SEC Contract Filing

Filing Date: 2016-10-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.44
<SEQUENCE>9
<FILENAME>exhibit10-44.htm
<DESCRIPTION>EXHIBIT 10.44
<TEXT>
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 <TITLE>Lithium Exploration Group, Inc.: Exhibit 10.44 - Filed by newsfilecorp.com</TITLE>
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<P style="MARGIN-LEFT: 10%;MARGIN-RIGHT: 10%" align=justify><B>THIS NOTE AND THE COMMON STOCK ISSUABLE UPON CONVERSION OF
THIS NOTE HAVE NOT BEEN AND WILL NOT BE REGISTERED WITH THE UNITED STATES
SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE
PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED UNDER THE SECURITIES ACT OF
1933, AS AMENDED, AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER (THE
"1933 ACT&#148;) </B></P>
<P align=right><B>US $140,000.00 </B></P>
<P align=center>LITHIUM EXPLORATION GROUP, INC. <BR>8% CONVERTIBLE REDEEMABLE
NOTE <BR>DUE September 19, 2017 </P>
<P align=justify style="text-indent:5%">FOR VALUE RECEIVED, Lithium Exploration Group, Inc. (the
&#147;Company&#148;) promises to pay to the order of JDF CAPITAL INC. and its authorized
successors and permitted assigns ("<U>Holder</U>"), the aggregate principal face
amount of One Hundred Forty Thousand Dollars exactly (U.S. $140,000.00) on
September 19, 2017 ("<U>Maturity Date</U>") and to pay interest on the principal
amount outstanding hereunder at the rate of 8% per annum commencing on September
19, 2016. The interest will be paid to the Holder in whose name this Note is
registered on the records of the Company regarding registration and transfers of
this Note. The principal of, and interest on, this Note are payable at 96
Village Center Drive, Freehold, NJ 07728, initially, and if changed, last
appearing on the records of the Company as designated in writing by the Holder
hereof from time to time. The Company will pay each interest payment and the
outstanding principal due upon this Note before or on the Maturity Date, less
any amounts required by law to be deducted or withheld, to the Holder of this
Note by check or wire transfer addressed to such Holder at the last address
appearing on the records of the Company. The forwarding of such check or wire
transfer shall constitute a payment of outstanding principal hereunder and shall
satisfy and discharge the liability for principal on this Note to the extent of
the sum represented by such check or wire transfer. Interest shall be payable in
Common Stock (as defined below) pursuant to paragraph 4(b) herein. </P>
<P align=justify style="text-indent:10%">This Note is subject to the following
additional provisions: </P>
<P align=justify style="text-indent:10%">1.&nbsp;&nbsp;&nbsp;&nbsp; This Note
is exchangeable for an equal aggregate principal amount of Notes of different
authorized denominations, as requested by the Holder surrendering the same.</P>
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<P align=justify>No service charge will be made for such registration or
transfer or exchange, except that Holder shall pay any tax or other governmental
charges payable in connection therewith. </P>
<P align=justify style="text-indent:10%">2.&nbsp;&nbsp;&nbsp;&nbsp; The Company
shall be entitled to withhold from all payments any amounts required to be
withheld under applicable laws. </P>
<P align=justify style="text-indent:10%">3.&nbsp;&nbsp;&nbsp;&nbsp; This Note
may be transferred or exchanged only in compliance with the Securities Act of
1933, as amended ("<U>Act</U>") and applicable state securities laws. Any
attempted transfer to a non-qualifying party shall be treated by the Company as
void. Prior to due presentment for transfer of this Note, the Company and any
agent of the Company may treat the person in whose name this Note is duly
registered on the Company's records as the owner hereof for all other purposes,
whether or not this Note be overdue, and neither the Company nor any such agent
shall be affected or bound by notice to the contrary. Any Holder of this Note
electing to exercise the right of conversion set forth in Section 4(a) hereof,
in addition to the requirements set forth in Section 4(a), and any prospective
transferee of this Note, also is required to give the Company written
confirmation that this Note is being converted ("<U>Notice of Conversion</U>")
in the form annexed hereto as <U>Exhibit A</U>. The date of receipt (including
receipt by telecopy) of such Notice of Conversion shall be the Conversion
Date.</P>
<P align=justify style="text-indent:10%">4.&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp;&nbsp;&nbsp;&nbsp; The Holder of this Note is entitled, at its option,
at any time after cash payment, to convert all or any amount of the principal
face amount of this Note then outstanding into shares of the Company's common
stock (the "Common Stock") at a price ("<U>Conversion Price</U>") for each share
of Common Stock equal to 65% of the <B><U>lowest closing bid price</U></B> of
the Common Stock as reported on the National Quotations Bureau OTCQB exchange
which the Company&#146;s shares are traded or any exchange upon which the Common
Stock may be traded in the future ("<U>Exchange</U>"), for the lower of (i)
<B><U>twenty</U></B><I> </I>prior<I> </I>trading days immediately preceding the
issuance date of this note <B><U>or (ii) the twenty</U></B> prior trading days
including the day upon which a Notice of Conversion is received by the Company
or its transfer agent (provided such Notice of Conversion is delivered by fax or
other electronic method of communication to the Company or its transfer agent
after 4 P.M. Eastern Standard or Daylight Savings Time if the Holder wishes to
include the same day closing price). If the shares have not been delivered
within 3 business days, the Notice of Conversion may be rescinded. Such
conversion shall be effectuated by the Company delivering t