Common Contracts
1 similar Convertible Notes Agreement contracts
CONVERTIBLE NOTESConvertible Notes Agreement • March 14th, 2017
$485,000 and detailed in Appendix 3B (lodged with ASX on 28 February 2017) and Appendix 3Y (lodged with ASX on 1 March 2017). The Company seeks to clarify that the Hicks Agreement is in actual fact a converting loan agreement with a related party and therefore the convertible loan is treated as a loan and not a security until the loan is converted. In regards to the Hicks Agreement, shareholder approval under ASX Listing Rule 10.11 is required to allow convertibility. The Company has also entered into a number of similar convertible note agreements with other third party unrelated investors. These do not require shareholder approval.
