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Private Equity Investor Advances Secured Loan to Technology Company

Maxis Law represented the Lender with a team led by Michael Varabioff.

A family office private equity investor (the “Lender”) entered into a loan agreement with a private technology company (the “Borrower”) pursuant to which the Lender advanced a secured loan to the Borrower in the amount of $1.4 million (the “Loan”).  As a condition to advancing the Loan, the Borrower agreed to complete a financing of simple agreements for future equity to raise additional funds.