INVESTMENT AGREEMENT
THIS INVESTMENT AGREEMENT AND PROMISSORY NOTE (the “Note”), is made
this [insert date], by and between XXX MISTRY [insert physical address and
contact details] (hereinafter, known as “INVESTOR”) and XXX ENTERTAINMENT, a Corporation organized under the laws of the State of Georgia
(hereinafter, known as “RECIPIENT”). RECIPIENT and INVESTOR shall collectively
be known herein as “the Parties”. In determining the rights and duties of the Parties
under this Investment Agreement, the entire document must be read as a whole.
RECITALS:
1. WHEREAS, the parties desire that, upon the terms and subject to the
conditions contained herein, the INVESTOR shall invest up to $[insert
amount] (the “Commitment Amount”) towards the RECIPIENT’s Reality TV
Show dubbed TIE THE KNOT OR NOT.
2. WHEREAS the RECIPIENT is willing to receive such Commitment Amount
from the INVESTOR;
NOW THEREFORE, in consideration of the foregoing recitals, which shall be
considered an integral part of this Agreement, the covenants and agreements set
forth hereafter, and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the RECIPIENT and the INVESTOR
hereby agree as follows:
PROMISSORY NOTE
FOR VALUE RECEIVED, RECIPENT promises to repay to the order of INVESTOR,
the sum of $[insert amount invested] dollars together with interest thereon at a rate
of 100 percent (%).
ADDITIONAL TERMS
The RECIPENT and INVESTOR, hereby further set forth their rights and obligations
to one another under this Investment Agreement and Promissory Note and agree to
be legal bound as follows:
A. Commitment Amount Advanced $[insert amount]
INVESTOR will advance the amount(s) to Recipent in three (3) separate
payments according to the following schedule:
1. $ [insert amount] which is 50% of the Commitment Amount to be
advanced on the date of signing this agreement.
2. $ [insert amount] which is 25% of the Commitment Amount to be
advanced, on or before [insert date]
3. $ [insert amount] which is the remaining 25% of the Commitment
Amount to be advanced, on or before [insert date]
B. Commitment Amount Repayment Terms.
RECIPENT will start making payment(s) to INVESTOR 6 months after the
release of the last episode of the first season of the said Reality show, Tie the
Knot or Not, by the RECIPIENT. This amount shall be paid monthly until
payment in full according to the following schedule:
1. $[insert amount] on or before [insert date],
2. $[insert amount] on or before [insert date],
3. $[insert amount] on or before [insert date],
4. $[insert amount] on or before [insert date],
5. $[insert amount] on or before [insert date],
6. $[insert amount] on or before [insert date],
C. Collateral.
[please specify if there is any collateral for the amount advanced]
D. Method of Re-Payment.
The RECIPENT shall make all payments called for under this investment
agreement by sending check or other negotiable instrument made payable to
the following individual or entity at the address indicated:
[insert investor’s name]
[insert investor’s mailing address]
If INVESTOR gives written notice to RECIPENT that a different address shall
be used for making payments under this investment agreement, RECIPENT
shall use the new address so given by INVESTOR.
E. Default.
The occurrence of any of the following events shall constitute a Default by the
RECIPENT of the terms of this investment agreement and promissory note:
1) RECIPENT’S failure to pay any amount due as principal or interest on
the date required under this investment agreement.
2) Penalty for Late Payment. There shall also be imposed upon
RECIPENT a 2% penalty for any late payment computed upon the
amount of any principal and accrued interest whose payment to
INVESTOR is overdue under this Investment agreement and for which
INVESTOR has delivered a notice of default to RECIPENT
3) Indemnification of Attorneys Fees and Out-of-Pocket Costs. Should
any party materially breach this agreement, the non-breaching party
shall be indemnified by the breaching party for its reasonable attorneys’
fees and out-of-pocket costs which in any way relate to, or were
precipitated by, the breach of this agreement. The term “out-of-pocket
costs”, as used herein, shall not include lost profits. A default by
RECIPENT which is not cured within 15 days after receiving a written
notice of default from INVESTOR constitutes a material breach of this
agreement by RECIPENT.
F. Integration.
This Agreement, including the attachments mentioned in the body as
incorporated by reference, sets forth the entire agreement between the
Parties with regard to the subject matter hereof. All prior agreements,
representations and warranties, express or implied, oral or written, with
respect to the subject matter hereof, are superseded by this agreement. This
is an integrated agreement.
G. Severability.
In the event any provision of this Agreement is deemed to be void, invalid, or
unenforceable, that provision shall be severed from the remainder of this
Agreement so as not to cause the invalidity or unenforceability of the
remainder of this Agreement. All remaining provisions of this Agreement shall
then continue in full force and effect. If any provision shall be deemed invalid
due to its scope or breadth, such provision shall be deemed valid to the extent
of the scope and breadth permitted by law.
H. Modification.
Except as otherwise provided in this document, this agreement may be
modified, superseded, or voided only upon the written and signed agreement
of the Parties. Further, the physical destruction or loss of this document shall
not be construed as a modification or termination of the agreement contained
herein.
I. Exclusive Jurisdiction for Suit in Case of Breach.
The Parties, by entering into this agreement, submit to jurisdiction in State of
Georgia for adjudication of any disputes and/or claims between the Parties
under this agreement.
J. State Law.
This Agreement shall be interpreted under, and governed by, the laws of the
State of Georgia.
IN WITNESS WHEREOF and acknowledging acceptance and agreement of the
foregoing, RECIPENT and INVESTOR affix their signatures hereto.
RECIPENT: INVESTOR
/s/ ___________________ /s/_____________________
XXX MISTRY
Dated: [insert date]
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