📄 Extracted Text (177 words)
To: Jeffrey Epsteinfieevacation©gmailcom]
From: Adam Bly
Sent Mon 8/30/2010 3:57:33 PM
Subject terms
what do you think?
Company Seed Media Group LLC
Investor Hirth Family LLC
Investment Amount $1,000,000
Security Secure Convertible Debenture (the "Debenture") convertible at the
holder's option into Senior Preferred shares representing 51% of the
Company
liquidation First priority
Preference
I:se or Proceeds Working capital
Board of Directors Concurrent with closing, the Company's Board of Directors shall be
restructured with five (5) seats, as follows: Two (2) seats for the Investor,
one (1) scat for Innovium, one (1) scat for Walnut, and one (I) scat for
the Founder
Conversion of Concurrent with closing, Walnut/Hauser shall convert its Series B
Shareholder Loans Extension Notes into Preferred shares and Innovium/Brookfield shall
convert its 2010 Bridge Loans into Preferred shares
Conditions of - Unanimous consent resolution from the Board ofDirectors approving
Closing the transaction
- Necessary shareholder approvals
- Amendment of necessary corporate documents
- Satisfactory completion of due diligence
- Management's presentation of a I -year budget and business plan
Closing Date September 15
EFTA_R1_01489562
EFTA02422780
ℹ️ Document Details
SHA-256
1935fe0cf19188f30eb9ce00675034562d685a0cd16f138120499d08641f4d77
Bates Number
EFTA02422780
Dataset
DataSet-11
Document Type
document
Pages
1
Comments 0