Pacific Gold Corp fka PCFG

[sassanb]

Magna might have converted part of its note to shares, please read from below, more will be coming, outstanding shares close to one billion or maybe a little higher now


http://www.sec.gov/Archives/edgar/data/1137855/000151597114000081/0001515971-14-000081-index.htm

PACIFIC GOLD CORP.

TWELVE PERCENT (12%) CONVERTIBLE NOTE DATED MARCH 7, 2014


THIS NOTE (the "Note") is a duly authorized Convertible Note of PACIFIC GOLD CORP., a(n) NEVADA corporation (the "Company").

FOR VALUE RECEIVED, the Company promises to pay Magna Group, LLC (the "Holder"), the principal sum of $100,000 (the "Principal Amount") or such lesser principal amount following the conversion or conversions of this Note in accordance with Paragraph 2 (the "Outstanding Principal Amount") on March 7, 2015 (the "Maturity Date"), and to pay interest on the Outstanding Principal Amount ("Interest") in a lump sum on the Maturity Date, at the rate of twelve percent (12%) per Annum (the "Rate") from the date of issuance.

Unless otherwise mutually agreed upon or unless the Trading Price of Common Stock falls below $0.0004, the Holder agrees not to convert more than $10,500 every seven calendar days. Should the Trading Price of Common Stock fall below $0.0004, the Holder shall not have any limitation or restrictions on the dollar amount that Holder may convert.