EFTA02422779
EFTA02422780 DataSet-11
EFTA02422781

EFTA02422780.pdf

DataSet-11 1 page 177 words document
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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
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1935fe0cf19188f30eb9ce00675034562d685a0cd16f138120499d08641f4d77
Bates Number
EFTA02422780
Dataset
DataSet-11
Document Type
document
Pages
1

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