Infinity Augmented Reality, Inc. 3
3 · Infinity Augmented Reality, Inc. · Filed Aug 28, 2015
Insider Transaction Report
Form 3
SUNCORPORATION
10% Owner
Holdings
Convertible Promissory Note
→ Common Stock, par value $.00001 per share (37,243,214 underlying)
Footnotes (3)
- [F1]Prior to the occurrence of the Milestone, as defined in the Series B Preferred Stock Purchase Agreement, the outstanding principal and accrued interest of the Convertible Promissory Note is convertible into common stock at any time, at the holder's option.
- [F2]The Convertible Promissory Note is due and payable on April 9, 2016, unless extended in accordance with its terms.
- [F3]The Conversion Price, as defined in the Series B Preferred Stock Purchase Agreement, is $0.0174528 per share, subject to adjustment as provided in the Series B Preferred Stock Purchase Agreement.