Optional Conversion Notice for Subordinated Convertible Note between Afritex Medical Products (Pty) Ltd. and OxySure Systems, Inc.
Afritex Medical Products (Pty) Ltd. notifies OxySure Systems, Inc. of its decision to convert $335,880 of principal and accrued interest from a Subordinated Convertible Note dated March 26, 2010, into 335,880 shares of OxySure stock. OxySure is required to issue and deliver the share certificates to Afritex or another designated party. This notice is executed as per the terms of the original Note agreement.
EXHIBIT A
OPTIONAL CONVERSION NOTICE
To: OxySure Systems, Inc. ("Obligor")
The undersigned, Afritex Medical Products (Pty) Ltd. ("Holder") of that certain Subordinated Convertible Note dated March 26, 2010 (“Note”) issued by Obligor in favor of Holder, hereby irrevocably exercises the option to convert $335,880 of the Principal Amount and accrued but unpaid interest outstanding under the Note into 335,880 Conversion Shares in accordance with the terms of the Note. Please issue certificates representing the Conversion Shares issuable and deliverable upon this conversion and deliver to the registered Holder of the Note unless a different name is provided by the Holder to Obligor in writing. Capitalized terms used in this Conversion Notice and not otherwise defined herein shall have the respective meanings ascribed to such terms in the Note.
| Signed: | /s/ P. Mphathi Nyewe | |
| Title: | Mphathi Nyewe, Director | |
| Date: | October 13, 2011 |
