Common Contracts
4 similar Secured Convertible Debenture contracts by Us Fuel Corp, Bitzio, Inc., GTX Corp
US FUEL CORPORATION Secured Convertible DebentureSecured Convertible Debenture • May 1st, 2014 • Us Fuel Corp • Petroleum refining • New Jersey
FOR VALUE RECEIVED, US FUEL CORPORATION (hereinafter called the “Obligor” or the “Company”), hereby promises to pay to (the “Holder”) or its successors and assigns the principal sum of FORTY THOUSAND DOLLARS ($40,000.00) in the form of cash or Obligor common stock on the terms and conditions hereof on or before December 31, 2015 (the “Maturity Date”). Company has received $20,000 in cash from Holder on the Original Issuance Date as consideration for this Debenture.
US FUEL CORPORATION Secured Convertible DebentureSecured Convertible Debenture • April 3rd, 2014 • Us Fuel Corp • Petroleum refining • New Jersey
FOR VALUE RECEIVED, US FUEL CORPORATION (hereinafter called the “Obligor” or the “Company”), hereby promises to pay to 112359 FACTOR FUND, LLC (the “Holder”) or its successors and assigns the principal sum of ONE HUNDRED THOUSAND DOLLARS ($100,000.00) in the form of cash or Obligor common stock on the terms and conditions hereof on or before December 31, 2015 (the “Maturity Date”). Company has received $50,000 in cash from Holder on the Original Issuance Date as consideration for this Debenture.
BITZIO, INC. Secured Amended & Restated Convertible DebentureSecured Convertible Debenture • November 22nd, 2013 • Bitzio, Inc. • Services-prepackaged software • New Jersey
FOR VALUE RECEIVED, BITZIO, InC. (hereinafter called the “Obligor” or the “Company”), hereby promises to pay to 112359 FACTOR FUND, LLC (the “Holder”) or its successors and assigns the principal sum of _____ ________________________________ DOLLARS ($_____) in cash or Obligor common stock on the terms and conditions hereof on December 31, 2015 (the “Maturity Date”).
GTX CORP. Secured Convertible DebentureSecured Convertible Debenture • September 25th, 2013 • GTX Corp • Radio & tv broadcasting & communications equipment • New Jersey
FOR VALUE RECEIVED, GTX CORP. (hereinafter called the “Obligor” or the “Company”), hereby promises to pay to 112359 FACTOR FUND, LLC (the “Holder”) or its successors and assigns the amounts identified as the balance due for each of the eight (8) obligations listed below (each, an “Obligation”), which are in the aggregate equal to the principal sum of NINE HUNDRED AND ONE THOUSAND DOLLARS ($901,000.00), in the form of cash or Obligor common stock on the terms and conditions hereof if and to the extent that each specific purchase price payment (each, a “Tranche”) has been paid as required under that certain Securities Purchase Agreement dated September 19, 2013 by and between the Obligor and Holder (“SPA”). Obligor’s payments shall be made in each case on or before the third (3rd) anniversary (each, a “Maturity Date”) of each Tranche payment date (each, a “Tranche Payment Date”) according to the following schedule:
