Loan and Related Agreements between American IronHorse Motorcycle Company, Inc. and Xponential, Inc.

Contract Categories: Business Finance › Loan Agreements
Summary

American IronHorse Motorcycle Company, Inc. is borrowing $900,000 from Xponential, Inc. As part of this loan, American IronHorse will pay a 2% origination fee ($18,000) to Xponential. The agreement includes a promissory note, a subordination agreement involving other parties, and a warrant allowing Xponential to purchase 90,000 shares of the company's common stock. These documents outline the terms of the loan, the rights of the lender, and the relationship with other creditors.

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EX-10.3 4 d34881exv10w3.htm LETTER FROM AMERICAN IRONHORSE MOTORCYCLE COMPANY exv10w3  

Exhibit 10.3
American IronHorse Motorcycle Company, Inc.
4600 Blue Mound Road
Fort Worth, Texas 76106
817 ###-###-####
April 3, 2006
Xponential, Inc.
6400 Atlantic Boulevard, Suite 190
Norcross, Georgia 30071
         
 
  Re:   Loan to American IronHorse Motorcycle
 
      Company, Inc. (the “Company”)
Dwayne:
     Enclosed are the following documents:
     1. Promissory note in the original principal amount of $900,000 payable by the Company to Xponential, Inc.;
     2. Subordination Agreement by and among Xponential, Inc., Curtiswood Capital, LLC, American IronHorse Motorcycle Company, Inc., and Textron Financial Corporation; and
     3. Warrant issued to Xponential, Inc. for the purchase of 90,000 shares of common stock of the Company.
     In addition, as partial consideration for the $900,000 loan to the Company, the Company will pay to Xponential, Inc. an origination fee of two percent (2%) of the loan amount, or $18,000.
         
 
       
 
  Yours very truly,    
 
        
 
  /s/ Robert A. Krause    
 
        
 
  Robert A. Krause