Order to Convert Promissory Note to Common Shares between Paul Parliament and Bravo Multinational Incorporated
Paul Parliament, the holder of a promissory note originally valued at $1,128,573 from Bravo Multinational Incorporated (BRVO), instructs BRVO to convert the remaining balance of $520,025.98 (including accrued interest) into 2,600,130 common shares. The shares will be deposited electronically in Paul Parliament's name and will be affiliate/restricted shares, but not subject to further holding periods under Rule 144. BRVO will cover all costs related to the conversion and provide necessary legal documentation. The agreement is effective as of November 19, 2018.
Exhibit 10.32
Order To Convert
The Promissory Note ‘Holder’, Paul Parliament hereby instructs the ‘Maker’ to convert to common shares (stock) of the ‘Maker’, Bravo Multinational Incorporated, “BRVO”, the Promissory Note (plus accrued interest) originally dated October 3rd, 2016 with original principle face value owed to the ‘holder’ in the amount of $1,128,573.00US. As of the date of this notice the face value owed to the holder including all accrued interest is $520,025.98 and is to be converted to common BRVO shares as per the terms of conversion as mutually agreed to and as stipulated by the Board of Directors on November 19th, 2018. The shares will be electronically deposited into an account in the ‘Holders’ name at the transfer agent of the ‘Maker’, Transfer Online Inc., located in Portland Oregon. The ‘Holder’ acknowledges that the shares are to be issued as affiliate/restricted, but said shares are not subject to any further holding period (under Rule 144) as the original date on the Promissory Note have sufficiently aged, and the company shall provide written confirmation of this and an irrevocable release authorization as well as a written legal opinion from the companies lawyer, addressed to the transfer agent and the holders broker. Furthermore, no fees and or costs shall be incurred by the current ‘holder’ for the conversion, issuance, release or deposit of these shares to the holder’s broker.
Shares to be issued: Effective date November 19th, 2018
2,600,130 common shares (stock)
Dated and signed on December 4th, 2018
/s/ Paul Parliament
‘Holder’: Paul Parliament
/s/ Rich Kaiser
Acknowledgment by ‘Maker’:
Rich Kaiser, Acting CFO
Bravo Multinational Incorporated
