Common use of Committed Financing Clause in Contracts

Committed Financing. SRG has an irrevocable, enforceable commitment from several private investors to invest at least $2,500,000 in ICOR immediately following the Closing, which SRG will cause ICOR to close immediately following the Closing (the “Committed Financing”). SRG acknowledges that SRG’s receipt of the Committed Financing is a material reason why ICOR is entering into this Agreement.

Committed Financing. SRG has an irrevocable, enforceable commitment from several private investors to invest at least $2,500,000 in ICOR immediately following the Closing, which Closing with SRG and will cause ICOR to close said financing immediately following the Closing (the “Committed Financing”). SRG acknowledges that SRG’s receipt of the Committed Financing is a material reason why ICOR is entering into this AgreementClosing.