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cartonet

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cartonet

Re: None

Sunday, 01/24/2016 11:06:07 AM

Sunday, January 24, 2016 11:06:07 AM

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Convertible Debenture has a principal of $20,000,000, is unsecured, and accrues interest annually of 6.0% which interest is not payable in cash but rather accrues and becomes principal of the debenture. The principal amount of, and any interest accrued on, the HC2 Convertible Debenture is convertible into Gaming Nation Shares at a conversion price equal to $1.125 per share ($2.25 on a post-consolidated basis) for a period of two years from the date of issuance, being April 6, 2017.
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