DEKANIA CORP.Dekania Corp. • November 19th, 2008 • Blank checks
This letter will confirm our agreement, that Cohen Brothers, LLC (“Cohen Brothers”) shall loan Dekania Corp. (the “Company”) funds to cover its costs and to provide the Company with working capital to enable it to fund its expenses, including the expenses associated with the pursuit of a business combination and expenses with respect to its potential dissolution and liquidation, up to a maximum of $500,000 (the “Loan”). The Company is permitted to draw on the Loan, at any time up until the consummation of a business combination or the Company’s liquidation and dissolution, by providing written notice to Cohen Brothers. The Loan shall not bear interest.
