One-Time Credit Card Loan Agreement CCLA #: 82812
EXHIBIT 10.41
CCLA #: 82812
This credit card loan agreement dated August 28, 2012, is between Xxxxxxx X. Xxxxx (the card holder/”Lender”) and RedFin Network, Inc. (the card user/”Borrower”).
The intent of this agreement is that Lender will allow Borrower to charge monies only one time in the amount of $24,840.00 (Twenty Four Thousand Eight Hundred Forty Dollars, the “Loan Amount”) on the credit card number listed below owned by Lender:
VISA Ending in 2221
Lender agrees that the amount loaned shall be charged to Lenders card on August 28, 2012 and August 29, 2012 respectively. (“The Loan Date”).
Borrower agrees to repay said loan on or before September 19, 2012 (“The Loan Due Date”)
Borrower agrees that these monies will be used for the exclusive purpose of the purchase of inventory to fulfill product orders that have been placed with Borrower. These monies will be sent to ICG on August 30, 2012 for POS product purchase.
Borrower agrees that the amount borrowed/charged to credit card will be $13,800 on the 28th and $11,040 on the 29th and shall only be done once.
Repayment of any charges shall be made within 22 calendar days after charges are made and repayment shall be made in full.
As additional consideration for the aforementioned loan of funds by Lender, Borrower shall be entitled to an additional amount of $750 due upon repayment of principal.
Borrower agrees to send/transfer repayment of loan, as well as additional consideration, to Lenders Bank of America account the day before the loan due date (September 18, 2012) so that cleared funds are in Lenders account available for withdrawal on the due date.
Xxxxxxx X. Xxxxx
Bank of America
Account # 009472800998
0000 X. Xxxxxxx Xxxxx Xx
Xxxxx 000
Xxxx Xxxxxxxxxx, Xx 00000
000.000.0000/Fax 000.000.0000
xxx.XxxXxxXxx.xxx
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Lender shall supply an executed IRS Form W-9 upon the signing of this document.
Agreed to this 28th day of August, 2012.
___________________________
Signed
Xxxxxxx X. Xxxxx - Lender
___________________________
Borrower
Xxxxxxx Xxxxxxx - President
0000 X. Xxxxxxx Xxxxx Xx
Xxxxx 000
Xxxx Xxxxxxxxxx, Xx 00000
000.000.0000/Fax 000.000.0000
xxx.XxxXxxXxx.xxx
2
