Transcription of LETTER AGREEMENT DATE: BETWEEN ... - The …
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LETTER AGREEMENT DATE: BETWEEN ... - The …
LETTER AGREEMENTDATE: _____ __, 20__ ( Effective date ) BETWEEN :Investee Entrepreneur Email: AND,Investor Investor Email: For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, this LETTER AGREEMENT ( AGREEMENT ) is entered into effective _____ __, 20__:1. Definitions. Annual Return Payment means an amount equal to ____ percent (__%) of Entrepreneur s Gross Annual Income for each 12-month period beginning on January 1 and ending on December 31, with any partial year being prorated based on number of days. Appreciation means (i) the FMV of each non-liquid asset of Entrepreneur at any given time after the date of this AGREEMENT minus (ii) the FMV of each non-liquid asset of Entrepreneur as of the date of this AGREEMENT (or the date of acquisition of such non-liquid asset, if after the date hereof), as set forth on Schedule A to this AGREEMENT .
within 180 days of Entrepreneur’s election of this option and, at the time of such repayment, this Agreement shall terminate and each parties’ rights and obligations hereunder shall terminate; or (B) if Entrepreneur does
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