Common Contracts
3 similar null contracts by GTX Corp, Pervasip Corp
GTX CORP. Secured Amended & Restated Convertible DebentureGTX Corp • September 25th, 2013 • 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 amount identified as the balance due for each of the three (3) obligations listed below (each, an “Obligation”) in the form of cash or Obligor common stock on the terms and conditions hereof on or before the third (3rd) anniversary (each, a “Maturity Date”) of each stated purchase price payment (each, a “Tranche”) date (each, a “Tranche Payment Date”) according to the following schedule:
GTX CORP. Secured Convertible DebentureGTX Corp • September 25th, 2013 • 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:
PERVASIP CORP. Secured Amended & Restated Convertible DebenturePervasip Corp • March 6th, 2013 • Telephone communications (no radiotelephone) • New Jersey
FOR VALUE RECEIVED, PERVASIP 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 principal sum of ONE MILLION DOLLARS ($1,000,000) in Obligor in cash or common stock on the terms and conditions hereof on or before December 31, 2014 (the “Maturity Date”).
