DEC 12 APOCALYPSE NOW
Hence : 12 Billion Increase IN TIME FOR XMAS HOLIDAY
XMAS HOLIDAY BLOWOUT SALE COMING SOON !
CannaSys, Inc. 8% Convertible Redeemable Note [b ] Due December 12, 2017
CannaSys, Inc. 8% Convertible Redeemable Note Due December 12, 2017 , with corresponding Adar Bays, LLC Collateralized Secured Promissory Note
CannaSys, Inc. 8% Convertible Redeemable Note Due December 12, 2017 , with corresponding Adar Bays, LLC Collateralized Secured Promissory Note
B. Buyer desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement three 8% convertible notes of the Company, in the forms attached hereto as Exhibit A through C in the aggregate principal amount of $172,500.00 (with the first note being in the amount of $57,500.00 and two back end notes being in the amount of $57,500.00) (together with any note(s) issued in replacement thereof or as a dividend thereon or otherwise with respect thereto in accordance with the terms thereof, the "Note"), convertible into shares of common stock, of the Company (the "Common Stock"), upon the terms and subject to the limitations and conditions set forth in such Note. The first of the two notes (the "First Note") shall be paid for by the Buyer as set forth herein. Each of the two remaining $57,500 back end notes shall initially be paid for by the issuance of an offsetting $57,500.00 secured note issued to the Company by the Buyer (a "Buyer Note"), provided that prior to conversion of a particular back end note, the Buyer must have paid off that particular Buyer Note in cash such that the particular Back End Note may not be converted until it has been paid for in cash by Buyer.
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12. The Company shall issue irrevocable transfer agent instructions r eserving 364,000,000 shares of its Common Stock for conversions under this Note and a $75,000.00 note of even date herein (the "Share Reserve"). Upon full conversion of this Note, any shares remaining in the Share Reserve shall be cancelled. The Company shall pay all transfer agent costs associated with issuing and delivering the share certificates to Holder. If such amounts are to be paid by the Holder, it may deduct such amounts from the Conversion Price. The company should at all times reserve a minimum of four times the amount of shares required if the note would be fully converted. The Holder may reasonably request increases from time to time to reserve such amounts. The Company will instruct its transfer agent to provide the outstanding share information to the Holder in connection with its conversions.
4 times 364 Million = 1.45 BILLION ! Holy Toledo !
AI
