Eyes on the Go, Inc. (AXCG)

[skietz]

The Purchaser, by entering the Purchase Agreement and a related Convertible Promissory Note (the “Note”) will forgive the original face amount of debt in the amount of $894,923 owed by the Company to the Purchaser, in exchange for Note which provides for interest at the rate of eight (8%) percent per annum and grants the Purchaser the right to convert $744,923 into unregistered common stock of the Company, $0.000001 par value per share (“Common Stock”). The Note matures on April 24, 2015 (the “Maturity Date”). At the Purchaser’s election, the Maturity Date may be extended a further nine (9) months. The original face amount of the Note, together with accrued interest (to the extent not converted into common stock) will be due on the Maturity Date. The Note also provides for default interest at the rate of fifteen percent (15%) per annum for amounts not timely paid.