Document ID: 14252

Text:
2.1 Initial Loan. According to the terms and subject to the conditions of this Agreement, the Lender shall make a single-installment loan to the Company on the Initial Loan Closing Date in an amount determined by Lender in his sole discretion (the Initial Loan), and may advance additional Loans, upon the Companys request and accordance with the terms set forth in Section2.2, in the amount up to $100,000 less the amount of the Initial Loan (the "Additional Loans) (the Initial Loan and the Additional Loan, if any, shall be referred to collectively as the Loans). The Loans shall be each evidenced by a convertible promissory note in the form attached hereto as ExhibitA (Note), duly executed on behalf of the Company and dated as of the Initial Loan Closing Date. The Note shall be convertible, upon Lenders request, into shares of Company common stock at a price per share equal to twenty percent (20%) of the Average Closing Price as reported by the principal trading exchange on which the Companys Common Stock is traded for the twenty (20)trading days preceding the date of the Note.

Named Entities:
78
81
Principal
182
183
Percentage

Tokenized Text:
2
.
1
Initial
Loan
.
According
to
the
terms
and
subject
to
the
conditions
of
this
Agreement
,
the
Lender
shall
make
a
single-installment
loan
to
the
Company
on
the
Initial
Loan
Closing
Date
in
an
amount
determined
by
Lender
in
his
sole
discretion
(
the
Initial
Loan
)
,
and
may
advance
additional
Loans
,
upon
the
Companys
request
and
accordance
with
the
terms
set
forth
in
Section2
.
2
,
in
the
amount
up
to
$
100
,
000
less
the
amount
of
the
Initial
Loan
(
the
"
Additional
Loans
)
(
the
Initial
Loan
and
the
Additional
Loan
,
if
any
,
shall
be
referred
to
collectively
as
the
Loans
)
.
The
Loans
shall
be
each
evidenced
by
a
convertible
promissory
note
in
the
form
attached
hereto
as
ExhibitA
(
Note
)
,
duly
executed
on
behalf
of
the
Company
and
dated
as
of
the
Initial
Loan
Closing
Date
.
The
Note
shall
be
convertible
,
upon
Lenders
request
,
into
shares
of
Company
common
stock
at
a
price
per
share
equal
to
twenty
percent
(
20
%
)
of
the
Average
Closing
Price
as
reported
by
the
principal
trading
exchange
on
which
the
Companys
Common
Stock
is
traded
for
the
twenty
(
20
)
trading
days
preceding
the
date
of
the
Note
.