50 of the Top 250 law firms use our Products every day
Exhibit 10.6
LINE OF CREDIT
NOTE
|
$100,000
|
Date of Issuance: May 28,
2009
|
FOR VALUE RECEIVED, So Act Network,
Inc., a Delaware corporation ("Borrower"), with an address at 5715
Will Clayton, Parkway, #6572 Humble, TX 77338, hereby promises to
pay to the order of Greg Halpern ("Lender"), with an address at
5715 Will Clayton, Parkway, #6572 Humble, TX 77338 or any holder
hereof may from time to time designate, the principal sum of One
Hundred Thousand Dollars ($100,000) (the “Principal
Amount”), or the aggregate unpaid principal amount of all
Advances made or extended by Lender to Borrower pursuant to the
Credit Line Agreement, in lawful money of the United States of
America and in immediately available funds on or before the second
(2 nd
) anniversary of the Date of the
Issuance (the “Maturity Date”). It is the intent of the
Borrower and Lender hereunder to create a Credit Line Agreement
between Borrower and Lender whereby Borrower may borrow up to the
Principal Amount from Lender; provided , however ,
that Lender has no obligation to lend Borrower any amounts
hereunder and the decision to lend such money lies in the sole and
complete discretion of the Lender. The undefined capitalized terms
in this Note shall have the same respective meanings ascribed
thereto in the Credit Line Agreement.
Notwithstanding anything to the
contrary contained herein or in the Credit Line Agreement, unless
earlier paid in accordance with the terms and conditions of this
Note, the entire unpaid principal balance of this Note and all
accrued but unpaid interest shall be due and payable on the
Maturity Date. The principal balance of this Note may be paid in
full at any time or in part from time to time, provided, however,
that all payments of principal of this Note shall be
accompani
|