COMMON STOCK PURCHASE WARRANTProgreen US, Inc. • May 8th, 2018 • Real estate • Puerto Rico
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Tangiers Global, LLC, a Wyoming corporation, or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to 5 PM New York City Time on April 27, 2023 (the “Termination Date”) but not thereafter, to subscribe for and purchase from ProGreen US, Inc., a Delaware corporation (the “Company”), up to 1,000,000 shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 1.00(b).
12% CONVERTIBLE PROMISSORY NOTE OF PROGREEN US, INC.Progreen US, Inc. • May 8th, 2018 • Real estate • California
This Note is a duly authorized Convertible Promissory Note of ProGreen US, Inc. a corporation duly organized and existing under the laws of the State of Delaware (the “Company”), designated as the Company’s 12% Convertible Promissory Note due November 27, 2018 (“Maturity Date”) in the principal amount of $236,085 (the “Note”).
FORBEARANCE AGREEMENTForbearance Agreement • May 8th, 2018 • Progreen US, Inc. • Real estate • California
This Forbearance Agreement (this “Agreement”) is entered into as of April 27, 2018 (“Execution Date”) by and between Tangiers Global, LLC (“Lender”), a Wyoming limited liability company, and ProGreen US, Inc., a Delaware corporation (“Borrower”). Capitalized terms used in this Agreement without definition shall have the meanings given to them in the Note (defined below).
