CSMG Technologies, Inc (fka CTGI)

[ypsiCPA]

Financing arrangement in the current credit environment is impressive. Not to be missed from 8-K:

Under the Securities Purchase Agreement, La Jolla has the right to have CSMG issue a second, third and fourth convertible debenture, each in the principal amount of $1,500,000 with terms similar to the First Convertible Debenture, and issue second, third and fourth promissory notes, each in the principal amount of $1,100,000 and accompanied in each case by an immediate cash payment of $400,000 to CSMG with terms similar to the First Secured Note.