Seafarer Exploration Corp (SFRX)

[hedge_fun]

SFRX - Additional paid in capital a/o 12/31/21…….$20,714,410

As of 12/31/22……$22,947,138

As of 9/30/23…….$25,431,883

Acknowledgement of Lender. Lender acknowledges that this Agreement may be deemed a “security” as such term is defined under the Securities Act of 1933, as amended (the “Securities Act”), as well as various states’ securities laws and that such Agreement will not be registered under the Securities Act, Chapter 517, Florida Statutes, or any other states’ securities laws on the grounds that the transaction in which this Agreement is issued qualifies for applicable exemptions from the securities registration requirements of such statutes. The exemptions being claimed include, but are not necessarily limited to, those available under Section 4(2) of the Securities Act and Section 517.061(11) Florida Statutes. The reliance by the Borrower upon the exemptions from the securities registration requirements of the federal and state securities laws is predicated in part on the representations of Lender set forth in this Agreement.

SFRX has raised over $2.5MM this year via dilution prior to this agreement, and this is no different.

Section 4(2) exemption.

https://www.sec.gov/Archives/edgar/data/1106213/000119983523000597/sfrx_ex10-1.htm

BTW, a little birdie told me those paid to trash OTC companies often get bonuses for ignores.