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Published on 8/28/2013 in the Prospect News PIPE Daily.

WWA completes $32,500 private placement of 8% convertible note

Convertible promissory note due 2014 purchased by Asher Enterprises

By Devika Patel

Knoxville, Tenn., Aug. 28 - WWA Group, Inc. sold a $32,500 convertible promissory note to Asher Enterprises, Inc. on Aug. 19, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The 8% note is due May 21, 2014 and may be converted into common shares at 51% of the average of the lowest three trading prices of the stock during the 30-trading-day period preceding the conversion date.

The Austin, Texas, company auctions off used and new heavy construction equipment, transportation equipment and marine equipment.

Issuer:WWA Group, Inc.
Issue:Convertible promissory note
Amount:$32,500
Maturity:May 21, 2014
Coupon:8%
Conversion price:51% of the average of the lowest three trading prices of the stock during the 30-trading-day period preceding the conversion date
Call:Yes
Warrants:No
Investor:Asher Enterprises, Inc.
Settlement date:Aug. 19
Stock symbol:OTCBB: WWAG
Stock price:$0.01 at close on Aug. 16

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