Irrevocable Undertaking to Provide Convertible Loan by Yair Goldfinger to Whitesmoke Inc.
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Summary
Yair Goldfinger agrees to provide Whitesmoke Inc. with $100,000 as a convertible loan if the company requests it in writing by October 31, 2011. The funds must be transferred within three business days of such a request and will be subject to the same terms as a previous Convertible Loan agreement from January 2011. This letter serves as an irrevocable commitment to provide the funds under those conditions.
EX-10.27 8 v235391_ex10-27.htm EXHIBIT 10.27
Exhibit 10.27
August 18, 2011
To:
Whitesmoke Inc.
Dear Sirs,
Re: Irrevocable Undertaking
I, the undersigned, Yair Goldfinger, hereby irrevocably undertake to provide to Whitesmoke Inc. (the “Company”) an amount of $100,000, to be transferred by the undersigned to the Company within three (3) business days from receipt of a written request by the company for such funds. Such request is to be received by me no later than October 31, 2011.
Should the Company request receipt of the funds the funds shall be granted as a convertible loan in accordance with the terms and conditions as the funds provided under the Convertible Loan agreement entered into between the Company and certain investors, dated January 2011, the terms of which I am familiar with.
Sincerely,
| /s/ Yair Goldfinger |
| Yair Goldfinger |
