Logiq Inc (LGIQ)

[12yearplan]

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT


On June 16, 2014, Seratosa Inc. (the “Company”) entered into a lockup agreement with both of its two convertible debenture noteholders (the “noteholders”) in the aggregate amount of $350,000 under which the noteholders agree not to convert any outstanding principal amount into shares of the Company’s common stock until March 15, 2015. In exchange, on March 15, 2015, the noteholders will be issued an aggregate amount of 300,000 shares of newly issued Company common stock bearing a standard Rule 144 restrictive legend.