Loan Amount: $150,000Loan Terms Agreement • May 20th, 2010 • Imedia International Inc • Non-operating establishments
Agreed Interest Payment: $50,000 & 100,000 warrants to purchase iMedia common stock at a conversion price set at trading price at the end of day of funding or 50 cents whichever is less. An additional 100,000 warrants at a conversion price set at the trading price as of the end of the day of execution of the first extension. (Extension Date: 4/15/10) An additional 100,000 warrants at a conversion price set at the trading price as of the end of the day of execution of the second extension. (Extension Date: 5/20/10)
