SETTLEMENT AGREEMENTSettlement Agreement • June 11th, 2008 • World Am, Inc. • Communications equipment, nec • Colorado
This Settlement Agreement (“AGREEMENT”) is entered into by and between James H. Alexander (“ALEXANDER”), on the one hand, and World Am, Inc., a Nevada corporation (“WORLD AM”); BOTH of the above shall be collectively referred to herein as the “PARTIES.”
CONVERTIBLE BRIDGE NOTEConvertible Bridge Note • June 11th, 2008 • World Am, Inc. • Communications equipment, nec • Colorado
THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) AND APPLICABLE STATE SECURITIES LAWS. THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO OR FOR RESALE IN CONNECTION WITH THE DISTRIBUTION THEREOF. THIS NOTE MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE NOTE UNDER SUCH ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH DISPOSITION IS IN COMPLIANCE WITH THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAW.
