GTX CORP. Secured Amended & Restated Convertible DebentureSecured Amended & Restated Convertible Debenture • September 25th, 2013 • GTX Corp • Radio & tv broadcasting & communications equipment • New Jersey
FOR VALUE RECEIVED, GTX CORP. (hereinafter called the “Obligor” or the “Company”), hereby promises to pay to 112359 FACTOR FUND, LLC (the “Holder”) or its successors and assigns the amount identified as the balance due for each of the three (3) obligations listed below (each, an “Obligation”) in the form of cash or Obligor common stock on the terms and conditions hereof on or before the third (3rd) anniversary (each, a “Maturity Date”) of each stated purchase price payment (each, a “Tranche”) date (each, a “Tranche Payment Date”) according to the following schedule:
