WRAP-AROUND AGREEMENTWrap-Around Agreement • November 16th, 2009 • Camelot Entertainment Group, Inc. • Services-motion picture & video tape production • Delaware
This wrap-around agreement (the “Agreement”) is made by and among Camelot Entertainment Group, Inc. (the “Issuer”), _________________ (the “Affiliate”) and ______________________________ (the “Investor”), this ___ day of ___________, 2009. (The Issuer, the affiliate and the Investor are sometimes referred to in this Agreement singly as a “Party” or collectively as the “Parties.”)
CAMELOT ENTERTAINMENT GROUP, INC. FIFTEEN PERCENT (15%) CONVERTIBLE NOTE DATED ______________, 2009Camelot Entertainment Group, Inc. • November 16th, 2009 • Services-motion picture & video tape production
THIS NOTE (the “Note”) is a duly authorized Convertible Note of Camelot Entertainment Group, Inc., a Delaware corporation (the “Company”). This Note is a replacement for the note of the Company to ________________________ assigned to the Holder (as defined below) pursuant to that certain Wrap-around agreement of even date (the “Agreement”). By execution below, the Company affirms the Debt de novo represented by the original note. All terms capitalized in this Note but not defined will have the meanings as defined in the Agreement.
SCHEDULE B — PROMISSORY NOTECamelot Entertainment Group, Inc. • November 16th, 2009 • Services-motion picture & video tape production • Florida
WRAP-AROUND AGREEMENTWrap-Around Agreement • November 16th, 2009 • Camelot Entertainment Group, Inc. • Services-motion picture & video tape production
WHEREAS, the Issuer desires to fulfill debt obligations owed to Affiliate in the principal amount $200,000.00 (Two Hundred Thousand Dollars) of the total debt of $355,000.00 (Three Hundred Fifty Five Thousand Dollars) owed from March 31, 2008;
