GMEV acquired PureSafe Water Systems by issuing aNON-CONVERTIBLE NOTES of $3M dollar!
NOTES ARE NON-CONVERTIBLE!
Entry Into Material Definitive Agreement
On September 25, 2017, the Company entered into a Securities Exchange Agreement with PureSafe Water Systems, Inc. (“Seller”) through which the Company purchased 100% of the outstanding common stock of Sustainable Resources Corporation, a Delaware corporation (“Sustainable”), in exchange for the issuance by the Company of a $3,000,000 non-convertible promissory note bearing a 5% per annum interest rate with a five year term.
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