HARBREW IMPORTS LTD. CORP. AGREEMENT TO CONVERT 7% CONVERTIBLE PROMISSORY NOTE
Exhibit 10.3
HARBREW
IMPORTS LTD. CORP.
AGREEMENT
TO CONVERT
7%
CONVERTIBLE PROMISSORY NOTE
WHEREAS,
Harbrew Imports Ltd. Corp. (the “Company”) offered for
sale to ______________, the undersigned noteholder, (the “Holder”) a 7%
Convertible Promissory Note in the principal amount of $_______ dated __________
(the “Note”)
and (a) a five year warrant to purchase 100% of the shares issuable upon
conversion of the Note exercisable at a price of $1.00 per share (the “Class A Warrant”);
and (b) a five year warrant to purchase 100% of the shares issuable upon
conversion of the Note exercisable at a price of $1.50 per share (the “Class B Warrant” and
collectively with the Class A Warrant, the “Warrants”).
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4.
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The
Holder hereby acknowledges that this Agreement to convert the Notes shall
be a full conversion of all amounts due under the Notes and after
conversion said Holder shall not own any Security of the Company other
than the Common Stock of Paw Spa,
Inc.
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9.
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[REMAINDER
OF PAGE LEFT BLANK]
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[SIGNATURE
PAGE TO CONVERSION NOTICE]
COMPANY:
HARBREW IMPORTS LTD. CORP.
By: ______________________
Name: Xxxx
Xxxxxxx
Title: President
and Chief Executive Officer
NOTEHOLDER
_____________________
Trustee:
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Amount
of Notes:
__$______________
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Number
of Shares Convertible
__________ shares
_________
|
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