CREDIT LINE AGREEMENTCredit Line Agreement • October 11th, 2011 • Anoteros, Inc. • Services-educational services • California
Introduction. This Credit Line Agreement ("Agreement") governs Borrower's line of credit line (the "Credit Line" or the "Credit Line Account") issued by South Bay Capital (“Lender”). Borrower and Lender hereby acknowledge and memorialize those certain advances against the Credit Line as specifically set forth on Schedule A hereto, which have been previously advanced pursuant to a verbal understanding. Both Borrower and Lender further acknowledge and agree that all previous amounts advanced shall be governed by the terms and conditions of this Agreement and any and all previous understandings, verbal or otherwise, shall be void and this Line of Credit Agreement shall govern the terms and conditions under which funds have been and will be advanced pursuant to the this Line of Credit Agreement. In this Agreement, the word "Borrower," "you," "your," and "Applicant," means each and every person who signs this Agreement, including all Borrowers named above. The words "we," "us," "our," "Bene
