News 
Market Data 
Discover
Replies to post #28879 on Viaspace, Inc. (VSPC)
08/31/15 4:09 PM
09/04/15 4:47 PM
The Registrant entered into a Senior Secured Convertible Promissory Note (the "Agreement") with Kevin Schewe, Director, on September 28, 2012. On October 28, 2014, the Board of Directors of the Registrant voted to change the Conversion Price in the Agreement from 80% of the Average Trading Price as reported by the principal trading exchange on which the Registrant's Common Stock is traded for the twenty (20) trading days preceding the date of the Note to 50% of the Average Trading Price as reported by the principal trading exchange on which the Registrant's Common Stock is traded for the twenty (20) trading days preceding the date of the Note.
On August 31, 2015, the Board of Directors of the Registrant voted to change the Conversion Price in the Agreement from 50% of the Average Trading Price as reported by the principal trading exchange on which the Registrant's Common Stock is traded for the twenty (20) trading days preceding the date of the Note to 20% of the Average Trading Price as reported by the principal trading exchange on which the Registrant's Common Stock is traded for the twenty (20) trading days preceding the date of the Note.
The Amendment to Senior Secured Convertible Promissory Note is attached hereto as Exhibit 10.1.
