Bubblr corrects conversion share count, reduces conversion price to $0.50 in note amendment

Bubblr Inc.

Amends June 2021 and November 2021 convertible notes; conversion price lowered from $1.15 to $0.50 per share.
Corrects shares issuable upon conversion from 4,347,520,000 to 4,347,520 for June 2021 notes due to prior error.
If fully converted, June 2021 notes (principal $2,112,150 plus $21,120 interest) would yield 4,347,520 shares.
November 2021 notes (principal $175,630 plus $3,659 interest) would convert into 358,578 shares; majority holders approved.

item 1.01 item 3.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

Bubblr Inc. amended Amendment No. 2 valued at $2,112,150 and $175,630 (effective 2022-12-15).

Action: amendment
Agreement: notes offering
Value: $2,112,150 and $175,630
Effective: 2022-12-15

Exact text from the filing

On December 15, 2022, Bubblr, Inc. (the “Company”) entered into a second amendment to its outstanding Convertible Promissory Notes issued by the Company on June 30, 2021 (the “June 2021 Notes”) and a second amendment (the “Amendment No. 2”) to its outstanding Convertible Promissory Notes issued by the Company on November 5, 2021 (the “November 2021 Notes”, and together with the June 2021 Notes, the “Notes”) (collectively, the “Amendment No. 2”).

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Source: SEC EDGAR

accession 0001663577-23-000031

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