DarkPulse Inc (DPLS)

[TenKay]

Q out. So there are TWO Carebourn notes now?

Securities Purchase Agreements

Effective July 18, 2018 the Company entered into a securities purchase agreement with Carebourn Capital, L.P., a Delaware limited partnership (“Carebourn”), providing for and issuing to Carebourn a convertible promissory note in the aggregate principal amount of $184,000, with a $24,000 original issue discount and $10,000 in transactional expenses due to Carebourn. The note bears interest at the rate of 12% per annum, is due and payable on June 20, 2019, and may be converted by Carebourn at any time after funding into shares of Company common stock at a conversion price equal to 60% of the average of the three lowest trading prices of the Company’s common stock during the 20 prior trading days. The $150,000 in net proceeds were used for payment of the consideration for the Merger.

Effective July 27, 2018, the Company entered into a securities purchase agreement with Carebourn providing for and issuing to Carebourn a convertible promissory note in the aggregate principal amount of $276,000, with a $36,000 original issue discount and $15,000 in transactional expenses due to Carebourn, and funding in tranches of $150,000 and $75,000 to the Company, with the initial $150,000 tranche funded to the Company on July 27, 2018. The note bears interest at the rate of 12% per annum, is due and payable on July 24, 2019, and may be converted by Carebourn at any time after funding into shares of Company common stock at a conversion price equal to 60% of the average of the three lowest trading prices of the Company’s common stock during the 20 prior trading days.

https://www.otcmarkets.com/filing/html?id=12920814&guid=SHmEUahrG22Mr3h

Dennis and Tommy Boy not wasting any time....