Debt Conversion Agreement between Perf Go Green, Inc. and Debenture Holders (November 6, 2009)

Contract Categories: Business Finance › Debenture Agreements
Summary

Perf Go Green, Inc. entered into an agreement with several debenture holders, including Dr. Eric Sadah & Mrs. Mikal Dror, Bhansali Equities, Semper Gestion CEO Karr, Mr. Steve Wechsler (E.G.G. Pension), Whalehaven Capital Fund Limited, Brio Capital L.P., and Excalibur Special Opportunity Fund L.P. The agreement outlines the conversion of outstanding principal and accrued interest on their debentures into company shares and warrants. The document specifies the amounts owed and the corresponding shares and warrants to be issued, effectively settling the debt through equity conversion.

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EX-10.10 2 f8k110609ex10x_perf.htm DEBT CONVERSION AGREEMENT DATED NOVEMBER 6, 2009 f8k110609ex10x_perf.htm
Exhibit 10.10
 
PERF GO GREEN, INC
SCHEDULE OF DEBENTURE HOLDERS - PRINCIPAL and INTEREST
 
          
                 
                 
     
 
 
  
REMAINING
SHARES
WARRANTS 100%
     
REMAINING
 
 
DEBENTURE
DEBENTURE
DEBENTURE
NOTEHOLDERS
DATE
DEBENTURE
 BALANCE
ACCRUED
 INT
ACCRUED
 INT
BALANCE
plus
BALANCE plus
BALANCE plus
     
30-Jun-09
30-Jun-09
15-Oct-09
INTEREST
INTEREST
INTEREST
Dr. Eric Sadah  &  Mrs. Mikal Dror
May 13, 2008
$50,000.00
$2,069.44
$1,486.11
$53,555.56
535,556
535,556
Bhansali Equities
May 13, 2008
$500,000.00
$20,694.44
$14,861.11
$535,555.56
5,355,556
5,355,556
Semper Gestion
CEO  Karr
May 13, 2008
$1,500,000.00
$62,083.33
$44,583.33
$1,606,666.67
16,066,667
16,066,667
Mr. Steve
Wechsler (E.G.G. Pension)
May 13, 2008
$100,000.00
$4,138.89
$2,972.22
$107,111.11
1,071,111
1,071,111
Whalehaven Capital Fund Limited
June 10, 2008
$140,471.25
$4,721.39
$4,175.12
$149,367.76
1,493,678
1,493,678
Brio Capital L.P.
June 10, 2008
$100,000.00
$3,750.00
$3,076.39
$106,826.39
1,068,264
1,068,264
Excalibur Special Opportunity Fund L.P. (Canaccord)
June 10, 2008
$175,000.00
$5,881.94
$5,201.39
$186,083.33
1,860,833
1,860,833
                 
TOTAL
    
$2,565,471.25
$103,339.45
$76,355.67
$2,745,166.37
27,451,664
27,451,664