Loan Commitment Letter from Jonnie R. Williams to Star Scientific, Inc. (March 14, 2008)
Jonnie R. Williams, CEO, agrees to provide Star Scientific, Inc. with a loan of up to $2,000,000. The loan will be available until March 31, 2009, or until the company secures $2,000,000 in additional capital, whichever comes first. This letter outlines the commitment and the conditions under which the loan will be extended.
Exhibit 10.105
Jonnie R. Williams
March 14, 2008
Star Scientific, Inc.
Board of Directors
1250 24th St. NW
Suite 700
Washington, DC 20037
VIA FAX: 301 ###-###-#### Bob Pokusa
Gentlemen:
I will extend to the company a loan of up to $2,000,000. through March 31, 2009, or until $2,000,000. of additional capital is invested in the company.
Respectfully,
| /s/ Jonnie R. Williams |
| Jonnie R. Williams |
| CEO |
Cc: Phil Piser
1 Starwood Lane
Manakin Sabot, VA 23103
