Exhibit 10.1. FORM OF CONVERTIBLE BRIDGE LOAN AGREEMENT. This Convertible Bridge Loan Agreement (this "Agreement") is between [_____] ("Lender") and Bakken Resources, Inc. (the "Company"), a Nevada corporation. WHEREAS, Lender desires to provide a convertible bridge loan (the "Bridge Loan") to the Company to (i) fund the Company’s on-going oil and mining exploration, (ii.
The Lenders hereby agree to loan to the Borrower, the amount set forth on Schedule I attached hereto through a Bridge Loan (the "Bridge") as evidenced by the issuance of a Subordinated promissory note dated as of even date herewith (the "Note"), in a financing by the Borrower (the "Bridge Financing").
Bridge loans are temporary loans, secured by your existing home, that bridge the gap between the sales price of a new home and the homebuyer’s new mortgage in the event the buyer’s existing home hasn’t yet sold before closing. In other words, you’re effectively borrowing your down payment on the new home.
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Bridge Loan: A bridge loan is a short-term loan used until a person or company secures permanent financing or removes an existing obligation. This type of financing allows the user to meet current.
Updated June 5, 2019 | Written by Susan Chai, Esq.. Free Loan Agreement. Our attorney-crafted Loan Agreement is a legal and binding contract between a lender and a borrower that can be enforced in court if one party does not hold up their end of the bargain.
Example bridge loan agreement template excel word pdf doc xls blank tips: placement of the text is an important element. Be sure to break your line up the way it should be read, For balance and proportion, ensure the thickness of the elements in accordance with.