Short-Term Funding Assurance Letter between Seatac Digital Resources, Inc. and America’s Minority Health Network, Inc.
Seatac Digital Resources, Inc., a principal shareholder and vendor of America’s Minority Health Network, Inc. (AMHN), agrees to provide up to $500,000 in additional short-term funding to AMHN’s wholly owned subsidiary, America’s Minority Health Network, Inc. This funding will be available as needed over the next six months to support daily operations while AMHN seeks further investment capital. The commitment is structured as a second bridge loan to ensure the subsidiary has sufficient working capital during its expansion phase.
Exhibit 10.6
Seatac Digital Resources, Inc.
November 1, 2009
Sky Kelley, President
America’s Minority Health Network, Inc.
345 North Maple Drive, Suite 208
Beverly Hills, California 90210
Re: Short term funding assurance
Dear Sky:
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 second bridge loan.
Sincerely,
SEATAC DIGITAL RESOURCES, INC.
| /s/ Robin Tjon |
| Robin Tjon |
| President |
555 H St., Suite H, Eureka, CA 95501 — 707 ###-###-#### — FAX ###-###-####
