On May 28, 2015, the Company issued and executed a Callable Secured Convertible Note to Johann Gumpp for $30,000, due May 28, 2016, bearing interest at the rate of 10% per annum. The conversion price shall be calculated at 70% of the Trading Price of the Borrower’s Common Stock on the defined Conversion Date. The Common Stock to the Holder shall be restricted pursuant to SEC Rule 144 with a twelve month holding period. (Substantially in the Form 10 attached as Exhibit 10.30)
On June 8, 2015, the Company issued and executed a Callable Secured Convertible Note to Johann Gumpp for $40,000, due June 8, 2016, bearing interest at the rate of 10% per annum. The conversion price shall be calculated at 70% of the Trading Price of the Borrower’s Common Stock on the defined Conversion Date. The Common Stock to the Holder shall be restricted pursuant to SEC Rule 144 with a twelve month holding period. (Substantially in the Form 10 attached as Exhibit 10.30)
On June 19, 2015, the Company issued and executed a Callable Secured Convertible Note to Johann Gumpp for $40,000, due June 19, 2016, bearing interest at the rate of 10% per annum. The conversion price shall be calculated at 70% of the Trading Price of the Borrower’s Common Stock on the defined Conversion Date. The Common Stock to the Holder shall be restricted pursuant to SEC Rule 144 with a twelve month holding period. (Substantially in the Form 10 attached as Exhibit 10.30)