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Re: premiumjavacoffee post# 4311

Wednesday, 06/24/2015 6:15:35 PM

Wednesday, June 24, 2015 6:15:35 PM

Post# of 6123
Maybe you can help me with the timeline and the wording below. It is an 8% loan with 257,143 shares for each $100,000 invested. On a $4.35M note there are 43.5x257,143 shares (11186720 shares) @ $0.23 or $2.57M. It seems to me there is a 5 year limit on when those shares can hit the street, if I am reading that correctly.

PR on Coffee Deal

The Notes, which mature in July 2019, are convertible into shares of the Company’s common stock at $0.35 cents per share. The Notes are secured by certain assets of the Company’s wholly owned subsidiary, CLR Roasters, LLC, personally guaranteed by the Company’s Chairman and CEO, Stephan Wallach, and bear interest at a rate of 8% per year. The Warrants are exercisable for five years after the closing date of the Purchase Agreement. For each $100,000 of principal amount of Notes, the holder received a warrant to purchase up to 257,143 shares of the Company’s common stock at $0.23 cents per share.

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