InvestorsHub Logo
Post# of 1138
Next 10
Followers 0
Posts 15717
Boards Moderated 0
Alias Born 09/21/2006

Re: None

Monday, 09/03/2012 6:52:35 PM

Monday, September 03, 2012 6:52:35 PM

Post# of 1138
GLOBAL HEALTH VOYAGER, INC.

On July 19, 2012, the Company entered into a Notes Purchase Agreement (“NPA”) with Asher Enterprises, Inc. (“Asher”), a Delaware corporation (“Holder” or “Asher”). Under the terms of the Note Agreement, the Company will issue to Asher convertible notes (the “Notes”) of $22,500. The Notes have a nine month maturity date from issuance. The note bears interest at 8%.
Any amount of principal or interest on these notes which is not paid when due shall bear interest at 22% from the due date until paid. The conversion price shall equal the variable conversion price which shall mean 55% multiplied by the market price (representing a discount rate of 45%). Market price means the average of the lowest three trading prices for the common stock during the ten trading day period ending on the latest complete trading day prior to the conversion date. BCF is contingent on the Company’s average stock price as determined by the conversion formula. This BCF is not recorded and will be recorded when the contingency is resolved.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.