FORM OF NOTICE OF CONVERSION. (To be Executed by the Registered Holder in order to Convert the Note) The undersigned hereby irrevocably elects to convert $ ________________ of the principal amount of the above Note into shares of Common Stock of Eco Innovation Group Inc. (the “Company”) according to the conditions hereof, as of the date written below. Date of Conversion: ___________________________________________ Applicable Conversion Price: ___________________________________ Number of shares of Common Stock beneficially owned or deemed beneficially owned by the Holder on the Date of Conversion: Signature: ____________________ Print Name: __________________ Address: ____________________ FOR VALUE RECEIVED, Eco Innovation Group, Inc., a Nevada corporation (“Borrower”), promises to pay to R▇▇▇▇▇ ▇. ▇▇▇▇▇▇ III, or his successors or assigns (“Lender”), in accordance with the terms hereinafter provided, up to an aggregate of Sixty Thousand Dollars ($60,000.00) (the “Principal Amount”), which amount is the $50,000.00 actual amount of the purchase price of the original promissory note for which this note is exchanged (the “Consideration”) hereof plus an original issue discount in the amount of $10,000.00 (the “OID”). The Principal Amount outstanding shall be due and payable on the first date that the Borrower has the ability to pay, and no later than six (6) months from the Issuance Date. The due date of any outstanding Principal Amount and interest are referred to herein as the “Maturity Date”, respectively. All payments under or pursuant to this Note refer to and shall be made in United States Dollars in immediately available funds to the Holder at the address of the Holder first set forth above or at such other place as the Holder may designate from time to time in writing to the Company or by wire transfer of funds to the Holder.
Appears in 1 contract
Sources: Debt Exchange Agreement (Eco Innovation Group, Inc.)
FORM OF NOTICE OF CONVERSION. (To be Executed by the Registered Holder in order to Convert the Note) The undersigned hereby irrevocably elects to convert $ $_________ principal amount and $_________ of the principal amount accrued interest of the above Note (defined below) into that number of shares of Common Stock to be issued pursuant to the conversion of Eco Innovation Group Inc. the Note (“Common Stock”) as set forth below, of Accredited Solutions, Inc., a Nevada corporation (the “CompanyBorrower”) ), according to the conditions hereofof the convertible note of the Borrower dated as of September 4, 2024 (the “Note”), as of the date written below. Date No fee will be charged to the Holder for any conversion, except for transfer taxes, if any. Box Checked as to applicable instructions: ☐ The Borrower shall electronically transmit the Common Stock issuable pursuant to this Notice of ConversionConversion to the account of the undersigned or its nominee with DTC through its Deposit Withdrawal Agent Commission system (“DWAC Transfer”). Name of DTC Prime Broker: ____________________________________________________ Account Number: ___________________________________________________________ ☐ The undersigned hereby requests that the Borrower issue a certificate or certificates for the number of shares of Common Stock set forth below (which numbers are based on the Holder’s calculation attached hereto) in the name(s) specified immediately below or, if additional space is necessary, on an attachment hereto: Date of conversion: ____________________________________ Applicable Conversion Price: $ ___________________________________ Number of shares of Common Stock beneficially owned or deemed beneficially owned by common stock to be issued pursuant to conversion of the Holder on the Date of Conversion: SignatureNotes: _________________________________ Print NameAmount of Principal Balance due remaining under the Note after this conversion: __________________________ Address[ Name of ▇▇▇▇▇▇ ] By: _______________________________________ FOR VALUE RECEIVED, Eco Innovation GroupAccredited Solutions, Inc., a Nevada corporation (hereinafter called the “Borrower”), hereby promises to pay to R▇▇▇▇▇ ▇. the order of ▇▇▇▇▇▇ IIILaw Firm, PLLC, or his successors or registered assigns (the “LenderHolder”), the sum of $40,000.00 together with any interest as set forth herein, on September 4, 2025 (the “Maturity Date”), including interest on the unpaid principal balance hereof at the rate of eight percent (8%) (the “Interest Rate”) per annum from the date hereof (the “Issue Date”) until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment. This Note may not be prepaid in whole or in part except as otherwise explicitly set forth herein. Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of eighteen percent (18%) per annum from the due date thereof until the same is paid (“Default Interest”). Interest shall commence accruing on the date that the Holder pays the full Purchase Price to the Borrower and shall be computed on the basis of a 365-day year and the actual number of days elapsed. All payments due hereunder (to the extent not converted into common stock, $0.001 par value per share (the “Common Stock”) in accordance with the terms hereinafter provided, up to an aggregate of Sixty Thousand Dollars ($60,000.00hereof) (the “Principal Amount”), which amount is the $50,000.00 actual amount of the purchase price of the original promissory note for which this note is exchanged (the “Consideration”) hereof plus an original issue discount in the amount of $10,000.00 (the “OID”). The Principal Amount outstanding shall be due and payable on the first date that the Borrower has the ability to pay, and no later than six (6) months from the Issuance Date. The due date of any outstanding Principal Amount and interest are referred to herein as the “Maturity Date”, respectively. All payments under or pursuant to this Note refer to and shall be made in lawful money of the United States Dollars in immediately available funds to the Holder at the address of the Holder first set forth above or America. All payments shall be made at such other place address as the Holder may designate from time to time in writing shall hereafter give to the Company or Borrower by wire transfer written notice made in accordance with the provisions of funds this Note. Each capitalized term used herein, and not otherwise defined, shall have the meaning ascribed thereto in that certain Securities Purchase Agreement dated the date hereof, pursuant to which this Note was originally issued (the “Purchase Agreement”). This Note is free from all taxes, liens, claims and encumbrances with respect to the Holder.issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The following terms shall apply to this Note:
Appears in 1 contract
Sources: Legal Services Agreement (Accredited Solutions, Inc.)
FORM OF NOTICE OF CONVERSION. (To be Executed by the Registered Holder in order to Convert the Note) The undersigned hereby irrevocably elects to convert $ $_________ principal amount and $_________ of accrued interest of the Note (defined below) into that number of shares of Common Stock to be issued pursuant to the conversion of the Note (“Common Stock”) as set forth below, of Software Effective Solutions Corp., a Louisiana corporation (the “Borrower”), according to the conditions of the convertible note of the Borrower dated as of March 1, 2025 (the “Note”), as of the date written below. No fee will be charged to the Holder for any conversion, except for transfer taxes, if any. Box Checked as to applicable instructions: □The Borrower shall electronically transmit the Common Stock issuable pursuant to this Notice of Conversion to the account of the undersigned or its nominee with DTC through its Deposit Withdrawal Agent Commission system (“DWAC Transfer”). Name of DTC Prime Broker: _______________________ Account Number: ________________________________ □The undersigned hereby requests that the Borrower issue a certificate or certificates for the number of the principal amount of the above Note into shares of Common Stock set forth below (which numbers are based on the Holder’s calculation attached hereto) in the name(s) specified immediately below or, if additional space is necessary, on an attachment hereto: Date of Eco Innovation Group Inc. (the “Company”) according conversion: Applicable Conversion Price: Number of shares of common stock to the conditions hereof, as be issued pursuant to conversion of the date written below. Date Notes: Amount of ConversionPrincipal Balance due remaining under the Note after this conversion: [ Name of ▇▇▇▇▇▇ ] By: ___________________________________________ Applicable Conversion Price: ___________________________________ Number of shares of Common Stock beneficially owned or deemed beneficially owned by the Holder on the Date of Conversion: Signature: ____________________ Print Name: __________________ Address: ____________________ FOR VALUE RECEIVED, Eco Innovation Group, Inc.Software Effective Solutions Corp., a Nevada Louisiana corporation (hereinafter called the “Borrower”), hereby promises to pay to R▇▇▇▇▇ ▇. ▇▇▇▇▇▇ IIIthe order of Red Phoenix Rising, LLC, or his successors or registered assigns (the “LenderHolder”), the sum of $150,000.00 together with any interest as set forth herein, on April 1, 2026 (the “Maturity Date”), including interest on the unpaid principal balance hereof at the rate of eight percent (8%) (the “Interest Rate”) per annum from the date hereof (the “Issue Date”) until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment. This Note may not be prepaid in whole or in part except as otherwise explicitly set forth herein. Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of eighteen percent (18%) per annum from the due date thereof until the same is paid (“Default Interest”). Interest shall commence accruing on the date that the Holder pays the full Purchase Price to the Borrower and shall be computed on the basis of a 365-day year and the actual number of days elapsed. All payments due hereunder (to the extent not converted into common stock, $0.001 par value per share (the “Common Stock”) in accordance with the terms hereinafter provided, up to an aggregate of Sixty Thousand Dollars ($60,000.00hereof) (the “Principal Amount”), which amount is the $50,000.00 actual amount of the purchase price of the original promissory note for which this note is exchanged (the “Consideration”) hereof plus an original issue discount in the amount of $10,000.00 (the “OID”). The Principal Amount outstanding shall be due and payable on the first date that the Borrower has the ability to pay, and no later than six (6) months from the Issuance Date. The due date of any outstanding Principal Amount and interest are referred to herein as the “Maturity Date”, respectively. All payments under or pursuant to this Note refer to and shall be made in lawful money of the United States Dollars in immediately available funds to the Holder at the address of the Holder first set forth above or America. All payments shall be made at such other place address as the Holder may designate from time to time in writing shall hereafter give to the Company or Borrower by wire transfer written notice made in accordance with the provisions of funds this Note. This Note is free from all taxes, liens, claims and encumbrances with respect to the Holder.issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The following terms shall apply to this Note:
Appears in 1 contract
Sources: Market Development and Sales Services Agreement (Software Effective Solutions, Corp.)