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Re: Reptos post# 32192

Tuesday, 06/30/2015 3:42:32 PM

Tuesday, June 30, 2015 3:42:32 PM

Post# of 49370
Your explanation is that the revenue will take care of the toxic financing - but you have failed to read the details of the Convertible Notes.

If you had read them you would see that HJOE has to pay a penalty for prepayment of the note:

Prepayment. At any time within the 90 day period immediately following the Issuance Date, the Company shall have the option, upon 10 business days’ notice to Holder, to pre-pay the entire remaining outstanding principal amount of this Note in cash, provided that (i) the Company shall pay the Holder 150% of the Outstanding Balance, (ii) such amount must be paid in cash on the next business day following such 10 business day notice period, and (iii) the Holder may still convert this Note pursuant to the terms hereof at all times until such prepayment amount has been received in full. Except as set forth in this Section the Company may not prepay this Note in whole or in part.

That day has long since past.

This is for Black Mountain Equities - and HJOE is in default of this note.

IG

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