Loan Terms AgreementLoan Terms Agreement • February 3rd, 2010 • Imedia International Inc • Non-operating establishments
This loan is guaranteed paid in full within 60 days of the date of funding, using collateral of common stock and or assets of the company, and a total debt service payment not to exceed $200,000 in cash value. In addition lender earns warrants to purchase common stock in iMedia International at the agreed conversion price.
Letter of Intent To: CH Trust Attn: Christine Hughes Re: iMedia International Loan Agreement and Warrants offering.Letter of Intent • February 3rd, 2010 • Imedia International Inc • Non-operating establishments
Please be advised that CH Trust has agreed to provide $2,500,000 dollars US total funding (the “Investment”) to iMedia International Inc.; on or before March 12, 2010, in the form of a debt instrument for operating capital and production of the television show and related interactive media platform entitled, “Hollywood Previews”. Related agreements and value propositions have been outlined in exhibits delivered as part of a due diligence package. In addition, a promissory note has been submitted to detail the loan agreement, warrants offering and repayment schedule.
