SEC Contract Filing

Filing Date: 2018-03-05

Document Content:
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<TYPE>EX-10.144
<SEQUENCE>7
<FILENAME>exhibit10-144.htm
<DESCRIPTION>EXHIBIT 10.144
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 <TITLE>Lithium Exploration Group, Inc. - Exhibit 10.144 - Filed by newsfilecorp.com</TITLE>
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 <p 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 </B><B>ACT&#148;)</B><B> </B></p>
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<P align=center><B>LITHIUM EXPLORATION GROUP, INC. </B><BR><B>10% CONVERTIBLE
PROMISSORY NOTE </B><BR><B>DUE June 8, 2018 </B><BR><B>BACK END NOTE
</B><BR></P>
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 <TD align=left><B>Effective Date June 8, 2017</B> </TD>
 <TD align=left width="25%"><B>US $85,800.00</B> </TD></TR>
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 <TD align=left><B>Due June 8, 2018</B> </TD>
 <TD align=left width="25%">&nbsp; </TD></TR></TABLE>
<P 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 </B><B>PROMULGATED THEREUNDER
(THE "1933 ACT&#148;)</B><B> </B></P>
<P align=justify>FOR VALUE RECEIVED <B>Lithium Exploration Group, Inc. </B>(the
&#147;Company&#148;) promises to pay to the order of <B>Concord Holding Group, LLC</B>,
and its authorized successors and permitted assigns ("<U>Holder</U>"), the
aggregate principal face amount of Eighty Five Thousand Eight Hundred Dollars
exactly (U.S. $85,800.00) on June 8, 2018 ("<U>Maturity Date</U>"). The Company
will pay interest on the principal amount outstanding at the rate of 10% per
annum, which will commence on June 8, 2017. The Company acknowledges that this
Note was issued with a $7,800.00 original issue discount (&#147;OID&#148;) such that the
issuance price was $78,000.00 as well as document prep fees of $3,000.00
(deducted from the amount funded). 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 1080 Bergen St., Suite 240, Brooklyn, NY 11216, 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 out-standing 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>
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<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This Note is subject to the following additional provisions: </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
1.&nbsp;&nbsp;&nbsp;&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. 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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Under all applicable laws, the
Company shall be entitled to withhold any amounts from all payments it is
entitled to. </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Note may only be transferred
or exchanged in compliance with the Securities Act of 1933, as amended
("<U>Act</U>") and any applicable state securities laws. All attempts 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 an