Common Contracts
1 similar null contracts by Jerrick Media Holdings, Inc.
Re: Agreement to Convert – Convertible NoteJerrick Media Holdings, Inc. • August 31st, 2018 • Services-allied to motion picture production • New Jersey
You are being sent this letter as you are currently the holder of a Convertible Note dated <<Date Signed>> (the “Note”) issued by Jerrick Media Holdings, Inc. (the “Company”) in the original principal amount of <<Principal>> (“Original Principal Amount”). Marking the note to August 15th, 2018 , you are owed remaining principal of <<Principal>> (“Principal Amount”), along with accrued interest of <<Interest>> (the “Interest Amount” together with the Principal Amount, the “Note Obligation”). As an incentive to the requested conversion as set forth below, the Company has agreed to issue you a five-year warrant to purchase shares of the Company’s common stock, par value $0.001 per share (“Common Stock”) at an exercise price of $0.30 equal to 50% of the amount of shares underlying the Note Obligation (the “Incentive Warrant”).
