UnifiedOnline Inc fka UOIP

[magnus_invest]

Your history lesson:

Uo! Ip Of Nc, LLC is a Limited Liability Company located in Greensboro , North Carolina. The company was registered on 2009-06-17 and it is approximately 9 years years old. According to North Carolina business register Uo! Ip Of Nc, LLC status is Current-Active.
Uo! Ip Of Nc, LLC agent is Carter, William R., Jr.

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https://www.sec.gov/Archives/edgar/data/1097718/000135448815005300/uoip_10q.htm
 
On February 27, 2014, Agility Ventures LLC sold and assigned the Master Lease and Equipment Schedule to a third party, UO! IP of NC, LLC (see Note 5).  UO! IP of NC, LLC has advanced the payments made on this lease to the Company at a rate of 10% per annum.  The balance due to UO!IP of NC, LLC was $635,000 at September 30, 2015 and  June 30, 2015, respectively.

On April 23, 2014, we entered into a Subscription Agreement with UnifiedOnline! LLC (the “Subscriber”), a Delaware limited liability company, pursuant to which the Subscriber purchased 400,000 shares of Series AA Preferred Stock which were converted on January 5, 2015 to 903,825,954 shares of common stock becoming a majority shareholder in the Company.  UO! IP of NC, LLC is a related party to Unified Online! LLC. In consideration for the Shares, Subscriber paid $116,087 to various vendors and obtained the agreement of a certain related party lessor to temporarily forbear exercising non-payment default remedies.  Since entering into the Subscription Agreement, the Subscriber has advanced approximately $1.0 million bearing interest at 10% per annum to fund general working capital.  The balance due was $1,090,255 and $1,029,005 at September 30, 2015 and June 30, 2015, respectively, and is reflected as note payable, related party in the balance sheet.
 
On January 5, 2015, IceWEB, Inc. changed its name to UnifiedOnline, Inc.

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Aug 15, 2014

CHANBOND, LLC was formed in Delaware as a Limited Liability Company
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Jan 5, 2015

https://www.einpresswire.com/article/242649598/iceweb-name-change-and-reverse-split-is-complete

We’re also branching into the area of Intellectual Property Monetization around patent portfolios we’re negotiating in our lines of business; there’ll be more on that later.

I’ve never been more excited to be a part of anything as I am to be making these changes. We’ve worked extremely hard to get our company into position to make this happen. Our model is sound; our approach is right; our systems are perfected, and our resolve is solid. Come along with us! Be a part of UNIFIEDONLINE!, INC (UOIP: OTC BB). It’s a new day and a bright future!” Howe said.
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Sep 21, 2015
Chanbond files suit against 13 cable providers. Chanbond and their legal team MISHCON DE REYA NEW YORK LLP file suite against the 13 cable providers

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https://www.streetinsider.com/dr/news.php?id=11104682
Oct 27, 2015
purchase agreement by and among Deirdre Leane, and ChanBond, LLC
Company purchased Chanbond, in exchange for a cash payment of five million U.S. Dollars ($5,000,000) payable on or before October 27, 2020 (the “Cash Payment”) and a shares payment of forty-four million, seven hundred thousand (44,700,000) shares of the Company’s common stock

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Oct 27, 2015
https://www.sec.gov/Archives/edgar/data/1097718/000135448815004760/uoip_8k.htm

Robert M. Howe, III of UnifiedOnline, Inc. purchases ChanBond, LLC
Robert M. Howe, III of UnifiedOnline, Inc. (the “Company”) entered into a purchase agreement (the “Agreement”) by and among Deirdre Leane, (the “Seller”) and ChanBond, LLC (“Chanbond”)

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Oct 27, 2015
https://www.streetinsider.com/dr/news.php?id=11104682

Deirdre Leane is the Manager of Chanbond. LLC
according to her signature on the 10-Q Deirdre Leane is the manager of Chanbond, LLC Schedule 2.2.7

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https://www.sec.gov/Archives/edgar/data/1097718/000135448815005300/uoip_10q.htm

On October 27, 2015, the Company entered into a purchase agreement (the “Agreement”) by and among Deirdre Leane, (the “Seller”) and ChanBond, LLC (“Chanbond”), pursuant to which the Company purchased Chanbond, in exchange for a cash payment of five million U.S. Dollars ($5,000,000) payable on or before October 27, 2020 (the “Cash Payment”) and a shares payment of forty-four million, seven hundred thousand (44,700,000) shares of the Company’s common stock (the “Shares”) par value of $0.001. The obligation to make the Cash Payment shall be evidenced by a promissory note (the “Promissory Note”). The above securities were issued in reliance upon exemptions from registration pursuant to Section 4(2) under the Securities Act of 1933, as amended (the “Securities Act”) and/or Rule 506 promulgated under the Securities Act.

On the Closing Date, pursuant to the Agreement, the Seller executed an interest assignment deed which assigned, transferred and conveyed all of its membership interests in ChanBond to the Company and ChanBond appointed William R. Carter, Jr. (a related party to the Company) as sole manager (“Manager”) who shall have sole and exclusive authority over the business of ChanBond.
 
Effective October 27, 2015, the Company entered into $5,000,000 no interest Promissory Note with the Seller.  The Promissory Note is due and payable on or prior to October 27, 2020.  If the Promissory Note is not paid in full by the Maturity Date, the aggregate principal amount shall be increased by Twenty Five Thousand Dollars ($25,000) for each month such payment is delayed (or pro rata portion thereof) until paid in full.

Until the Note is paid in full, the Company shall be obligated to make payments on this Promissory Note to the Seller from 100% of any Net Revenues, derived from the monetization of the ChanBond patent portfolio, within thirty (30) calendar days after each calendar month commencing with the calendar month ending October 31, 2015.

In October, 2015 a forbearance agreement was reached between the Company and UO! IP of NC, LLC which forbeared its enforcement of rights due to the existing defaults and amended the payment terms of the lease.  The final payment date has been extended to October 31, 2017 at which time the then outstanding principal balance, together with all accrued but unpaid interest on the unpaid balance, shall be due and payable in full



Long UOIP,
~Magnus