Intrinsyc Technologies, Stream TV Sign Strategic Agreement

By Super User
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Intrinsyc Technologies and Stream TV Networks have signed a strategic agreement which will see Intrinsyc invest $1.5 million in Stream TV in the form of a secured convertible promissory note instrument bearing interest at 3% per annum. At Stream TV’s option, this will convert into the class of securities on a future qualified equity financing by Stream TV, or principal and interest will be repayable in cash on the maturity date of December 31, 2015.