Attached files
file | filename |
---|---|
10-Q - ZONZIA MEDIA, INC. | v194043_10q.htm |
EX-10.3 - ZONZIA MEDIA, INC. | v194043_ex10-3.htm |
EX-10.4 - ZONZIA MEDIA, INC. | v194043_ex10-4.htm |
EX-10.5 - ZONZIA MEDIA, INC. | v194043_ex10-5.htm |
EX-32.1 - ZONZIA MEDIA, INC. | v194043_ex32-1.htm |
EX-10.6 - ZONZIA MEDIA, INC. | v194043_ex10-6.htm |
EX-32.2 - ZONZIA MEDIA, INC. | v194043_ex32-2.htm |
EX-31.2 - ZONZIA MEDIA, INC. | v194043_ex31-2.htm |
EX-10.2 - ZONZIA MEDIA, INC. | v194043_ex10-2.htm |
EX-31.1 - ZONZIA MEDIA, INC. | v194043_ex31-1.htm |
EX-10.7 - ZONZIA MEDIA, INC. | v194043_ex10-7.htm |
CONVERTIBLE
PROMISSORY NOTE – DS
$200,000
(Twe Hundred Thousand Dollars)
|
Dated:
April 7, 2010
|
Principal
Amount
|
State
of Nevada
|
Funding Date- On or
before April 30, 2010
Due Date of Note
April 30, 2011
FOR VALUE
RECEIVED, Two Hundred Thousand Dollars ($200,000), the undersigned,
Indigo-Energy, Inc., a Nevada Corporation, located at 701 N. Green Valley
Parkway, Suite
200, Henderson, NV 89074 (the “Borrower”
or the “Company”) hereby promises to pay
to the order of David
C. Stang an individual located at 105 Mockingbird Lane, Seabrook, TX
77586 (Maker), the sum of $200,000
(Two Hundred Thousand Dollars). Said sum shall be paid in the manner
following:
This
Convertible Promissory Note (Note) shall
bear Interest at twelve percent (12%) per
annum from the Funding Date to the Due Date. Interest will begin accruing on the
entire principal amount on the date this Note is fully funded.
At the
Due Date Borrower will repay the Note in the following manner:
Option 1- At the option of the
Maker he may elect to convert the entire amount of the note including the
Principal Amount plus any accrued interest at any time prior to May 5, 2010 at
five cents ($.05) per share Market Price according to the terms of the
Convertible Option below.
Option 2- At the option of the
Maker he may elect to convert the entire amount of the note including the
Principal Amount plus any accrued interest at any time from May 5, 2010 to the
Due Date at eight cents ($.08) per share Market Price according to the terms of
the Convertible Option below.
Option 3- If the Maker does
not elect Option 1 or Option 2, Borrower will repay the Principal Amount along
with accrued interest within 10 days of the Due Date via check to the Makers
address above.
Convertible
Option:
Maker may
convert this Note according to Option 1 or Option 2 above according to the
“Conversion Formula” below by faxing (702-977-7483) or mailing the Notice of
Conversion (attached) to the company.
Conversion
Formula:
The
“Conversion Amount” shall be Principal Amount plus any accrued interest due at
date of conversion.
The
“Conversion Price” shall be an amount equal to a fifty percent (50%) discount to
the Market Price as defined in Option 1 or Option 2 above.
1
The
"Conversion Date" shall be the date of acceptance by the Company of the attached
"Conversion Notice".
The
Conversion Formula shall be the Conversion Amount divided by the Conversion
Price. The Conversion Amount shall be converted to common stock issuable to the
Maker, such stock to be restricted by Rule 144 and issued within 30 days of the
Conversion Date.
Additionally,
the Maker shall receive six (6) shares of Borrower's common stock for every
dollar of Principal Amount within thirty (30) days of disbursement of the funds,
such stock to be restricted by Rule 144. The Maker acknowledges that the Shares
are being acquired for their own account for investment purposes only and not
with a view to distribution or resale to others in contravention of the
registration requirements of the Securities Act of 1933.
This Note
shall at the option of the Maker be immediately due and payable upon the
occurrence of any of the following:
1- Breach
of any condition of any of the security interest.
2- Upon
the dissolution, liquidation or filing of a bankruptcy of the
Borrower.
Wire
Instructions for receipt of funds by Borrower are:
Bank of
America
2638 W.
Horizon Ridge Parkway
Henderson,
NV 89052
Indigo-
Energy, Inc.
Account
# _______________
Wire
Routing ABA # _______________
Default Provisions. In the
event this note shall be in default, and placed with an attorney for collection,
then the Borrower agrees to:
1-
|
Pay
all reasonable attorney fees and costs of collection. Payments not made
within 10 days of due date shall be subject to a late
charge of 10% of said payment. All payments hereunder shall be made to the
Maker, and;
|
2-
|
Pay
to Maker a penalty of five (5) million shares of restricted common stock
of the Company, said stock to be issued within thirty (30) days of
default.
|
2
Entire Agreement. The
Borrowers agree to be fully bound hereunder until this note shall be fully paid
and waive demand, presentment and protest and all notices thereto and further
agrees to remain bound, notwithstanding any extension, renewal, modification,
waiver, or other indulgence by the Maker or upon the discharge or release of the
Borrowers, or upon the exchange, substitution, or release of any collateral
granted as security for this Note. No modification or indulgence by Maker shall
be binding unless in writing, and any indulgence for one occasion shall not be
an indulgence for any other or future occasion. This Note shall take effect as a
sealed instrument and shall be construed, governed, and enforced in accordance
with the laws of the State of Nevada.
Signed
the date recorded below:
/s/ Steve Durdin |
April
9, 2010
|
|
Steve
Durdin, CEO
|
Date
|
|
Indigo-Energy,
Inc.
|
Accepted by Maker: |
|
||
|
|
||
|
|||
/s/ David C. Stang | April 9, 2010 | ||
David C.
Stang From Note Conv 200K |
Date
|
|
3