The Bridge. The Lender hereby agrees to lend the Loan Amount to the Borrower and the Borrower hereby accepts the Loan Amount from the Lender and agrees to repay the same in lawful money of the United States of America. The Loan Amount shall be evidenced by a nine month promissory note bearing interest at the rate of Twelve and 99/100 (12.99%) percent per annum on an actual day/360 day basis and payable on the Due Date (as that term is defined below), in the form annexed hereto as Exhibit “A” and hereby incorporated herein by reference (the “Note”). The Note shall be duly executed by the Borrower and delivered to the Lender simultaneously with the execution of this Bridge Loan Agreement.
Appears in 3 contracts
Sources: Bridge Loan Agreement, Bridge Loan Agreement (Iptimize, Inc.), Bridge Loan Agreement (Iptimize, Inc.)