CarbonMeta Technologies Inc (COWI)

[SPIN]

Convertible Debenture

In April 2003, Hy-Tech issued a convertible debenture for $1,000,000 due in
April 2008. The convertible debenture is convertible into common stock at the
lesser of (a) $0.35 per share or 125% of the average closing bid prices per
share of the Company's Common Stock during the five trading days immediately
preceding April 29, 2003 or (b) 100% of the average of the three lowest closing
bid prices for the forty days preceding the date of conversion. In connection
with the financing, Hy-Tech paid a fee of $100,000. The convertible debentures
if not converted are due in August 2008. As of August 31, 2003, the outstanding
convertible debentures totaled $424,566.

Subsequent Event

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On October 7, 2003, the convertible debentures were fully converted to common
stock.

http://www.sec.gov/Archives/edgar/data/1156784/000114420403006493/form10qsba.txt

got bounced from RB for pointing out on a few threads that "HPOBET" is a paid basher... HPOBET won't come over here b/c Matt would have his ISP.

absurd.