Common use of Member Loans Clause in Contracts

Member Loans. Alternatively, the Manager may obtain a loan from one or more Members as and when necessary to continue the business of the Company, which shall earn ten percent (10%) per annum Interest from the date of inception. Additionally, please also be advised that our Company acting as both a proptech and fintech emerging growth company via Xxxxxxx Homes Xxxxxxx Loans, LLC (Xxxxxxx Loans) will offer to the general public (in the future) as well as Members (in the future) being allowed to apply for one of our loans and insurances products through Xxxxxxx Loans, which will provide private: business, personal, student, car and home loans (mortgages) as well as low cost renters, life, business, property/home and car insurances (as noted, in the future). Implementation of such will be after three (3) years, once GH GL, LLC., is in full operations with the required licenses, permits, managers, employees, office facility(s), etc., and/or when GH GL, LLC is exceptionally capitalize having over $50,000,000 in liquid assets (cash), which will be needed to operate such. This is a long term goal of the company in the future, but not now, as part of our real estate related transactions. Note: As discussed throughout, Our Company may never raise enough capital to move forward with its intended business operations.

Member Loans. Alternatively, the Manager may obtain a loan from one or more Members as and when necessary to continue the business of the Company, which shall earn ten percent (10%) per annum Interest from the date of inception. Additionally, please also be advised that our Company acting as both a proptech and fintech emerging growth company via Xxxxxxx Homes Xxxxxxx Loans, LLC (Xxxxxxx Loans) will offer to the general public (in the future) as well as Members (in the future) being allowed to apply for one of our loans and insurances products through Xxxxxxx Loans, which will provide private: business, personal, student, car and home loans (mortgages) as well as low cost renters, life, business, property/home and car insurances (as noted, in the future). Implementation of such will be after three (3) years, once GH GL, LLC., is in full operations with the required licenses, permits, managers, employees, office facility(s), etc., and/or when GH GL, LLC is exceptionally capitalize having over $50,000,000 in liquid assets (cash), which will be needed to operate such. This is a long term goal of the company in the future, but not nownow or the next few years, as part of our real estate related transactions. Note: As discussed throughout, Our Company may never raise enough capital to move forward with its intended business operations.