Convertible Debentures. Convertible debentures in the total aggregate principal amount of Seven Hundred Txxxxx-Xxx Xxxxxxxx Xxx Xxxxxxx Xxxxxx Xxxxxx Dollars ($722,000 USD) (the “Convertible Debentures”). The Convertible Debentures shall include the following terms: (i) the interest rate shall be ten percent (10%) compounded annually, (ii) the Convertible Debenture shall automatically convert into shares of SARS Common Stock (the “Conversion”) one (1) year from the date the Convertible Debenture was executed (the “Debenture Maturity Date”), (iii) the exercise price shall be One United States Dollar ($1.00 USD) per share, a form of Convertible Debenture is annexed hereto and made apart hereof as Exhibit A. The Convertible Debentures shall be issued to the individuals and/or entities listed on Schedule 4.2.
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Samples: Asset Purchase Agreement (Sars Corp.), Asset Purchase Agreement (Sars Corp.)
Convertible Debentures. Convertible debentures in the total aggregate principal amount of Seven Hundred TxxxxxXxxxxx-Xxx Xxxxxxxx Xxx Xxxxxxx Xxxxxx Xxxxxx Dollars ($722,000 USD) (the “Convertible Debentures”). The Convertible Debentures shall include the following terms: (i) the interest rate shall be ten percent (10%) compounded annually, (ii) the Convertible Debenture shall automatically convert into shares of SARS Common Stock (the “Conversion”) one (1) year from the date the Convertible Debenture was executed (the “Debenture Maturity Date”), (iii) the exercise price shall be One United States Dollar ($1.00 USD) per share, a form of Convertible Debenture is annexed hereto and made apart hereof as Exhibit A. The Convertible Debentures shall be issued to the individuals and/or entities listed on Schedule 4.2.
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Convertible Debentures. Convertible debentures in the total aggregate principal amount of Seven Hundred Txxxxx-Xxx Xxxxxxxx Xxx Xxxxxxx Xxxxxx Xxxxxx Dollars ($722,000 USD) (the “Convertible Debentures”). The Convertible Debentures shall include the following terms: (i) the interest rate shall be ten percent (10%) compounded annually, (ii) the Convertible Debenture shall automatically convert into shares of SARS Common Stock (the “Conversion”) one (1) year from the date the Convertible Debenture was executed (the “Debenture Maturity Date”), (iii) the exercise price shall be One United States Dollar ($1.00 USD) per share, a form of Convertible Debenture is annexed hereto and made apart hereof as Exhibit A. The Convertible Debentures shall be issued to the individuals and/or entities listed on Schedule 4.2.“Andronics Ltd.”
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