Conversion Notice under Convertible Promissory Note between NaturalNano, Inc. and Marlin Capital Investments LLC
This document is a notice from Marlin Capital Investments LLC to NaturalNano, Inc., stating that Marlin Capital is converting $5,500 of a $150,000 convertible promissory note into 110,000 shares of NaturalNano's common stock at a price of $0.05 per share. The remaining balance on the note after this conversion is $114,500. The shares are to be transferred to Marlin Capital's specified brokerage account. This notice formalizes the conversion as of March 10, 2016.
Exhibit 10.2
EXHIBIT A
| Date: | 3/10/l6 |
| NATURALNANO, INC. | |
| Attn: |
CONVERSION NOTICE
The above-captioned Holder hereby gives notice to NaturalNano, Inc., a Nevada corporation (the “Company”), pursuant to that certain Convertible Promissory Note made by the Company in favor of the Holder in the principal amount of $150,000 by the Company (the “Note”); that the Holder elects to convert the portion of the Note balance set forth below into fully paid and non-assessable shares of Common Stock of the Company as of the date of conversion specified below.
| A. | Date of conversion: | 3/10/16 | |
| B. | Conversion #: | ||
| C. | Conversion Amount: | $5,500 | |
| D. | Conversion Price: | $0.05 | |
| E. | Conversion Shares: | 110,000 | |
| F. | Remaining Note Balance: | $114,500 |
Please transfer (he Conversion Shares to the undersigned at:
| Address: | ||
| Marlin Capital Investments LLC | ||
| 555 S Federal Hwy #450 | ||
| Boca Raton FL 33432 |
| Sincerely, | ||
| By: | /s/ Barry Honig | |
| Name: | Barry Honig | |
DWAC Instruction:
Broker No 0283
Account No 11547350
