Material Terms. This oral contract was for a subordinated note payable. The Lender agreed to provide the Company with loans from time to time to supplement the working capital of the Company. These loans are unsecured and are subordinated to any and all other loans that the Company may have.
Appears in 3 contracts
Sources: Subordinated Loan Agreement (WES Consulting, Inc.), Subordinated Note Payable Agreement (WES Consulting, Inc.), Subordinated Loan Agreement (Liberator, Inc.)