Universal Capital Management – Contract (August 31st, 2016)
Major League Football, Inc. Appoints Wes Chandler to Its Board of Directors; MLFB Board Begins Selection Process of Independent Directors and Establishment of Board Committees
Universal Capital Management – Secured Convertible Promissory Note (March 15th, 2016)
This Note may not be prepaid in whole or in part except as otherwise explicitly set forth herein in Section 1.9. Any amount of the Principal Amount or Interest on this Note which is not paid when due shall bear Interest at the rate of the lower of Twenty-Two Percent (22%) per annum, or the highest rate permitted by law, from the due date thereof until the same is paid ("Default Interest"). Interest shall commence accruing on the Original Issue Date and shall be computed on the basis of a 365-day year and the actual number of days elapsed. Interest payments hereunder shall be paid by the Borrower on a quarterly basis (or sooner as provided herein) after the Original Issue Date to the Holder or its assignee in whose name this Note is registered on the records of the Borrower. All payments due hereunder (to the extent not converted into Common Stock) shall be made in immediately available lawful money of the United States of America.
Universal Capital Management – Securities Purchase Agreement (March 15th, 2016)
THIS SECURITIES PURCHASE AGREEMENT (this "Agreement") is made as of the 9th day of March, 2016 (the "Effective Date"), by and between MAJOR LEAGUE FOOTBALL, INC., a Delaware corporation (the "Company"), and SBI INVESTMENTS LLC, 2014-1, a statutory series of Delaware limited liability company (the "Investor").