CONVERTIBLE PROMISSORY NOTE AND LOAN AGREEMENT DATED SEPTEMBER 30, 2009 WITH PRESLEY REEDConvertible Promissory Note and Loan Agreement • April 1st, 2010 • Spicy Pickle Franchising Inc • Retail-eating places • Colorado
THIS NOTE AND THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED.
