AMENDED AND RESTATEDSport Endurance, Inc. • January 4th, 2017 • Bottled & canned soft drinks & carbonated waters • New York
THIS 10% SENIOR SECURED CONVERTIBLE PROMISSORY NOTE is one of a series of duly authorized and validly issued on May 11, 2016 10% Senior Secured Convertible Promissory Notes issued at a 3.5% original issue discount by SPORT ENDURANCE, INC., a Nevada corporation (the “Company”) (this note, the “Note” and, collectively with the other notes of such series, the “Notes”).
Sport Endurance, Inc.Letter Agreement • January 4th, 2017 • Sport Endurance, Inc. • Bottled & canned soft drinks & carbonated waters
This letter agreement (the “Agreement”) acknowledges that in exchange for __________________ (“_________”) extending the due dates of its 10% Senior Secured Convertible Promissory Note and a 10% Senior Secured Convertible Promissory Note issued to ___________________ which have been purchased by ____________________ (together, the “Notes”) , to 5:00 pm on March 31, 2017 (the “Due Date”), Sport Endurance, Inc. (the “Company”) shall deliver 35,000 shares of fully paid common stock to ___________ or its designee, as the holder of the Notes. This letter further acknowledges that the sums due under the Notes including interest, penalties and the Mandatory Default Amount as defined in the Notes as of the date of this Agreement are $490,389.90. This is calculated as $336,787.00 of principal, $21,610.50 of accrued interest as of December 28, 2016, $107,519.25 of guaranteed pre-payment penalty and $24,472.72 of Forbearance Penalties. The Company further agrees that notwithstanding any cure prov
