Verbal Agreement by and between the Company and Paramount Trading Ltd.Verbal Agreement • March 24th, 2015 • Minn Shares Inc • Blank checks
As of December 31, 2014, Paramount and Richard Gilbert have advanced and paid expenses for an aggregate amount of $219,806, including $32,809 of accrued interest, on behalf of the Company. There is currently no written agreement in effect with respect to repayment of such fees and expenses, although the Company has agreed to repay such amounts upon the Company entering into a business combination transaction.
