Logiq Inc (LGIQ)

[Elcappy1]

Not many know what the deal is with the ibox until you start looking at the dates and what has been done since... There hasn't been any dilution in over 7 months. WEYL

23-Apr-2015

Entry into a Material Definitive Agreement


Item 1.01 Entry into a Material Definitive Agreements.
On multiple dates during the years of 2012 and 2013, Convertible Notes were issued to Asher Enterprises, Inc., KBM Worldwide, Inc. and Magna Asset Services, Inc.

As of April 21, 2015, the convertible notes issued to Asher Enterprises Inc. and Magna Asset Services, Inc. were completely converted representing a zero balance outstanding. An agreement is in place to retire the KBM Worldwide, Inc. convertible note and is expected to complete by May 29, 2015.