Intention of the Company. The Company intends that the conveyance of the Company’s right, title and interest in and to the Mortgage Loans to the Purchaser shall constitute a sale and not a pledge of security for a loan. If such conveyance is deemed to be a pledge of security for a loan, however, the Company intends that the rights and obligations of the parties to such loan shall be established pursuant to the terms of this Agreement. The Company also intends and agrees that, in such event, (i) the Company shall be deemed to have granted (and hereby does grant) to the Purchaser and its assigns a first priority security interest in the Company’s entire right, title and interest in and to the Mortgage Loans, all principal and interest received or receivable with respect to the Mortgage Loans, all amounts held from time to time in the accounts mentioned pursuant to this Agreement and all reinvestment earnings on such amounts, together with all of the Company’s right, title and interest in and to the proceeds of any title, hazard or other insurance policies related to such Mortgage Loans and (ii) this Agreement shall constitute a security agreement under applicable law. All rights and remedies of the Purchaser under this Agreement are distinct from, and cumulative with, any other rights or remedies under this Agreement or afforded by law or equity and all such rights and remedies may be exercised concurrently, independently or successively.
Intention of the Company. The Company intends to raise capital through an investment with a convertible share options agreement and or by selling or transferring shares of the Company- Shareholder to the Investor in accordance with this Agreement, and for the implementation of the business and development strategy of the Company.
