12% CONVERTIBLE DEBENTURE DUE: August 7, 2015Securities Agreement • February 6th, 2015 • Labor Smart, Inc. • Services-help supply services
THIS DEBENTURE is a duly authorized and issued 12% Convertible Debentures of Labor Smart, Inc., a Nevada corporation having a principal place of business at 5604 Wendy Bagwell Parkway, Suite 223, Hiram, GA 30141 (the "Company), due August 7, 2015 (the 'Debenture")
ContractCollateralized Secured Promissory Note • February 6th, 2015 • Labor Smart, Inc. • Services-help supply services
THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE ACT AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. LENDERS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER OR RESALE IS IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS.
