TERM SHEET BETWEEN EMABRR DOWNS AND SC CAPITAL October 27, 2013Line of Credit Financing • November 19th, 2013 • Embarr Downs, Inc. • Services-racing, including track operation
This Term Sheet summarizes the principal terms of the Line of Credit Financing Between Embarr Downs (the “Company”) and SC Capital (the “Investor”). No legally binding obligations will be created until definitive agreements are executed and delivered by all parties. This Term Sheet is not a commitment to invest, and is conditioned on the completion of due diligence, legal review and documentation that is satisfactory to the Investors. This Term Sheet shall be governed in all respects by the laws of California.
