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Replies to post #221787 on MyECheck Inc (fka MYEC)
On May 28, 2015, the Company issued and executed a Callable Secured Convertible Note to Johann Gumpp for $30,000, due May 28, 2016, bearing interest at the rate of 10% per annum. The conversion price shall be calculated at 70% of the Trading Price of the Borrower’s Common Stock on the defined Conversion Date. The Common Stock to the Holder shall be restricted pursuant to SEC Rule 144 with a twelve month holding period. (Substantially in the Form 10 attached as Exhibit 10.30)
On June 8, 2015, the Company issued and executed a Callable Secured Convertible Note to Johann Gumpp for $40,000, due June 8, 2016, bearing interest at the rate of 10% per annum. The conversion price shall be calculated at 70% of the Trading Price of the Borrower’s Common Stock on the defined Conversion Date. The Common Stock to the Holder shall be restricted pursuant to SEC Rule 144 with a twelve month holding period. (Substantially in the Form 10 attached as Exhibit 10.30)
On June 19, 2015, the Company issued and executed a Callable Secured Convertible Note to Johann Gumpp for $40,000, due June 19, 2016, bearing interest at the rate of 10% per annum. The conversion price shall be calculated at 70% of the Trading Price of the Borrower’s Common Stock on the defined Conversion Date. The Common Stock to the Holder shall be restricted pursuant to SEC Rule 144 with a twelve month holding period. (Substantially in the Form 10 attached as Exhibit 10.30)
On April 6, 2015, the Company issued and executed a convertible promissory note to Charlie Abujudeh for $40,000, due April 6, 2016, bearing interest at the rate of 10% per annum. This note shall be paid in full or in part to Holder by conversion into Common Stock at the maturity date based upon the discounted price of seventy percent (70%) of the closing price of the Company’s Common Stock on the date of this Note being April 6, 2015 as posted at the OTC Markets exchange of $0.0102 per share for a total common stock issuance of 3,913,894. (Substantially in the Form 10 attached as Exhibit 10.28)
On April 8. 2015, the Company issued and executed a convertible promissory note to Charlie Abujudeh for $13,000, due April 8, 2016, bearing interest at the rate of 10% per annum. This note shall be paid in full or in part to Holder by conversion into Common Stock at the maturity date based upon the discounted price of seventy percent (70%) of the closing price of the Company’s Common Stock on the date of this Note being April 8, 2015 as posted at the OTC Markets exchange of $0.0098 per share for a total common stock issuance of 1,326,531. (Substantially in the Form 10 attached as Exhibit 10.28)
On April 16, 2015, the Company issued and executed a convertible promissory note to Charlie Abujudeh for $30,000, due April 16, 2016, bearing interest at the rate of 10% per annum. This note shall be paid in full or in part to Holder by conversion into Common Stock at the maturity date based upon the discounted price of seventy percent (70%) of the closing price of the Company’s Common Stock on the date of this Note being April 16, 2015 as posted at the OTC Markets exchange of $0.0087 per share for a total common stock issuance of 3,456,221. (Substantially in the Form 10 attached as Exhibit 10.28)
On April 23, 2015, the Company issued and executed a convertible promissory note to Charlie Abujudeh for $25,000, due April 23, 2016, bearing interest at the rate of 10% per annum. This note shall be paid in full or in part to Holder by conversion into Common Stock at the maturity date based upon the discounted price of seventy percent (70%) of the closing price of the Company’s Common Stock on the date of this Note being April 23, 2015 as posted at the OTC Markets exchange of $0.0096 per share for a total common stock issuance of 2,606,882. (Substantially in the Form 10 attached as Exhibit 10.28)
On May 6, 2015, the Company issued and executed a convertible promissory note to Charlie Abujudeh for $20,000, due May 6, 2016, bearing interest at the rate of 10% per annum. This note shall be paid in full or in part to Holder by conversion into Common Stock at the maturity date based upon the discounted price of seventy percent (70%) of the closing price of the Company’s Common Stock on the date of this Note being May 6, 2015 as posted at the OTC Markets exchange of $0.0094 per share for a total common stock issuance of 2,132,196. (Substantially in the Form 10 attached as Exhibit 10.28)
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