Document ID: 3381

Text:
WHEREAS, subject to the terms and conditions set forth in this Agreement and pursuant to Section 4(2) of the Securities Act of 1933 , as amended (the Securities Act or 1933 Act), and Rule 506 promulgated thereunder by the United States Securities and Exchange Commission (the SEC), the Company desires to issue and sell to the Purchaser, and the Purchaser desires to purchase from the Company a 12% Convertible Note of the Company, in the form attached hereto as Exhibit A, in the principal amount of $75,000.00 (together with any note(s) issued in replacement thereof or as interest thereon or otherwise with respect thereto in accordance with the terms thereof, the Note), convertible into shares (Conversion Shares) of common stock, $0.001 par value per share (the Common Stock), of the Company, upon the terms and subject to the limitations and conditions set forth in such Note.

Named Entities:
23
26
Act
32
33
Act
35
36
Act
40
41
Regulation
78
79
Percentage
100
105
Principal
149
152
Price

Tokenized Text:
WHEREAS
,
subject
to
the
terms
and
conditions
set
forth
in
this
Agreement
and
pursuant
to
Section
4
(
2
)
of
the
Securities
Act
of
1933
,
as
amended
(
the
Securities
Act
or
1933
Act
)
,
and
Rule
506
promulgated
thereunder
by
the
United
States
Securities
and
Exchange
Commission
(
the
SEC
)
,
the
Company
desires
to
issue
and
sell
to
the
Purchaser
,
and
the
Purchaser
desires
to
purchase
from
the
Company
a
12
%
Convertible
Note
of
the
Company
,
in
the
form
attached
hereto
as
Exhibit
A
,
in
the
principal
amount
of
$
75
,
000
.
00
(
together
with
any
note
(
s
)
issued
in
replacement
thereof
or
as
interest
thereon
or
otherwise
with
respect
thereto
in
accordance
with
the
terms
thereof
,
the
Note
)
,
convertible
into
shares
(
Conversion
Shares
)
of
common
stock
,
$
0
.
001
par
value
per
share
(
the
Common
Stock
)
,
of
the
Company
,
upon
the
terms
and
subject
to
the
limitations
and
conditions
set
forth
in
such
Note
.