SEC Contract Filing

Filing Date: 2019-12-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.18
<SEQUENCE>20
<FILENAME>f10k093019_ex10z18.htm
<DESCRIPTION>EXHIBIT 10.18 CONVERTIBLE PROMISSORY NOTE OF AMERICAN BATTERY METALS CORPORATION IN FAVOR OF JEFFERSON STREET CAPITAL LLC DATED AUGUST 28, 2019.
<TEXT>
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<TITLE>Exhibit 10.18 Convertible Promissory Note of American Battery Metals Corporation in favor of Jefferson Street Capital LLC dated August 28, 2019.</TITLE>
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<DIV style=margin-left:36pt;width:540pt><P align=justify style='font:10pt Times New Roman;margin:0;margin-left:5pt;margin-right:6pt'>&nbsp;</P>
<P align=right style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Exhibit 10.18</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:5pt;margin-right:6pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:5pt;margin-right:6pt'><B>NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse><TR style=height:7.2pt><TD valign=top style=width:166pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'><B>Principal Amount: US$35,200.00</B></P>
</TD><TD valign=top style=width:12.25pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:154.3pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'><B>Issue Date: August 28, 2019</B></P>
</TD><TD valign=top style=width:11.9pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:157.9pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0;margin-left:-0.75pt;margin-right:-1.5pt'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style=width:166pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'><B>Purchase Price: US$32,000.00</B></P>
</TD><TD valign=top style=width:12.25pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:154.3pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:11.9pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:157.9pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0;margin-left:-0.75pt;margin-right:-1.5pt'>&nbsp;</P>
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<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;margin-left:133.05pt;margin-right:133.9pt'><FONT style='border-bottom:1px solid #000000'><B>CONVERTIBLE PROMISSORY NOTE</B></FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:35.95pt;margin-left:5pt;margin-right:5.75pt'><B>FOR VALUE RECEIVED</B>, <B>American Battery Metals Corporation</B>, a Nevada corporation (formerly known as Oroplata Resources Inc.) (hereinafter called the &#8220;Borrower&#8221;), hereby promises to pay to the order of <B>Jefferson Street Capital LLC, </B>a New Jersey limited liability company, or its registered assigns (the &#8220;Holder&#8221;) the sum of US$35,200.00 together with any interest as set forth herein, on May 28, 2020 (the &#8220;Maturity Date&#8221;), and to pay interest on the unpaid principal balance hereof at the rate of twelve percent (12%) (the &#8220;Interest Rate&#8221;) per annum from the funding date hereof (the &#8220;Issue Date&#8221;) until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. This Note may be prepaid in whole or in part as explicitly set forth herein. Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of twenty-two percent (22%) per annum from the due date thereof until the same is paid (the &#8220;Default Interest&#8221;). Interest shall commence accruing on the date that the Note is fully paid and shall be computed on the basis of a 360-day year and the actual number of days elapsed. All payments due hereunder (to the extent not converted into common stock, $0.001 par value per share (the &#8220;Common Stock&#8221;) in accordance with the terms hereof) shall be made in lawful money of the United States of America. All payments shall be made at such address as the Holder shall hereafter give to the Borrower by written notice made in accordance with the provisions of this Note. Whenever any amount expressed to be due by the terms of this Note is due on any day which is not a business day, the same shall instead be due on the next succeeding day which is a business day and, in the case of any interest payment date which is not the date on which this Note is paid in full, the