Global Medical REIT, Inc.Letter and Conversion Agreement • June 16th, 2016 • Global Medical REIT Inc. • Real estate investment trusts • New York
Reference is made to those certain Convertible Demand Promissory Notes issued between July 1, 2014 and December 31, 2015 (collectively, the “Convertible Debentures”) evidencing loans from ZH USA, LLC (together with its predecessor, HFE USA, LLC, the “Lender”) to Global Medical REIT, Inc. (the “Borrower”) having an aggregate current principal amount outstanding of $25,030,134, plus accrued interest of $1,590,632, as of the date of this Pay-Off Letter and Conversion Agreement (this “Pay-Off Letter and Conversion Agreement”). All currency references in this Pay-Off Letter and Conversion Agreement are in U.S. Dollars.
