Common use of Compensation for Extension Clause in Contracts

Compensation for Extension. In exchange for the extension of the Maturity Date, $25,000.00 shall be added to the principal amount outstanding on the Note between the Company and Holder as of the Effective Date hereof and the Company shall issue Holder 150,000 (one hundred fifty thousand) shares of Common Stock.

Appears in 1 contract

Sources: Convertible Promissory Note (Digerati Technologies, Inc.)

Compensation for Extension. In exchange for the extension of the Maturity Date, $25,000.00 Date,$25,000.00 shall be added to the principal amount outstanding on the Note between the Company and Holder as of the Effective Date hereof and the Company shall issue Holder 150,000 (one hundred fifty thousand) shares of Common Stock.

Appears in 1 contract

Sources: Convertible Promissory Note (Digerati Technologies, Inc.)

Compensation for Extension. In exchange for the extension of the Maturity Date, $25,000.00 30,000.00 shall be added to the principal amount outstanding on the Note between the Company and Holder as of the Effective Date hereof and the Company shall issue Holder 150,000 250,000 (one two hundred fifty thousand) shares of Common Stock.

Appears in 1 contract

Sources: Convertible Promissory Note (Digerati Technologies, Inc.)