CORRIDOR COMMUNICATIONS CORP. 1235 Pear Ave., Ste. 109 Mountain View, California 94043Investment Agreement • October 27th, 2004 • Corridor Communications Corp • Communications equipment, nec
This letter memorializes the agreement between Corridor Communications Corp. (the "Company") and Bristol Investment Fund, Ltd. (the "Investor"), whereby the Investor shall invest in the Company the amount of $300,000. The investment will be evidenced by a promissory note, the form of which is attached hereto, bearing interest at a rate of .555556% per day (the "Note"). The Note will become due and payable on the sixtieth (60th) day following the date of issuance of the Note (the "Due Date") and in accordance with such terms as set forth in the Note. The Company may repay the Note in full prior to the Due Date, however in the event of such repayment, the amount of interest accrued on the Note as of the Due Date (equal to $100,000) shall be accelerated and become payable in full on the date of repayment of the Note.
THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND,...Securities Purchase Agreement • October 27th, 2004 • Corridor Communications Corp • Communications equipment, nec • New York
SECURITY AGREEMENT General Security Agreement dated August 20, 2004 made by Corridor Communications Corp., a Delaware corporation ("Debtor"), in favor of Bristol Investment Fund, Ltd. (the "Secured Party"). Debtor hereby agrees in favor of Secured...Security Agreement • October 27th, 2004 • Corridor Communications Corp • Communications equipment, nec • New York
