Letter dated October 15, 2019 from Keith Wong to the Company regarding outstanding loans
October 15, 2019
Board of Directors
315 Montgomery Street, 9th Floor
San Francisco, CA 94104
Re: Outstanding Indebtedness
Live Inc. (“Company”)
To Whom It May Concern:
This letter confirms that I will not demand payment, in whole or in part, of the outstanding indebtedness owed to me by the Company until the earlier of (i) December 31, 2020 or (ii) the Company receives the sum of $2,000,000 in funding from a public or private offering of its securities.
As of June 30, 2019, the amount due the undersigned by the Company is $360,000.
/s/ Keith Wong