0001493152-15-005023 Sample Contracts

SUBORDINATION AGREEMENT

Subordination Agreement • October 27th, 2015 • Saleen Automotive, Inc. • Motor vehicles & passenger car bodies • California

• Contract Type
  Subordination Agreement
• Filed
  October 27th, 2015
• Company
  Saleen Automotive, Inc.
• Industry
  Motor vehicles & passenger car bodies
• Jurisdiction
  California

THIS SUBORDINATION AGREEMENT (this “Subordination Agreement”), is entered into as of October , 2015, by and among W-Net Fund I L.P., and those other parties named on the signature pages hereto (collectively the “Subordinated Creditors”); Saleen Automotive, Inc., a Nevada corporation (“Debtor”) and SM Funding Group, Inc., a Delaware corporation as senior lender (the “Senior Creditor”).