SPENDSMART NETWORKS, INC. 4
4 · SPENDSMART NETWORKS, INC. · Filed Jul 20, 2016
Insider Transaction Report
Form 4
Proto Joseph
Director
Transactions
- Award
Convertible Promissory Note
2016-07-19$40000.00/sh→ Common Stock
Footnotes (1)
- [F1]The reporting party invested $40,000 in the company pursuant to a 9% convertible promissory note with a six-month maturity date and a mandatory conversion feature wherein if the company completes a "Qualified Financing," which is defined as an issuance or conversion of securities in which the company receives gross proceeds totaling at least $200,000, the reporting party shall convert on the same terms as the Qualified Financing.