Notice of Conversion by and between U.S. Rare Earths, Inc. and Logic International Consulting Group LLC dated June 28, 2013
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Human Resources
- Consulting Agreements
EX-10.2 3 uree_ex102.htm NOTICE OF CONVERSION uree_ex102.htm
Exhibit 10.2
U.S. Rare Earths, Inc.
Conversion of Liability
Notice of Conversion of U.S. Rare Earths, Inc. Shares of Common Stock to Logic International Consulting Group, LLC
Notice is hereby given by Logic International Consulting Group, LLC (“Logic”) to U.S. Rare Earths, Inc. that Logic has agreed to convert its accounts payable as of June 30, 2013 into shares of the Company’s common stock.
Based on the accounts payable balance due Logic as of June 30, 2013 of $800,000, Logic is entitled to receive 800,000 shares of the Company Stock which are deemed restricted securities and will not be registered under the Securities Act of 1933.
Agreed this 28th day of June, 2013.
| HOLDER: | COMPANY: | |||
| Logic International Consulting Group, LLC | U.S. Rare Earths, Inc. | |||
| By: /s/ Kevin Cassidy | By: /s/ Kevin Cassidy | |||
| Kevin Cassidy | Kevin Cassidy |
