NEITHER THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE...Sport Endurance, Inc. • January 18th, 2018 • Bottled & canned soft drinks & carbonated waters • New York
THIS 10% SENIOR SECURED CONVERTIBLE PROMISSORY NOTE duly authorized and validly issued on January _____, 2018 (the “Original Issue Date”) 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 18th, 2018 • Sport Endurance, Inc. • Bottled & canned soft drinks & carbonated waters
This letter agreement (the “Agreement”), by and between Sport Endurance, Inc. (the “Company”) and _________, acknowledges that in exchange for good and valuable consideration, the Company and ________ agree to amend the terms of three Senior Secured Promissory Notes (the “Notes”) which ________ has acquired. Two of the Notes were issued by the Company to investors and the third was issued to ____________. They were due on December 27, 2017. In consideration of ___________ agreeing to waive the default under the Notes, the Company shall cancel the Notes and issue _________ a new Senior Secured Convertible Note in the principal sum of $542,343 (the “New Note”) payable on January 17, 2019 and convertible at $0.03 per share. The form of the New Note is annexed as Exhibit A. The New Note shall be subject to the Security Agreement entered into by and between the Company and ___________, dated November 17, 2017.
