Trinad Capital Master Fund, Ltd
Xxxxxx
Capital Master Fund, Ltd
0000
Xxxxxx xx xxx Xxxxx, Xxxxx 0000
Los
Angeles, CA 90067
July
11,
2007
Xxxxxxx
Xxxxx
Chief
Financial Officer
Asianada,
Inc
0000
Xxxxxx xx xxx Xxxxx, Xxxxx 0000
Los
Angeles, CA 90067
Dear
Xx.
Xxxxx:
Xxxxxx
Capital Master Fund, Ltd (“Xxxxxx”) hereby agrees to loan Asianada, Inc. (the
“Company”) up to a principal amount of $100,000 (the “Loan”) at any time and
from time to time prior to the Company’s consummation of a Next Financing (as
hereinafter defined). Xxxxxx shall make advances to the Company in such amounts
as the Company shall request from time to time. The Loan shall bear interest
at
10% (ten percent) per annum. The entire outstanding principal amount of the
Loan
and any accrued interest thereon shall be due and payable by the Company
upon,
and not prior to, the consummation of a sale of securities (other than a
sale of
shares of the Company’s Common Stock, $0.01 par value per share (the
“Common
Stock”),
to
officers, directors or employees of, or consultants to, the Company in
connection with their provision of services to the Company), to a third party
or
parties with proceeds to the Company of not less than $200,000 (a “Next
Financing”).
Please
acknowledge the Company’s acceptance of the terms of this letter agreement by
signing where indicated below.
Sincerely,
| Xxxxxx Capital Master Fund, Ltd | ||
| |
|
|
| By: |
/s/
Xxx Xxxx
|
|
|
Name: Xxx Xxxx |
||
| Title: Director | ||
Acknowledged
and agreed to:
| By: | /s/ Xxxxxxx Xxxxx | |
|
Name: Xxxxxxx Xxxxx |
||
| Title: Chief Financial Officer |
