Loan Commitment Letter between Seatac Digital Resources, Inc. and America's Minority Health Network, Inc. (March 10, 2010)
Seatac Digital Resources, Inc. has committed to provide up to $500,000 in short-term loans to America's Minority Health Network, Inc., a subsidiary of AMHN, Inc., over the next six months. This funding is intended to ensure the company has enough operating capital while it seeks additional investment. The loans will be provided on an as-needed basis. The letter is addressed to Shaneeka James, President of AMHN, Inc., and is signed by Robin Tjon, President of Seatac Digital Resources, Inc.
Seatac Digital Resources, Inc.
March 10, 2010
Shaneeka James, President
America’s Minority Health Network, Inc.
100 North First Street, Suite 104
Burbank, California 91502
Re: Short term funding assurance
Dear Shaneeka:
SEATAC, as a principal shareholder in AMHN, Inc. and a primary vendor of America’s Minority Health Network, Inc., a wholly owned subsidiary of AMHN, Inc., acknowledges that AMHN, Inc. is in the process of raising investment capital for the expansion of America’s Minority Health Network, Inc. Although expanding rapidly as it executes on its business plan, America’s Minority Health Network, Inc. has no material cash resources as of this date.
To assure that America’s Minority Health Network, Inc. has adequate day to day operating capital over the next six months, we at SEATAC are committed to loan America’s Minority Health Network, Inc. up to an additional five hundred thousand dollars ($500,000) on an “as needed basis” in the form of a third bridge loan.
Sincerely,
| SEATAC DIGITAL RESOURCES, INC. |
| /s/ Robin Tjon |
| Robin Tjon |
| President |
555 H St., Suite H, Eureka, CA 95501 —707 ###-###-#### —FAX ###-###-####
