LJCILouisiana Judo Council Inc.
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- LJCI may, at its election, convert any unconverted advances into shares in the Company, upon the terms of the Facility.
- LJCI's future sale of such shares will be restricted to not more than US$180,000 worth of the Company's shares per month, which sale will be conducted through Patersons Securities Limited.
- Within 6 months of the completion and closing of the Rights Issue, US$700,000 will be paid by the Company to LJCI, in instalments.