Equipment Advance Notice Agreement between Bravo Multinational Incorporated and Centro de Entretenimiento y Diversion Mombacho S.A.
Bravo Multinational Incorporated and Centro de Entretenimiento y Diversion Mombacho S.A. have agreed to advance 100 additional gaming machines under a prior purchase agreement. The $450,000 payment for this equipment will be split equally: half as a vendor loan and half through the issuance of 321,429 shares of Bravo's common stock at $0.70 per share. This agreement is effective as of May 30, 2017, and is signed by both parties' presidents.
Exhibit 10.8
May 30, 2017
Equipment Advance - Notice Agreement
Bravo Multinational Incorporated ‘purchaser’ and Centro de Entretenimiento y Diversion Mombacho S A. ‘vendor’
Agree as follows:
As per a Gaming Equipment purchase agreement signed May 4th, 2016, between both parties; a further advancement of 100 gaming machines shall be immediately effective as of this date.
The payment process of this staged advancement ($450,000) shall be as previously agreed: 50% vendor loan ($225,000) and 50% in common stock issuance ($225,000 value) of the purchasers common stock – stock issuance will be based on .70 per share which equals 321,429 common restricted shares.
Date 30th day of May 2017
/s/ Paul Parliament
___________________________________________
Paul Parliament – President
Bravo Multinational Incorporated
Acceptance of Notice Agreement
/s/ Julios Kosta
___________________________________________
Julios Kosta – President
Centro de Entretenimiento y Diversion Mombacho S.A.
