Common Contracts
1 similar Financing Agreement contracts
PREAMBLEFinancing Agreement • June 18th, 2020 • Delaware
This Financing Agreement, dated as of the latest date set forth on the signature page hereto (this “Agreement”), sets forth the understanding between Divertsessions 1 Inc. (the “Company”), on the one hand, and the investor executing this Agreement on the signature page hereto (“Financier”), on the other hand, in connection with Financier’s provision of funds to Company for the purpose of creating and developing the Pop Up (as defined below). For purposes of this Agreement, “Pop Up” means the temporary for profit entertainment venue expected to be located at the Del Amo Mall in Torrance, California (or may be located at such other venue selected by the Company) consisting of an approximately 30,000 square foot outdoor parking lot surface, which is expected to include an artificial ski/snowboard hill, surfing and a wave machine, skatepark, live events and food and beverage facilities and which is expected to launch in early 2021 and run for three months with an option to extend, but whic
