HUMBL Inc (HMBL)

[nfrequent]

From 2016 Annual Report:

"On November 9, 2015, the Company issued a convertible debenture to a current shareholder. The face value of the debenture is $25,000.00. The term of the debenture is two (2) years from the date of issue (November 8, 2017). The annual interest rate is 5%. The debenture, and any accrued interest, is convertible into unregistered and restricted common stock of the Company at a price of $0.0005 per share at the debenture holder’s discretion. The debenture carries two additional options; the first option is to purchase an additional $25,000 worth of common stock at $0.0005, and the second option is to purchase $25,000.00 worth of common stock at $0.001 per share. All options expire coincident with the term of the debenture.

Any common stock issued, in accordance with the terms of the debenture, are eligible for “piggy back” registration."

Look for no dilution solution!