Document ID: 2924

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
38
39
Act
44
45
Regulation
84
85
Percentage
106
111
Principal
159
162
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
.