Monaker Group, Inc. 10-QConvertible Promissory Note Conversion Agreement • July 20th, 2016 • Monaker Group, Inc. • Services-advertising
As per the Second Note Amendment dated May 15, 2015, between Monaker Group, Inc. (formerly known as Next 1 Interactive, Inc.) and Mark Wilton, Monaker Group, Inc., Monaker Group hereby exercises its right under section 4 of the Second Note Amendment and is converting $1,500,000 of your outstanding Convertible Promissory Note into 750,000 Monaker common stock based upon a price of $2.00, which represents 80% of the five day trailing average closing price of Monaker Common Stock as of February 26, 2015. This $1,500,000 conversion will reduce the current balance of Note A of $1,409,326.
