3 unchanged sentences
Note ”),
−Removed: and as of September 30, 2018, approximately $125,000 has been drawn by the Company under the Note.
−Removed: The Note was issued
−Removed: pursuant to a Convertible Loan Agreement with Roran (the “
+Added: and as of December 31, 2018, approximately $139,338 has been drawn by the Company under the Note.
+Added: The Note was issued pursuant
+Added: to a Convertible Loan Agreement with Roran (the “
Loan Agreement ”).
−Removed: Amounts borrowed under the Note
−Removed: bear interest at 12% per annum.
−Removed: All outstanding principal and accrued interest on the Note is due and payable on the maturity
−Removed: date, which is March 19, 2019.
+Added: Amounts borrowed under the Note bear interest
+Added: at 12% per annum.
+Added: All outstanding principal and accrued interest on the Note is due and payable on the maturity date, which is
+Added: March 19, 2019.
The Note is convertible into shares of the Company’s common stock (“
Common Stock”
−Removed: at any time at the discretion of Roran any time after the first 90-days under the Note at a conversion price per share equal to
−Removed: the lesser of:
−Removed: (i) 60% multiplied by the lowest trading price for the Common Stock during the 20 trading days prior to the date
−Removed: or, (ii) 60% multiplied by the lowest trading price for the Common Stock during the 20 trading days prior to the
−Removed: date of conversion.
+Added: any time at the discretion of Roran any time after the first 90-days under the Note at a conversion price per share equal to the
+Added: (i) 60% multiplied by the lowest trading price for the Common Stock during the 20 trading days prior to the date of
+Added: or, (ii) 60% multiplied by the lowest trading price for the Common Stock during the 20 trading days prior to the date
+Added: of conversion.
The Note may be repaid in whole at any time.
−Removed: The repayment amount is subject to a premium on the outstanding
−Removed: principal balance of if repaid after 90-days, ranging from 10% to 25%, depending upon when repayment is tendered.
−Removed: If the Company
−Removed: fails to meet its obligations under the terms of the Note or the Loan Agreement, the Note shall become immediately due and payable
−Removed: and subject to penalties provided for in the Note.
−Removed: The foregoing descriptions of the Loan Agreement and the Note do not purport
−Removed: to be complete and are qualified in their entirety by the terms and conditions of the Loan Agreement and the Note.
+Added: The repayment amount is subject to a premium on the outstanding principal
+Added: balance of if repaid after 90-days, ranging from 10% to 25%, depending upon when repayment is tendered.
+Added: If the Company fails to
+Added: meet its obligations under the terms of the Note or the Loan Agreement, the Note shall become immediately due and payable and
+Added: subject to penalties provided for in the Note.
+Added: The foregoing descriptions of the Loan Agreement and the Note do not purport to
+Added: be complete and are qualified in their entirety by the terms and conditions of the Loan Agreement and the Note.
Note issued under the Loan Agreement was offered and sold without registration under the Securities Act in reliance on the exemptions
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.