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ezgreen

03/23/18 11:00 AM

#254985 RE: pearjammer #254983

100 million in yearly revenue in <3years!! , should be about 1000% gain in pps

Magnum7419

03/23/18 11:01 AM

#254986 RE: pearjammer #254983

"The Notes will bear interest at a rate of 7.5% per annum, payable on each conversion date for the principal amount being converted and on the maturity date in either cash, or at our option, in shares of our Common Stock. The interest rate will increase by 18% per annum or the maximum rate permitted under applicable law upon the occurrence of any event of default that results in the eventual acceleration of the Notes."



"The Notes will be unsecured obligations of the Company."

"The Original Conversion Price equals $4.50. The Conversion Price in effect on any conversion date will equal the lesser of the Original Conversion Price or 87% of the average of the two lowest daily VWAP’S in the thirteen (13) trading days prior to the conversion date. Should an event of default under the Notes occur, then, during such time as the event of default is continuing, the Conversion Price will equal 70% of the average of the three (3) lowest VWAPs in the twenty (20) consecutive trading days prior to the conversion date."