Letter from American IronHorse Motorcycle Company

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