NSAV Holding Inc (NSAV)

[Howyadoing]

Asher = KBM Worldwide

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107265794

excerpt from NSAV's 10Q:

KBM Worldwide 2014 Note 4

On December 24, 2014, we entered into an agreement for the sale of a Convertible Promissory Note ("KBM Worldwide 2014 Note 4") in the principal amount $104,000 with an interest rate of 8% per annum pursuant to the terms of a Securities Purchase Agreement between KBM Worldwide, Inc. ("KBM Worldwide"), a New York corporation, and Net Savings Link, Inc. The KBM Worldwide 2014 Note 4 closed on January 21, 2015 and matures on September 29, 2015. The KBM Worldwide 2014 Note 4 calculation of variable convertible price is as follows:

The conversion price (the "Conversion Price") shall equal the Variable Conversion Price (as defined herein) (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower's securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The "Variable Conversion Price" shall mean 55% multiplied by the Market Price (as defined herein) (representing a discount rate of 45%). "Market Price" means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the twenty (20) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10570498