Health Logic Interactive Inc (EM)【CHYPF】株式ニュース

Time to shine
Just filed for warrants on the TSX and a 1-10 share consolidation

SEDAR:
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https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00030031

Brief Context:
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NOTE PURCHASE AGREEMENT
THIS NOTE PURCHASE AGREEMENT (this "Agreement"), dated as of July 9, 2020, is entered into among FanLogic Interactive Inc., a corporation incorporated under the laws of the Province of British Columbia (the "Corporation"), and the purchasers (each individually, a "Purchaser", and collectively, the "Purchasers") named in Schedule E attached hereto (the "Schedule of Purchasers").
WHEREAS, subject to the terms and conditions set forth herein, the Corporation wishes to issue and sell to the Purchasers, and the Purchasers wish to purchase from the Corporation, one or more secured convertible promissory notes in exchange for the consideration (the "Consideration") set forth opposite each Purchaser's name on the Schedule of Purchasers.
NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
Article 1 INTERPRETATION
1.1 Definitions. Capitalized terms not otherwise defined in this Agreement will have the meanings set forth in this Section 1.1:
(a) "Applicable Securities Laws" means applicable securities laws (including rules, regulations, policies and instruments enacted thereunder) in force in the Provinces of Alberta and British Columbia from time to time.
(b) "Cease Trade Order" means the cease trade order issued by the Alberta Securities Commission on May 6, 2019 in respect of the Corporation's securities.
(c) "Closing Date" means July 9, 2020.
(d) "Closing Time" means 10:00 a.m. (Mountain Standard Time) on the Closing Date.
(e) "Common Shares" means the common shares in the capital of the Corporation.
(f) "Consolidation" means a consolidation of the Common Shares on the basis of one post-consolidation common share for every ten issued and outstanding pre- consolidation common shares.
(g) "Conversion Price" means:
(i) $0.05 on or before the first anniversary of the Closing Date; and
(ii) $0.10 thereafter.
(h) "Conversion Shares" means post-Consolidation Common Shares issued on the conversion of the Notes pursuant to Section 2.5(a).
(i) "Conversion Warrants" means post-Consolidation Common Share purchase warrants issued on the conversion of the Notes

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