Corridor Communications Corp. and Bristol Investment Fund, Ltd. Investment and Promissory Note Agreement

Summary

Corridor Communications Corp. has agreed to accept a $300,000 investment from Bristol Investment Fund, Ltd. This investment is formalized through a promissory note with a daily interest rate of 0.555556%, due in 60 days. If the note is repaid early, the full $100,000 interest is still owed. The note is secured by a security agreement, and Bristol Investment Fund will also receive a warrant to purchase 45,000,000 shares of common stock at $0.0035 per share.

EX-4.3 4 v07771_exh4-3.txt CORRIDOR COMMUNICATIONS CORP. 1235 Pear Ave., Ste. 109 Mountain View, California 94043 August 20, 2004 Paul Kessler Bristol Investment Fund, Ltd. c/o Bristol Capital Advisors, LLC 6363 Sunset Boulevard, Fifth Floor Hollywood, CA 90028 Fax: (323) 468-8307 Re: Proposed Investment in Corridor Communications Corp. Dear Mr. Kessler: This letter memorializes the agreement between Corridor Communications Corp. (the "Company") and Bristol Investment Fund, Ltd. (the "Investor"), whereby the Investor shall invest in the Company the amount of $300,000. The investment will be evidenced by a promissory note, the form of which is attached hereto, bearing interest at a rate of .555556% per day (the "Note"). The Note will become due and payable on the sixtieth (60th) day following the date of issuance of the Note (the "Due Date") and in accordance with such terms as set forth in the Note. The Company may repay the Note in full prior to the Due Date, however in the event of such repayment, the amount of interest accrued on the Note as of the Due Date (equal to $100,000) shall be accelerated and become payable in full on the date of repayment of the Note. The Company will issue the Note to the Investor within three (3) business days following the date of delivery via facsimile of a fully executed copy of this Note to the Investors. The Company agrees to grant a security interest to the Investor to secure payment of the Note, which security interest will be evidenced by a security agreement to be executed by the parties simultaneously with the issuance of the Note. As additional consideration for providing us with this funding, we shall issue to you a common stock purchase warrant to purchase 45,000,000 shares of common stock with an exercise price of $.0035. Please indicate your agreement to the terms of this letter by signing below. Sincerely, CORRIDOR COMMUNICATIONS CORP. By: /s/ J. Michael Heil ------------------------------------- Name: J. Michael Heil Title: CEO AGREED TO AND CONSENTED BY: BRISTOL INVESTMENT FUND, LTD. By: /s/Paul Kessler ------------------------- Name: Paul Kessler Title: Director