Conditional Debt Conversion AgreementConditional Debt Conversion Agreement • October 22nd, 2020 • Florida
THIS CONDITIONAL DEBT CONVERSION AGREEMENT (the “Agreement”) is made and entered into by and among Puget Technologies, Inc., a publicly held Nevada corporation (“Puget”) subject to reporting requirements under Sections 13 and 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”); Hermann Burckhardt, a Florida resident, Puget’s president and a member of its board of directors (“Burckhardt” and the “Board”, respectively); Thomas Jaspers, A Colorado resident, Puget’s treasurer and secretary and a member of its Board (“Jaspers”); and, Alpere, Inc., a Colorado corporation (“Alpere”, Burckhardt, Jaspers and Alpere being hereinafter collectively referred to as the “Conditionally Converting Creditors” and generically as a “Conditionally Converting Creditors”; Puget and the Conditionally Converting Creditors being sometimes hereinafter collectively referred to as the “Parties” or generically as a “Party”.
