Debt Priority Agreement Sample Contracts
Re: Debt Priority AgreementDebt Priority Agreement • July 31st, 2007 • Esim LTD • Services-prepackaged software
Whereas, e-SIM Ltd. (the “Company”) has entered into an Agreement with Sky MobileMedia, Inc. (“Sky”) pursuant to which the Company shall receive a loan in the aggregate amount of $700,000 (seven hundred thousand US dollars) (the “Loan”) convertible into Ordinary Shares of the Company comprising 16.9% of the share capital of the Company (currently reflecting an estimated price per share of $0.15, the “Conversion Price”). The Loan shall bear compound interest at a rate of 15.0% per annum plus any value added tax, if applicable.
