SEC Contract Filing

Filing Date: 2019-01-15

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>nbgv_ex10z1.htm
<DESCRIPTION>EXHIBIT 10.1
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<TITLE>Form of Convertible Note &nbsp;(M0890025.DOCX;7)</TITLE>
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<DIV style=margin-left:72pt;width:468pt><P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>NEITHER THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &#8220;SECURITIES ACT&#8221;), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY. &nbsp;THIS SECURITY AND THE SECURITIES ISSUABLE UPON CONVERSION OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Original Issue Date: ______________, 2018</FONT></P>
<P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=right style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>$______________</FONT></P>
<P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>NEWBRIDGE GLOBAL VENTURES, INC.</B></FONT></P>
<P align=center style='font:10pt Times New Roman Bold;margin:0'><FONT style='font:10pt Times New Roman'><B>10% CONVERTIBLE PROMISSORY NOTE</B></FONT></P>
<P align=center style='font:10pt Times New Roman Bold;margin:0'><FONT style='font:10pt Times New Roman'><B>DUE _______________, 2019</B></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><KBD style=margin-left:45.8pt></KBD><FONT style=font-size:10pt>THIS 10% CONVERTIBLE PROMISSORY NOTE is one of a series of duly authorized and validly issued 10% Convertible Promissory Notes issued by NewBridge Global Ventures, Inc., a Delaware corporation, (the &#8220;</FONT><FONT style='font-size:10pt;border-bottom:1px solid #000000'>Company</FONT><FONT style=font-size:10pt>&#8221;), having its principal place of business at 2545 Santa Clara Avenue, Alameda, CA 94501 (this Note, the &#8220;</FONT><FONT style='font-size:10pt;border-bottom:1px solid #000000'>Note</FONT><FONT style=font-size:10pt>&#8221; and, collectively with the other Notes of such series, the &#8220;</FONT><FONT style='font-size:10pt;border-bottom:1px solid #000000'>Notes</FONT><FONT style=font-size:10pt>&#8221;).</FONT>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt'><FONT style=font-size:10pt>FOR VALUE RECEIVED, the Company promises to pay to _____________ or his registered assigns (the &#8220;</FONT><FONT style='font-size:10pt;border-bottom:1px solid #000000'>Holder</FONT><FONT style=font-size:10pt>&#8221;), or shall have paid pursuant to the terms hereunder, the principal sum of $__________ on [_____________], 2019 (the &#8220;</FONT><FONT style='font-size:10pt;border-bottom:1px solid #000000'>Maturity Date</FONT><FONT style=font-size:10pt>&#8221;) or such earlier date as this Note is required or permitted to be repaid as provided hereunder, and to pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note in accordance with the provisions hereof. &nbsp;This Note is subject to the following additional provisions:</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:36pt'><FONT style='font-size:10pt;border-bottom:1px solid #000000'>Section 1</FONT><FONT style=font-size:10pt>.</FONT></KBD><KBD style=margin-left:108pt></KBD><FONT style='font-size:10pt;border-bottom:1px solid #000000'>Definitions</FONT><FONT style=font-size:10pt>. &nbsp;For the purposes hereof, in addition to the terms defined elsewhere in this Note, (a) capitalized terms not otherwise defined herein shall have the meanings set forth in the Purchase Agreement and (b) the following terms shall have the following meanings:</FONT>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;margin-left:36pt'><FONT style=font-size:10pt>&#8220;</FONT><FONT style='font-size:10pt;border-bottom:1px solid #000000'>Bankruptcy Event</FONT><FONT style=font-size:10pt>&#8221; means any of the following events: (a) the Company or any Significant Subsidiary (as such term is defined in Rule 1-02(w) of Regulation S-X) thereof commences a case or other proceeding under any bankruptcy, reorganization, </FONT></P>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P style=line-height:0;margin:0></P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><FONT style=font-size:10pt>arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction relating to the Company or any Significant Subsidiary thereof, (b)