Waiver of Creditor Rights Agreement between Stoecklein Law Group and Subprime Advantage Inc.
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Summary
Stoecklein Law Group agrees to waive any rights or claims it may have as a creditor to funds raised by Subprime Advantage Inc. in connection with a securities offering, except for amounts paid voluntarily under their existing agreement. This waiver is provided to facilitate the company's fundraising efforts, ensuring that the raised funds are not subject to creditor claims from Stoecklein Law Group. The agreement is effective as of April 16, 2010, and is addressed to the company's president, Molly Country.
EX-10.2 10 ex10-2.htm WAIVER FROM STOECKLEIN LAW GROUP ex10-2.htm
Stoecklein Law Group, a Professional Corporation
Practice Limited to Federal Securities
| Emerald Plaza | Telephone: ###-###-#### |
| 402 West Broadway | Facsimile: ###-###-#### |
| Suite 690 | email: ***@*** |
| San Diego, California 92101 | web: www.slgseclaw.com |
April 16, 2010
Molly Country
President
Subprime Advantage Inc.
501 W. Broadway, Suite A-323
San Diego, CA 92101
Re: Offering on a Best Efforts All or None Basis- Waiver of Rights as a Creditor
Dear Ms. Country:
We understand that you are filing Form S-1 Registration and plan on raising money on an best efforts, all or none basis. The money raised from this offering will be put into an account that will not bar attachment from creditors. We know we may be one of those creditors and we agree to waive any rights and claims we have to funds in that account, other than any amount you pay us voluntarily pursuant to our agreement.
Sincerely
/s/Donald Stoecklein
