Kishore Mamillapalli 44445 Overland Ave. Culver City, CA 90230 October 2, 2011
Exhibit 10.3
Xxxxxxx Xxxxxxxxxxxx
00000 Xxxxxxxx Xxx.
Xxxxxx Xxxx, XX 00000
October 2, 2011
00000 Xxxxxxxx Xxx.
Xxxxxx Xxxx, XX 00000
Dear Sirs:
This letter agreement (the “Agreement”) confirms the commitment of the undersigned to arrange for financing for you (the “Company”) in a minimum amount of $200,000 over the twelve month period commencing on the date of this letter (the “Commitment Period.”)
It is the intention of the undersigned to arrange for financing by third parties, either in the form of loans or purchases of equity securities of the Company. However, if the undersigned is unable to arrange for such financing, or if such financing is for less than $200,000, the undersigned will loan the balance to the Company on market terms, when and as required by the Company during the Commitment Period.
Please indicate your agreement with the above terms by signing below.
| Very truly yours, | |
| /s/ Xxxxxxx Xxxxxxxxxxxx | |
| Xxxxxxx Xxxxxxxxxxxx |
By: /s/ Xxxxxxx Xxxxxxxxxxxx
Xxxxxxx Xxxxxxxxxxxx, President
