About this document
ACRO Inc. 2009 Convertible Note Agreement is a document available to read on EtoBox.
(1) ACRO Inc. entered into a convertible promissory note with BioTech Knowledge LLC, wholly owned by company director Ehud Keinan, for an interest-free loan of $93,274 to be repaid by February 8, 2010. (2) The note can be converted to company common stock at $0.008 per share or upon a change in control of the company. (3) In connection with the note, ACRO also issued a warrant to purchase common stock equal to the number of shares issued if the note is converted, exercisable for 3 years.
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