I have posted this before and should have when I mentioned it again. It is in a SEC 8K filing, Nov. 2020. This was note with terrible terms that grew from the initial 200K when created in 2018 quickly grew to over $600K. It was disputed and settled for $400K as described in the filing. Good news is the 14 million share leak out provision LOL!! This was a disputed note so I'm wondering if Jason will support it with PRs like he has for previous conversions or let them convert without. He may not in my opinion because the massive reverse split will help repair the damage. Besides, he will need some juicy PRs to keep the price from tanking again after the reverse split. The last post split period was UUUGGGGLLLYYY!!!
"Effective 17 November 2020, Data443 Risk Mitigation, Inc. (the “Company”) entered into an agreement with an existing lender to settle a dispute regarding a convertible promissory note, and exchanged that note for a newly issued note. The disputed note, referred to herein as the “Smea2z Note”, was originally issued on 23 October 2018 in favor of SMEA2Z LLC in the original principal amount of Two Hundred Twenty Thousand Dollars ($220,000), with a variable conversion feature at discount to the market price, and a maturity date of 23 July 2019. Subsequent to the issuance of the Smea2z Note, a series of agreements were executed which amended various terms and conditions of the Smea2z Note, resulting in, among other things, a purported current principal balance of Six Hundred Thousand Eight Hundred Fifty Dollars ($608,850), a variable conversion feature at a deeper discount to the market price, and a maturity date of 30 June 2021. The Smea2z Note was recently acquired by the current holder."
"The Exchange Note was issued as of 17 November 2020 in the reduced original principal amount of Four Hundred Thousand Dollars ($400,000). The Exchange Note further provides as follow..."
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