Tabatabaei Note Conversion
Exhibit 10.30
EXHIBIT I
CONVERSION NOTICE
(To be executed by the Holder in order to Convert the Note)
TO: MCTC HOLDINGS, INC.
Via Email: ***@***
The undersigned hereby irrevocably elects to convert a portion of the outstanding Note into Alternative Conversion Stakes as outlined in the Note Agreement.
The date of the note was Feb 29, 2020 for the accrued monthly executive compensation of $10,000 a month per original Executive Agreement item 4.1. It was converted on May 22, 2020. The principal amount was $79,333.33. Interest was $2608.22 for a total conversion of $81,941.55. Conversion price was 11.79 cents and it converted to 694, 902 shares. The calculation schedule is on Exhibit II, following the signature.
Conversion Date: May 22, 2020
Principal Amount: $79,333.33
Please issue the shares of Common Stock in the following name and to the following address:
Issue to: Arman Tabatabaei
14252 Culver Dr #A555
Irvine Ca 92604
Authorized Signature: | /s/ Arman Tabatabaei | |
Name: | Arman Tabatabaei | |
Title: | CEO |
EXHIBIT II
CONVERSION Calculation
Arman Convertible
Date Taken | 29-Feb-20 | |||
Date Converted | 22-May-20 | |||
Prin Amount | $ | 79,333.33 | ||
Inter 10% | $ | 2,608.22 | ||
Convt $ | $ | 81,941.55 | ||
Convert Price | $ | 0.1179 | ||
Convert to Shares | 694,901.34 |
4/22/20 | 0.25 | 0.3 | 0.21 | 0.23 | 0.23 | 44696 | ||||||||||||||||||
4/23/20 | 0.26 | 0.26 | 0.17 | 0.2499 | 0.2499 | 23300 | ||||||||||||||||||
4/24/20 | 0.24 | 0.24 | 0.18575 | 0.2 | 0.2 | 7750 | ||||||||||||||||||
4/27/20 | 0.2 | 0.239 | 0.18 | 0.18 | 0.18 | 19108 | ||||||||||||||||||
4/28/20 | 0.175 | 0.21 | 0.175 | 0.21 | 0.21 | 5412 | ||||||||||||||||||
4/29/20 | 0.21725 | 0.3299 | 0.2 | 0.26998 | 0.26998 | 36454 | ||||||||||||||||||
4/30/20 | 0.3 | 0.3299 | 0.26 | 0.29 | 0.29 | 52203 | ||||||||||||||||||
5/1/20 | 0.3299 | 0.3299 | 0.26 | 0.29365 | 0.29365 | 39760 | ||||||||||||||||||
5/4/20 | 0.26115 | 0.32 | 0.23 | 0.23 | 0.23 | 130267 | ||||||||||||||||||
5/5/20 | 0.29 | 0.29 | 0.15 | 0.2125 | 0.2125 | 190303 | ||||||||||||||||||
5/6/20 | 0.245 | 0.3 | 0.22 | 0.23 | 0.23 | 94089 | ||||||||||||||||||
5/7/20 | 0.21 | 0.28 | 0.21 | 0.235 | 0.235 | 58824 | ||||||||||||||||||
5/8/20 | 0.22 | 0.2489 | 0.182 | 0.2489 | 0.2489 | 39139 | ||||||||||||||||||
5/11/20 | 0.24445 | 0.24445 | 0.18 | 0.2199 | 0.2199 | 67667 | ||||||||||||||||||
5/12/20 | 0.2295 | 0.239 | 0.19 | 0.22 | 0.22 | 35800 | ||||||||||||||||||
5/13/20 | 0.2 | 0.2523 | 0.192 | 0.22 | 0.22 | 98601 | ||||||||||||||||||
5/14/20 | 0.275 | 0.28 | 0.21 | 0.245 | 0.245 | 109511 | ||||||||||||||||||
5/15/20 | 0.24 | 0.26 | 0.2305 | 0.252 | 0.252 | 46662 | ||||||||||||||||||
5/18/20 | 0.241 | 0.27 | 0.232 | 0.2599 | 0.2599 | 44549 | ||||||||||||||||||
5/19/20 | 0.25 | 0.26 | 0.22 | 0.22 | 0.22 | 25698 | ||||||||||||||||||
Sum | 4.71673 | |||||||||||||||||||||||
Average | $ | 0.2358 |