CREDIT LINE AGREEMENTCredit Line Agreement • December 31st, 2018 • Cell MedX Corp. • Retail-miscellaneous retail • Nevada
Introduction. This Credit Line Agreement (the “Agreement”) governs the Borrower's line of credit (the “Credit Line”) issued by the Lender. The Borrower and the Lender hereby acknowledge the preliminary advance of US$100,000 against the Credit Line drawn by the Borrower on December 20, 2018 (the “Initial Advance”), which has been previously advanced by the Lender pursuant to a term sheet dated for reference December 13, 2018, and approved by the Borrower’s Board of Directors on December 13, 2018. Both the Borrower and the Lender further acknowledge and agree that the Initial Advance shall be governed by the terms and conditions of this Agreement.
