Common Contracts
1 similar Term Sheet Agreement contracts
EGF THERAMED SECURES $10 MILLION TERM SHEET AGREEMENTTerm Sheet Agreement • September 23rd, 2022
Simple interest shall accrue on the outstanding Principal Amount at a rate of 12% per annum, calculated on the basis of a 365-day year for the actual number of days elapsed (the “Interest,” and together with the Principal Amount, the “Note Indebtedness”), which the Interest will be payable monthly in cash or common shares of the Company, unless converted in accordance with the terms hereof.
