Double Down Holdings Inc. - FORM S-1/A - EX-10.2 - COMMITMENT LETTER - January 6, 2014

Attached files

file filename
S-1/A - AMENDMENT NO. 3 TO FORM S-1 - Double Down Holdings Inc.g7095.txt
EX-23.1 - CONSENT OF AUDITOR - Double Down Holdings Inc.ex23-1.txt
EX-10.1 - SOFTWARE CONSULTING AGREEMENT - Double Down Holdings Inc.ex10-1.txt
EX-16.1 - LETTER FROM FORMER AUDITOR - Double Down Holdings Inc.ex16-1.txt
 

                                                                    Exhibit 10.2

                               RUSSELL RHEINGROVER
                     9625 Mission Gorge Road, Suite B2 #318
                            Santee, California 92071

June 21, 2013

I, Russell Rheingrover, hereby agree that I will provide funding to Ticket Corp.
in an amount sufficient to maintain a positive cash balance in the company's
ticket purchase bank account and prevent temporary cash shortfalls. Temporary
cash shortfalls occur when the daily purchase of tickets exceeds the daily cash
collection from ticket sales. This delay in daily cash collections is contingent
upon merchant bank processing of credit card payments which may result in an
overnight delay of depositing funds into the Ticket Corp. bank account. These
funds shall be used solely for the purpose of avoiding temporary cash shortfalls
from merchant bank processing of Ticket Corp. ticket sales.

I agree to provide funding for these possible daily cash shortfalls in an amount
up $50,000 in order to maintain a daily positive cash balance and allow the
company to maintain its daily inventory quota of ticket purchases. I agree to
provide this funding for a period of one year from today.


/s/ Russell Rheingrover
-----------------------------
Russell Rheingrove

Double Down Holdings Inc. Reports