Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - OSL Holdings Inc. | form8k.htm |
| EX-4.1 - EXHIBIT 4.1 - OSL Holdings Inc. | ex4-1.htm |
Funding Agreement (the “Agreement”)
This Agreement is entered into on March 18, 2014 between Kevin T. Mulhearn (“Mulhearn”) and OSL Holdings, Inc.(“OSL”) .
Whereas pursuant to the previously executed Profit Sharing and Collaboration Agreement Mulhearn has the right to invest additional sums on the same prorate terms.
Therefore the parties agree as follows
| 1. | Mulhearn has invested or will invest an additional $100,000 within seven (7) days. | |
| 2. | OSL shall issue Mulhearn a promissory note in the amount of $100,000 payable in twelve months. The note shall permit OSL , in its discretion, to convert the note into shares of common stock at market price any time after the thirty day weighted average share price reaches $0.50. | |
| 3. | OSL shall provide cashless warrants for 833,333 shares exercisable when the share price hits $0.25 and cashless warrants for 500,000 shares exercisable when the share price hits $0.50. |
Agreed to:
| X | X | |
| Kevin T. Mulhearn | OSL Holdings, Inc., By Eric Kotch | |
| CFO |