SEC Contract Filing

Filing Date: 2017-09-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>f8k090817ex10-5_jerrickmedia.htm
<DESCRIPTION>JERRICK MEDIA HOLDINGS INC. 8.5% CONVERTIBLE REDEEMABLE NOTE DUE APRIL 11, 2018
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: right"><B>Exhibit 10.5</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 1in 0pt 1.5in; text-align: justify; text-indent: 0in">THIS DEBENTURE
AND THE COMMON STOCK ISSUABLE UPON CONVERSION OF THIS DEBENTURE (THE &ldquo;SECURITIES&rdquo;) HAVE NOT BEEN AND WILL NOT BE REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &ldquo;<U>ACT&rsquo;</U>), OR QUALIFIED UNDER APPLICABLE STATE SECURITIES LAWS
AND MAY ONLY BE ACQUIRED FOR INVESTMENT PURPOSES ONLY AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF.
THE SECURITIES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
AS TO SUCH SECURITIES UNDER THE ACT AND QUALIFICATION UNDER APPLICABLE STATE LAW WITHOUT AN OPINION OF COUNSEL SATISFACTORY TO
THE COMPANY THAT SUCH REGISTRATION AND QUALIFICATION ARE NOT REQUIRED UNDER THE ACT OR RECEIPT OF A NO-ACTION LETTER FROM THE SECURITIES
AND EXCHANGE COMMISSION.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><B>US $50,000.00</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">JERRICK MEDIA HOLDINGS, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">8.5% CONVERTIBLE REDEEMABLE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">DEBENTURE DUE APRIL 24, 2018</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; text-indent: 0.5in">FOR
VALUE RECEIVED, Jerrick Media Holdings, Inc., a Nevada corporation (the &ldquo;Company&rdquo;) promises to pay to the order
of DiamondRock LLC, a New York limited liability company, and its authorized successors and permitted assigns
(&ldquo;<U>Holder</U>&rdquo;), the aggregate principal face amount of Fifty Thousand Dollars (U.S. $50,000.00) on April 24,
2018 (&ldquo;<U>Maturity Date</U>&rdquo;) and to pay interest on the principal amount outstanding hereunder at the rate of 8.5%
per annum commencing on July 24, 2017. This Debenture contains a 10% OID such that the purchase price is $45,000. The
interest will be paid to the Holder in whose name this Debenture is registered on the records of the Company regarding
registration and transfers of this Debenture. The principal of, and interest on, thisDebenture are payable at 321 10<FONT STYLE="font-size: 10pt">th</FONT>
Avenue, Suite 202, San Diego, CA 92101, 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 outstanding principal
due upon this Debenture before or on the Maturity Date, less any amounts required by law to be deducted or withheld, to the
Holder of this Debenture 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 Debenture 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 STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-align: justify">This Debenture is subject to the
following additional provisions:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-align: justify; text-indent: 72.05pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Debenture is exchangeable for an equal aggregate principal amount of Debentures of different autho