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Re: Chaka post# 83133

Tuesday, 05/14/2019 12:21:54 PM

Tuesday, May 14, 2019 12:21:54 PM

Post# of 111073
chaka- Plenty of notes left to go:

$108,000 Note – Global – Note 27

$183,250 Convertible Note – Global – Note 28

$183,250 Convertible Note – Morningview – Note 29

$183,250 Convertible Note – Fourth Man – Note 30

$108,000 Convertible Note – Global – Note 31

$108,000 Convertible Note – Morningview – Note 32

$108,000 Convertible Note – Fourth Man – Note 33

On March 1, 2019, the Company completed the sale of Convertible Notes (“Notes”) and Common Stock Purchase Warrants (“Warrants”) to four institutional investors (the “Investors”) pursuant to a Securities Purchase Agreement between the Company and the Investors (the “Purchase Agreement”) dated as of February 19, 2019. The transaction was effected pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended and Rule 506(b) promulgated thereunder.

Pursuant to the Purchase Agreement, for a purchase price of $100,000.00, each Investor purchased a Note in the principal amount of $110,000.00 and a Warrant to purchase 1,334,951 shares of common stock. Each Note matures on March 1, 2020, bears interest at a rate of 8% per annum, and beginning 31 days after the closing date, is convertible into shares of the Company’s common stock at a conversion price equal to 65% of the Market Price of the common stock. “Market Price” as defined in each Exchange Note means the average of the two lowest “VWAPs” (as defined) of the Company’s common stock during the 15 trading days preceding the applicable conversion date. In addition, the Notes are subject to covenants, events of defaults and other terms and conditions customary in transactions of this nature.

https://www.sec.gov/Archives/edgar/data/1187953/000114420419017462/tv516069_10k.htm
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