Convertible Promissory Note and Securities Purchase Agreement between Seafarer Exploration Corp. and Asher Enterprises, Inc. dated October 6, 2011

Contract Categories: Business Finance › Note Agreements
Summary

Seafarer Exploration Corp. and Asher Enterprises, Inc. entered into an agreement on October 6, 2011, where Seafarer issued a convertible promissory note to Asher. This means Asher provided funding to Seafarer, and in return, Asher can either be repaid in cash or convert the debt into Seafarer’s stock under certain conditions. The agreement outlines the terms of the loan, conversion rights, and other obligations of both parties.

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EX-10.21 21 exhibit_10-21.htm CONVERTIBLE PROMISSORY NOTE ISSUED BY SEAFARER EXPLORATION CORP. TO ASHER ENTERPRISES, INC. AND SECURITIES PURCHASE AGREEMENT BETWEEN ASHER ENTERPRISES, INC. AND SEAFARER EXPLORATION CORP. DATED AS OF OCTOBER 6, 2011 exhibit_10-21.htm
EXHIBIT 10.21