Letter Agreement for Backstop Financial Support between Andrew Listerman and Prime Time

Contract Categories: Business Finance › Funding Agreements
Summary

Andrew Listerman has agreed to provide up to $50,000 in financial support to Prime Time for working capital expenses over the next 12 months, or until the company generates positive cash flow or completes a new fundraising round, whichever comes first. This agreement ensures Prime Time has necessary funds during this period.

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EX-10.3 3 ptt_ex103.htm LETTER AGREEMENT EXECUTED BY ANDREW LISTERMAN ptt_ex103.htm

 
Exhibit 10.3

September 6, 2011

To the Board of Directors of Prime Time:

This will confirm that I have agreed to provide back stop financial support for expenses necessary for working capital of PTT up to $50,000 over the course of the next twelve (12) months or until the company begins to generate positive cash flow or successfully completes a subsequent raise.

 
  Very truly yours,  
       
       
 
By:
/s/  Andrew Listerman  
    Andrew Listerman