Debt Conversion agreement dated September 30, 2012, between the Company and Richard Smyth

EX-10.1 2 sibe_ex10z1.htm AGREEMENT TO CONVERT DEBT Debt Conversion agreement

EXHIBIT 10.1


AGREEMENT TO CONVERT DEBT


DATE: September 30, 2012


TO: Richard Smyth


FROM: Gerald F. Sullivan, Chairman, Sibling Group Holdings, Inc.


RE: Conversion of Debt


This memo shall serve to record the agreement by Richard Smyth to convert the existing debt at September 30, 2012 to common stock in SIBE at $2.00 per share. The outstanding amount as of that date that shall be converted is $136,328, and in consideration of the conversion of the debt 68,500 shares of common stock shall be issued. Richard Smyth may issue the shares to third parties and will notify the transfer agent of the issuance information at the time of issuance.





Thank you for your assistance.


Signed:


Gerald F. Sullivan

Chairman













Meshugeneh - settle payable

188,500

Richard P. Smyth - settle payable

68,500