Loan Request
June 13, 2024, Project Deck upon Request
Meridian Power Group Inc.,
204 Legends Trace
McDonough Georgia 30253
Phone 678-284-0278 Ext 412
Direct 678-435-7010
[email protected]www.Meridianpowergroup.com
Terms: The principal terms of the proposed transaction would be substantially as follows:
Loan Amount: The transaction currently under negotiation is a Bridge loan of
$ 3,000,000
Collateral: Cash-Backed Surety Bond, underwritten by the assets of ECI and the initial fee having been paid for by ECI (Description attached) $10 Million Surety Bond that is Cash-backed and Re-insured by a top-rated insurance company has already been acquired and underwritten on behalf of JV Partner, Enochian Crypto, Inc. (See attached RWA). Can be increased to any amount up to $500M.
Bond Company has over a 30-year history with no incidents--bonded large projects such as Raiders (NFL) Stadium in Las Vegas, NV.
The bond guarantees the DEFAULT CLAUSE of the loan Contract and completely mitigates Risk to the Lender/Funding Party.
Enochian Crypto, Inc. and assets are already underwritten by the Bond Company, JV partner in this project.
Borrowers/Beneficiaries of Loan/Funding are responsible for the cost of the Bond from loan proceeds.
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