SEC Contract Filing

Filing Date: 2015-03-12

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
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 <TITLE>EXHIBIT 10.1</TITLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>CONVERTIBLE
PROMISSORY NOTE</U></B></FONT></P>

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 <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 70%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Amount:
 $153,917.80</FONT></TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30%; padding-left: 40pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">March
 4, 2015</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>MINDPIX
CORPORATION,</B> a Nevada corporation with offices at 940 Lincoln Road, Suite 315, Miami Beach, Florida (herein called the <B>&ldquo;Maker&rdquo;</B>),
for value received, hereby promises to pay to <B>Victor Siegel,</B> a resident of the State of Florida (<B>&ldquo;Payee&rdquo;</B>),
on the Maturity Date (hereinafter defined), or earlier as hereinafter provided, the principal sum of One Hundred Fifty Three Thousand
nine Hundred Seventeen and 80/100 Dollars ($153,917.80) (the <B>&ldquo;Principal&rdquo;</B>), and to pay interest on such Principal
on the Maturity Date (or on any such earlier date), as set forth below.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.
<B><U>Basis of Debt.</U></B> Siegel is the President and Chief Executive officer of the Maker. So that all available funds could
be used for the operations of the Maker, Siegel&rsquo;s salary and expenses were accrued. The total amount due to Siegel is equal
to the principal amount of this Note.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.
<B><U>Definitions.</U></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)
 The term <B>&ldquo;Conversion Notice&rdquo;</B> shall have the meaning ascribed to it in Section 8(b) hereof.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b) The
term <B>&ldquo;Conversion Price&rdquo;</B> shall mean the lesser of (i) the per share price of the Maker&rsquo;s common stock
on the date of the Conversion Notice provided for herein in Section 8(a) hereof, or (ii) the lowest price per share price paid
to Maker by any investor for shares of the Maker&rsquo;s common stock prior to the Maturity Date.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)
 The term <B>&ldquo;Conversion Shares&rdquo;</B> shall have the meaning ascribed to it in Section 8(a) hereof.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)
The term <B>&ldquo;Maturity Date&rdquo;</B> shall mean December 30, 2015.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(e) The
term <B>&ldquo;Event of Default&rdquo;</B> shall mean any event specified in Section 9(a) of this Note.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(f)
 The term <B>&ldquo;Termination Date&rdquo; </B>shall have the meaning ascribed to it in Section 9(b) hereof.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.
<B><U>Payment Terms.</U></B> The Maker shall irrevocably and unconditionally pay to Payee, without set-off or deduction, the Principal
of this No