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Tuesday, May 15, 2018 10:05:06 AM
You know what requires a 6 months delay before a debt can be converted ? SEC's Rule 144.
I wonder how many lenders have faxed VTNL conversion notices this week, and will enjoy the volume created by the PR.
Just happenstance, of course.
Principal Amount: $50,000.00 Issue Date: December 15, 2017
12% CONVERTIBLE NOTE
FOR VALUE RECEIVED , VET ONLINE SUPPLY, INC., a Florida corporation (“Borrower” or “Company”), hereby promises to pay to the order of EMA FINANCIAL, LLC, a Delaware limited liability company, or its registered assigns (the “Holder”), on December 15, 2018, (subject to extension as set forth below, the “Maturity Date”), the sum of $50,000.00 as set forth herein, together with interest on the unpaid principal balance hereof at the rate of twelve (12%) per annum (the “Interest Rate”) from the date of issuance hereof until this Note plus any and all amounts due hereunder are paid in full, and any additional amounts set forth herein, including without limitation any Additional Principal (as defined herein).
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