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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.
A bridge loan is a short-term, high-interest loan that provides a quick source of cash for commercial or individual needs. It is called a bridge loan because it serves as a bridge between one period of funding and another, more permanent source of funding.
The Bridge Loan Agreement is made between two parties; one of whom is the "Lender" or the bank or financial institution and the other is the "Borrower" or the company. This agreement constitutes the amount of loan applied for, notice of borrowing, interest rates, taxes, compliance with laws, payment of obligations, fixed charge and debt [.]
Bridge loans can help borrowers move from one home to the next, but they can be dangerous. A bridge loan usually runs for six-month terms and is secured by the borrower’s old home.
Commercial bridge loans are a flexible loan arrangement intended to provide short term financing until an exit strategy, like a refinance or sale, can be executed. Commercial bridge loans act as interim funding, facilitating the purchase of commercial real estate and completion of rehabs or upgrades, but not acting as permanent financing.
Bridge Loan Calculator. A bridge loan is a short term loan where the equity in one property is used as collateral for the bridge loan which is then used as the down payment toward a loan on a second property.
Bridge Loan Calculator. A bridge loan is a short term loan where the equity in one property is used as collateral for the bridge loan which is then used as the down payment toward a loan.
Loans Financing Subsidized and Unsubsidized Loans | Federal Student Aid – The aggregate loan limits include any Subsidized Federal Stafford Loans or unsubsidized federal stafford Loans you may have previously received under the federal family education loan (ffel) Program. As a result of legislation that took effect July 1, 2010, no further loans are being made under the FFEL Program .Bridge Loan For Down Payment Bridge loans are temporary mortgages that provides a down payment for any new home before you are able to complete the sale of your current home. Many buyers today would like to sell their current.
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.