FONU2 takes in $75,900 from private placements of convertible notes

Convertibles were purchased by SBI Investments and CareBourn Capital

By Devika Patel

Knoxville, Tenn., Jan. 15 – FONU2 Inc. sold a $25,000 8% convertible note due Jan. 11, 2017 to SBI Investments on Jan. 11 and a $50,900 12% convertible note due Nov. 12, 2016 to CareBourn Capital LP on Jan. 12, according to an 8-K filed Friday with the Securities and Exchange Commission.

The notes may be converted into common shares at 55% of the lowest trading price of the stock during the 20 trading days preceding conversion.

FONU2 is a technology company based in Fort Lauderdale, Fla.

Issuer:	FONU2 Inc.
Issue:	Convertible note
Amount:	$78,500
Conversion price:	55% of the lowest trading price of the stock during the 20 trading days preceding conversion
Warrants:	No
Investor:	SBI Investments (for $25,000), CareBourn Capital LP (for $50,900)
Settlement dates:	Jan. 11 (for $25,000), Jan. 12 (for $50,900)
Stock symbol:	OTCBB: FONU
SBI note
Coupon:	8%
Maturity:	Jan. 11, 2017
CareBourn note
Coupon:	12%
Maturity:	Nov. 12, 2016

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