SEC Contract Filing

Filing Date: 2019-06-28

Document Content:
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<TYPE>EX-10.4
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<FILENAME>ex10_4.htm
<DESCRIPTION>EXHIBIT 10.4
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 <div style="font-weight: bold; text-align: center;"><font style="font-weight: bold;">EXHIBIT</font> 10.4<br>
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 <div style="text-align: center; font-weight: bold;">Form of Convertible Promissory Note</div>
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 <div style="text-align: justify; margin-right: 72pt; margin-left: 108pt; font-weight: bold;">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 &#8220;1933 ACT&#8221;)</div>
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 <div style="text-align: right; font-weight: bold;">US $150,000.00</div>
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 <div style="text-align: center;">XSPORT GLOBAL, INC.</div>
 <div style="text-align: center;">12% CONVERTIBLE REDEEMABLE NOTE</div>
 <div style="text-align: center;">DUE JUNE 14, 2020</div>
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 <div style="text-align: justify; text-indent: 36pt;">FOR VALUE RECEIVED, XSport Global, Inc. (the &#8220;Company&#8221;) promises to pay to the order of [___________________] and its authorized successors and permitted assigns (&#8220;<u>Holder</u>&#8221;), the aggregate
 principal face amount of One Hundred Fifty Thousand Dollars exactly (U.S. $150,000.00) on June 14, 2020 (&#8220;<u>Maturity Date</u>&#8221;) and to pay interest on the principal amount outstanding hereunder at the rate of 12% per annum commencing on June 14,
 2019 (&#8220;<u>Issuance Date</u>&#8221;). 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.&#160; The principal of, and interest on, this Note are payable
 at 1249 Broadway, Suite 103, Hewlett, NY 11557, initially, and if changed, last appearing on the records of the Company as designated in writing by the Holder hereof from time to time.&#160; 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.&#160; 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.&#160; Interest shall be payable in Common Stock (as defined below) pursuant to paragraph 4(b) herein.</div>
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 <div style="text-align: justify; text-indent: 36pt;">This Note is subject to the following additional provisions:</div>
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 <div style="text-align: justify; text-indent: 72pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; This Note is exchangeable for an equal aggregate principal amount of Notes of different authorized denominations, as requested by the Holder surrendering the same.&#160; 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.</div>
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 <div style="text-align: justify; text-indent: 72pt;">2.&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160;&#160; The Company shall be entitled to withhold from all payments any amounts required to be withheld under applicable laws.</div>
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 <div style="text-align: justify; text-indent: 72pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; This Note may be transferred or exchanged only in compliance with the Securities Act of 1933, as amended (&#8220;<u>Act</u>&#8221;) and applicable state securities laws.&#160; Any attempted transfer to
 a non-qualifying party shall be treated by the Company as void.&#160; 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&#8217;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.&#160; 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 (&#8220;<u>Notice of
 Conversion</u>&#8221;) 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.</div>
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 <div style="text-align: justify; text-indent: 72pt;">4.&#160;&#160;&#160;&#160; &#160;&#160; &#160; (a)&#160;&#160;&#160;&#160