REVOLVING LOAN AGREEMENT FOR CATALYSY LIGHTING GROUP, INC.
FOR
CATALYSY LIGHTING GROUP, INC.
THIS
REVOLVING LOAN AGREEMENT (the “Agreement”)
is
made and entered into as of August 22, 2007, by and among Xxxxxxx Investments,
LLC, a Delaware limited liability company (the "Lender") and Catalyst Lighting
Group, Inc. a Delaware corporation (the “Borrower").
1. The
Lender agrees to make advances to the Borrower from time to time at the request
of the Borrower. The advances outstanding shall not exceed $30,000.
2. The
Borrower shall repay the outstanding advances from time to time, in whole or
in
part. All advances outstanding shall be due and payable in full on October
22,
2007.
3. The
advances shall bear interest commencing September 22, 2007 at a rate of 6%
per
annum.
4. The
parties hereto shall maintain a schedule of advances and payments hereunder
which is attached hereto.
IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first
above written.
CATALYSY
LIGHTING GROUP, INC.
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By: | /s/ Xxxxx X. Xxxxxxx | |
Xxxxx X. Xxxxxxx, Chief Executive Officer |
XXXXXXX
INVESTMENTS, LLC
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By: | /s/ Xxxxxxx X. Xxxxxxx | |
Xxxxxxx X. Xxxxxxx, President |
Schedule
of Advances and Payments
Date
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Advance
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Payment
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Balance
Outstanding
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8/27/07
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$
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25,000.00
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0
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$
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25,000.00
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9/5/07
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$
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5,000.00
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0
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$
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30,000.00
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9/19/07
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0
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$
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30,000.00
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0
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