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Re: 236T568 post# 12249

Thursday, 05/30/2013 12:54:17 AM

Thursday, May 30, 2013 12:54:17 AM

Post# of 79883
I'm glad you're not my financial advisor. That clause only applies if MIMVI wants to pay off the loan early, notice where it says "prepayment". If they pay on the due date of 12/31/2013 then none of that matters, the company just pays cash and that's that. You need to read the whole thing. Good one!

And you seem to keep forgetting about this part. This means that the lender can purchase another note with the same terms. So it's definitely a benefit to the lender if the share price goes up and they certainly would not want to short the stock and cause the share price to go down. To not understand that is just plain silly

Each Purchaser shall have the right at any time, on or prior to the later of (A) December 31, 2013 and (B) the date on which no Notes remain outstanding, to purchase an additional OID Convertible Note from the Company for up to a principal amount equal to the amount of the Note purchased by such Purchaser hereunder (each an “Additional Note” and collectively the “Additional Notes”) on the same terms and conditions as applicable to the purchase and sale of the Note purchased on the date hereof by such Purchaser (each an “AIR Purchase”). For any Purchaser to exercise such AIR Purchase right, a Purchaser shall deliver a written notice to the Company electing such AIR Purchase, which notice shall specify the principal amount of the Additional Note to be purchased by such Purchaser (“AIR Amount”) and the date on which such purchase and sale shall occur (“AIR Closing”), which Air Closing shall occur within ten (10) days following such notice by such Purchaser.

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