SEC Contract Filing

Filing Date: 2016-07-28

Document Content:
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<TYPE>EX-10.46
<SEQUENCE>7
<FILENAME>ex10-46.htm
<DESCRIPTION>CHAPMAN DEBT CONVERSION AGREEMENT
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: left"><A HREF="uvnd-8k_063016.htm">U-Vend, Inc. 8-K</A></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: right; background-color: white"><B>Exhibit
10.46</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 8pt; background-color: white">June 30, 2016</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white">Mr. Mark Chapman</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white">President</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white">U-Vend America, Inc.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white">1507 7th&nbsp;Street, #425</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 8pt; background-color: white">Santa Monica, CA 90401</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 8pt; background-color: white">Dear Mr. Chapman:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 8pt; background-color: white">As of June 30, 2016, the balance
of funds owed to you through earned payroll and associated benefits, as specified in your employment agreement, totaled approximately
$50,000. On that date, you had requested repayment of $30,000 of the outstanding balance in newly issued common stock of the Company,
which the Company&#8217;s Board of Directors unanimously approved.&nbsp;&nbsp;You and the Company agreed to the following terms
regarding this debt to equity conversion:</P>

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 <TD STYLE="width: 24px; line-height: 115%">&nbsp;</TD>
 <TD STYLE="width: 24px; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD>
 <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amount converted: $30,000</FONT></TD></TR>
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 <TD STYLE="line-height: 115%">&nbsp;</TD>
 <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT></TD>
 <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Conversion share price: $0.17</FONT></TD></TR>
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 <TD STYLE="line-height: 115%">&nbsp;</TD>
 <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT></TD>
 <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shares delivered: 176,471</FONT></TD></TR>
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 <TD STYLE="line-height: 115%">&nbsp;</TD>
 <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</FONT></TD>
 <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Approximate remaining balance of debt owed you:&nbsp;&nbsp;$20,000</FONT></TD></TR>
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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 8pt 0; background-color: white">By signing below you are signifying
your acceptance of the above listed terms of conversion.</P>

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 <TD STYLE="width: 45%; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sincerely,</FONT></TD></TR>
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 <TD STYLE="line-height: 115%">&nbsp;</TD></TR>
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 <TD STYLE="line-height: 115%">&nbsp;</TD>
 <TD STYLE="text-decoration: underline; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>/s/ Raymond Meyers</U></FONT></TD></TR>
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 <TD STYLE="line-height: 115%">&nbsp;</TD></TR>
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 <TD STYLE="line-height: 115%">&nbsp;</TD>
 <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Raymond Meyers</FONT></TD></TR>
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 <TD STYLE="line-height: 115%">&nbsp;</TD>
 <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer</FONT></TD></TR>
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 <TD STYLE="line-height: 115%">&nbsp;</TD>
 <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">U-Vend, Inc.</FONT></TD></TR>
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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 8pt 0; background-color: white">Accepted:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 8pt; background-color: white"><U>/s/ Mark Chapman</U></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 8pt; background-color: white">Mark Chapman&nbsp;</P>

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