Confirmation of Set Price for 10% Convertible Debenture between Gopher Protocol Inc. and GV Global Communications, Inc.
Gopher Protocol Inc. and GV Global Communications, Inc. confirm the set price of $0.0075273 for a 10% Convertible Debenture originally issued in 2009 and exchanged in 2015. The agreement clarifies that this price remains unchanged despite a 1:1,000 reverse stock split in February 2015. The document is acknowledged and agreed to by both companies and the individual buyer of the note, Itzhak Kleyman.
Exhibit 4.1
Gopher Protocol Inc.
c/o Olga Sashcenovasiliy
Vasiliy Jukovskiy Str. 3
B2AP38
Kiev 03127 Ukraine
March 2, 2015
Vadim Vaynter, President
GV Global Communications, Inc.
Re: 10% Convertible Debenture
Mr. Vaynter and Mr. Kleyman:
Reference is hereby made to that certain 10% Convertible Debenture held by GV Global Communications, Inc. originally issued on October 6, 2009 and exchanged on January 19, 2015 (the “GV Debenture”). The parties hereby confirm that the Set Price set forth in the GV Debenture is $0.0075273. The parties hereby further confirm that it was the intent of the parties that the Set Price not be impacted by the 1:1,000 reverse stock split implemented on February 24, 2015. Accordingly, the Set Price shall remain as $0.0075273.
| GOPHER PROTOCOL INC. | ||
| By: | /s/ Igwekali Reginald Emmanuel | |
| Name: | Igwekali Reginald Emmanuel | |
| Title: | CEO | |
ACKNOWLEDGED AND AGREED:
GV GLOBAL COMMUNICATIONS, INC.
By: /s/Avady Vaynter
Name: Avady Vaynter
Title: President and Director.
I the undersigned I. Kleyman buyer of said note hereby sign my ACKNOWLEDGED AND AGREED as well:
By: /s/Itzhak Kleyman
Name: Itzhak Kleyman, Individual
