EX-4.2
from SB-2
23 pages
Whereas, the Company Desires to Sell Promissory Notes in the Principal Amount of Up to $2,000,000 (The “Notes”) in a Private Placement to Accredited Investors (The “Offering”). in Addition to the Notes, Investors Will Receive an Amount of Shares of Common Stock, Par Value $0.001 Per Share of the Company Equal to One-Half of a Share for Each Dollar of Principal Amount of Notes Purchased (The “Shares”). for Purposes of Illustration, if the Undersigned Purchases a $100,000 Principal Amount of Promissory Notes They Would Receive 50,000 Share of Common Stock in Connection With Their Loan. the Notes Shall Be Non-Interest Bearing and Have a Term of 18 Months and Shall Be Convertible at the Holders’ Option Into Common Stock of the Company at $1.00 Per Share, as Set Forth in the Form of Note Attached as Annex a Hereto. Now, Therefore, for and in Consideration of the Premises and the Mutual Covenants Hereinafter Set Forth, the Parties Hereto Do Hereby Agree as Follows: I. Subscription for Interests and Representations and Acknowledgements by Subscriber
12/34/56
