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Vicis Securities Purchase And Loan Conversion Agreement

October 24, 2013 by agri in General agreements with 0 Comments
A Vicis Securities Purchase and Loan Conversion Agreement is an agreement entered between two companies namely Brook side technology Holdings and Vicis Capital Master Fund. The purpose of entering into the agreement is for purchase of securities and its subsequent conversion into a loan. The Brook side technology company is pledging the purchased securities to obtain credit from a financial institution which is Hilco Financial LLC. The agreement sets out all the details of the credit agreement, subordinated promissory note, details of debt and other essential recitals relevant to the agreement between the parties.

The agreement includes some essential details such as names and addresses of the parties, date of agreement, type of securities, terms and conditions, Details of the stock, rate of interests, warranties, obligations etc. The agreement has to be duly signed by the parties involved under a witness at the end in accordance to the specified terms and conditions therein.

Vicis Securities Purchase And Loan Conversion Agreement

Vicis Securities Purchase And Loan Conversion Agreement

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