Mekaddesh buys JPEX for .0004 from Alpharidge…
“On March 9, 2023, pursuant to an agreement to purchase the five preferred shares control block of JPEX in exchange for $475,000, secured and memorialized in a convertible note of $475,0000, Alpharidge agreed to sell and transfer control of JPEX to Kuldip Singh, Jagandeep Kaur and Maria Guel.. The convertible note could convert at the discretion of the holder at $0.0004 per share. The Note has a 2-year term with 12% interest rate. Both principal and interest payments are deferred until maturity, or whenever the Company decides to pay off the Note. At the request of the Noteholder, the Company is required to increase the number of shares it is authorized to issue to the amount needed to accommodate the conversion of the Note”
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