Axiologix Inc. (AXLX)

[pmello3]

commencing twelve months after the Closing Date, and subject to additional conversion and selling restrictions as set forth in the Merger Agreement and the Certificate of Designation of Series D Preferred Stock (the “Shares”) (iii) the issuance of a $2,750,000 unsecured promissory note, accruing six (6%) interest per annum with quarterly payments of $275,000 commencing twelve (12) months after the Closing Date, and with interest to be paid in arrears quarterly in cash beginning with the first quarterly payment due 12 months after the Closing Date. In twelve months this company will be in another place, which will give them payout and buyback options. You Have to read completely!!