STRICT FORECLOSURE AGREEMENTStrict Foreclosure Agreement • May 24th, 2016 • Prins Adrianus Hermanus Augustinus Maria • Services-business services, nec • New York
THIS STRICT FORECLOSURE AGREEMENT (this “Agreement”) is made and entered into as of May 3, 2016 (the “Effective Date”), by and among EFACTOR GROUP CORP., a Nevada corporation, with its principal offices located at 425 2nd Street, Suite 100, San Francisco, California 94107 (the “Debtor”), MAGNA EQUITIES II, LLC, a New York corporation, with its address at 40 Wall Street, New York, New York 10005 (‘‘Magna”). INCREASIVE VENTURES B.V. with its principal address at Stevensweg 2, 2141 VL Vijfhuizen, The Netherlands (“IV”, and together with Magna, collectively, the “Lenders” and each of the Lenders individually, a “Lender”). The Debtor and the Lenders are sometimes collectively referred to herein as the “Parties” and individually as a “Party.” Capitalized terms used and not otherwise defined herein have the meanings set forth in the Purchase Agreement (as defined below).
