used by the Borrower for General Working Capital Purposes. Loan Agreement: The Loan Shall Be Further Evidenced by a Loan Agreement and Certain Other Loan Documents Required by the Lender (The “Loan Documents”). the Parties Agree to Enter Into the Loan Documents as Soon as Practicable, but Advances to Borrower May Still Be Requested Prior to Execution of the Loan Documents. the Loan Agreement Shall, in Addition to the Covenants, Representations and Warranties Contained Herein, Contain Such Agreements, Representations, Warranties and Financial Affirmative and Negative Covenants, Defaults as May Be Customary in Transactions of This Type to Evidence and Assure Repayment and Performance of the Loan (Collectively, the “Obligations”). Loan Amount: The Loan Shall Be in the Form of a Revolving Line of Credit in an Amount Equal to $5,000,000. Term: The Loan Shall Be Repayable in Full on August 31, 2025 (The “Maturity Date”)
12/34/56