(“DuSolo”) to extend the term of the $750,000 convertible loan originally made to Dusolo in September 2015. Pursuant to the amended and restated loan agreement, accrued interest and the original establishment fee have been capitalized and added to the principal amount of the loan (bringing it to $876,267), the maturity date of the loan has been extended to December 7, 2017, and the conversion price has been reduced. Tembo may, at any time, convert the loan into units of DuSolo at a price of $0.05 per unit, with each unit being comprised of one common share of DuSolo and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.065 per share for a period of 36 months from the date of issuance. Tembo currently holds 90,563,519 common shares of DuSolo, representing approximately 37.40% of the issued and outstanding common shares, and also holds warrants to purchase an additional 3,982,500 common shares. Pursuant to the amended and restated loan agreement, and assuming full conversion of the loan, Tembo would be entitled to receive 17,525,340 common shares and 8,762,670 common share purchase warrants. Assuming conversion in full of the loan and the exercise of all warrants then held by Tembo, Tembo would hold approximately 44.36% of DuSolo’s common shares on a partially diluted basis. The entering into of the amended and restated loan agreements was made for investment purposes.
A hardship letter is your opportunity to let your bank know what has happened since they originated your mortgage, and why you must get a modification on your current terms. In the Standard Mileage Rate method, you need to total all the miles travelled by you throughout the year and multiply the same by the Standard Mileage Rate his explanation given for a particular year when you are filing your taxes. A lot of people don’t know this since they usually have no reason to. There are various expenses that you may have to meet during day to day dealings. The Home Affordable Modification Plan ensures that home-owners who are going through financial hardship are given the right to apply, but not necessarily be approved depending on the criteria the lender is looking for. If you have a 2nd Trust Deed on your property and you are not paying that loan off with your refinance, the current lender on the 2nd Trust Deed must agree to subordinate to the new first FAA loan.
Does the cash gifting program you are considering joining have a plan of operation, a back office with tracking and subscriber lbeting for you to follow up with? If you are hunting for quick funds despite bad credits, instant decision no credit checks quick approval helps you to quickly realize your urgent needs, the other option laid open to you is the urgent cash loans with require no collateral verification or credit checks. Chase bank does have its own process and it is worthwhile to investigate their loan modification process, especially before accepting foreclosure. If you are tired of payments you cannot afford, then it might be for the best to give Wells Fargo loan modification a chance. Thereby, you are saved of all the unwanted burden of going in for a detailed credit check.