SEC Contract Filing

Filing Date: 2016-05-17

Document Content:
<DOCUMENT>
<TYPE>EX-10.21
<SEQUENCE>10
<FILENAME>artec_ex1021.htm
<DESCRIPTION>SENIOR SECURED CONVERTIBLE REDEEMABLE DEBENTURE
<TEXT>
<html><head><title>artec_ex1021.htm</title><!--Document Created by EDGARMaster--></head><BODY style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: 0px 7%" scroll="yes"><p style="MARGIN: 0px" align="right"><b><font size="2">EXHIBIT 10.21</font></b></p><p style="MARGIN: 0px"><b><font size="2"></font></b>&nbsp;</p><p style="MARGIN: 0px"><b><font size="2">THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS DEBENTURE HAVE NOT 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.</font></b><font size="2"></font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="center"><b><font size="2">ARTEC GLOBAL MEDIA, INC.</font></b><font size="2"></font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="center"><u><b><font size="2">SENIOR SECURED, CONVERTIBLE, REDEEMABLE DEBENTURE</font></b></u></p><font size="2"><p style="MARGIN: 0px">&nbsp;</p><font size="2"><table id="6176cac9-c79e-4ed5-9a93-fd026effede6" style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr><td valign="top" width="35%">Dated as of: May 31, 2015</td><td valign="top"><p style="MARGIN: 0px" align="right">Principal Amount: $33,333.33</p></td></tr><tr height="15"><td valign="top"><p style="MARGIN: 0px"><font size="2">Effective Date: December 24, 2015</font></p></td><td valign="top"></td></tr><tr height="15"><td><p style="MARGIN: 0px"><font size="2">Maturity Date: <font size="2">September 24, 2016</font></font></p></td><td></td></tr></table></font>&nbsp;</font>&nbsp; <p style="MARGIN: 0px; TEXT-INDENT: 45px"><font size="2">This SENIOR SECURED, CONVERTIBLE REDEEMABLE DEBENTURE (the "<u>Debenture</u>") is issued, dated as of May 31, 2015 and effective as of December 24, 2015 (the "<u>Effective Date</u>"), by ARTEC GLOBAL MEDIA, INC., a corporation incorporated under the laws of the State of Nevada (the "<u>Company</u>"), to TCA GLOBAL CREDIT MASTER FUND, LP, a limited partnership organized and existing under the laws of the Cayman Islands (together with its permitted successors and assigns, the "<u>Holder</u>") pursuant to exemptions from registration under the Securities Act of 1933, as amended. This Debenture is one of the "Fee Debentures" referenced in and issued in connection with that certain Securities Purchase Agreement, dated as of the date hereof, by and between the Company and the Holder (the "<u>Purchase Agreement</u>"). This Debenture is being issued in consideration of advisory services fully rendered by the Holder as of the date hereof. All capitalized terms used in this Debenture and not otherwise defined herein shall have the meanings assigned to them in the Purchase Agreement.</font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="center"><font size="2">ARTICLE I</font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px"><font size="2">Section 1.01 <u>Principal</u>. For value received, the Company hereby promises to pay to the order of the Holder, by no later than September 24, 2016 (the "<u>Maturity Date</u>"), in immediately available and lawful money of the United States of America, Thirty Thousand Three Hundred Thirty-Three and 33/100 United States Dollars ($33,333.33).</font></p><p style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px"><font size="2">Section 1.02 <u>Optional Redemption Prior to Maturity</u>. The Company, at its option, shall have the right to redeem this Debenture in full and for cash, at any time prior to the Maturity Date, with three (3) business days advance written notice (the "<u>Redemption Notice</u>") to the Holder. The amount required to redeem this Debenture in full pursuant to this Section 1.02 shall be equal to: (i) the aggregate principal amount then outstanding under this Debenture; plus (ii) all other costs, fees and charges due and payable hereunder or under any other "Transaction Documents" (as hereinafter defined) (collectively, the "<u>Redemption Amount</u>"). The Company shall deliver the Redemption Amount to the Holder on the third (3rd) business day after the date of the Redemption Notice.</font></p><p style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px"><font size="2">Section 1.03 <u>Mandatory Redemption at Maturity</u>. On the Maturity Date, the Company shall redeem this Debenture for the Redemption Amount, which Redemption Amount shall be due and payable to the Holder by no later than 2:00 P.M., EST, on the Maturity Date.</font></p><p style="MARGIN: 0px">&nbsp;</p><table id="pagebreakdf493595-eec7-449f-8a09-8d9131a6c059" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0"> <tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">1</td></tr><tr></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr><tr><td>&nbsp;</td></tr></table><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px"><font size="2">Section 1.04 <u>Payments</u>.</font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 90px"><font size