Replies to post #11753 on World Moto Inc (fka FARE)

[Sujitta]

The Debentures accrue interest at the rate of 12% annually, which interest shall be guaranteed regardless of the date of repayment, and have a maturity date of twelve months from the date of issuance. We are obligated to make amortization payments beginning on the six month anniversary of the issuance date of the Debentures and continuing monthly thereafter. The Debentures are convertible into shares of our common stock at any time at the discretion of the Investors at a conversion price equal to the lesser of (i) $0.10 or (ii) 70% of the lowest traded price per share of the common stock during the twenty five (25) trading days prior to the date of conversion. The shares of common stock underlying the Debentures will be issued in reliance upon an exemption from the registration requirements of the Securities Act and/or Rule 506 of Regulation D promulgated thereunder.

I promise you that they have not given notice on the second $500k.