TERM SHEET Bridge Loan for PIPEBridge Loan Agreement • March 2nd, 2007
Contract Type FiledMarch 2nd, 2007$[ ] (the “Loan”). The principal of the Loan to be due and payable on the earlier of (a) the closing of the PIPE transaction referenced below, in which case the outstanding principal and interest under the Loan shall be applied toward the purchase price in the PIPE transaction, (b) the maturity date of the Company’s existing loan with XXX, (c) two years from the date of the Loan, or (d) the closing of any debt or equity financing by the Company in excess of $[ ].