COMMITMENT NOTE. As a condition for the execution of this Agreement by the Investor, the Company shall issue to the Investor a note in the principal amount equal to $65,000 (the “Secured Note”) on the Execution Date.
Appears in 2 contracts
Sources: Equity Purchase Agreement (Franchise Holdings International, Inc.), Equity Purchase Agreement (Franchise Holdings International, Inc.)
COMMITMENT NOTE. As a condition for the execution of this Agreement by the Investor, the Company shall issue to the Investor a note in the principal amount equal to $65,000 (the “"Secured Note”") on the Execution Date.
Appears in 1 contract
Sources: Equity Purchase Agreement (Franchise Holdings International, Inc.)
COMMITMENT NOTE. As a condition for the execution of this Agreement by the Investor, the Company shall issue to the Investor a note in the principal amount equal to $65,000 50,000.00 (the “Secured Commitment Note”) on the Execution Date.
Appears in 1 contract