LITHIUM EXPLORATION GROUP, INC. (OTCMKTS:LEXG) Files An 8-K Entry into a Material Definitive Agreement

LITHIUM EXPLORATION GROUP, INC. (OTCMKTS:LEXG) Files An 8-K Entry into a Material Definitive Agreement

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ITEM 1.01

Entry into a Material Definitive Agreement
ITEM 3.02 Unregistered Sales of Equity Securities.

Effective February 3, 2017, we entered into a securities purchase
agreement with JDF Capital Inc. to which we have issued to JDF,
in consideration for $73,500 (plus $5,000 in legal fees) a 12
month, 10% discounted convertible promissory note in the amount
of $80,850. The promissory note bears interest at the rate of 10%
per annum and is convertible into shares of our common stock at a
price per share equal to a 50% discount to the lowest trading
price of our common stock reported on the OTC Markets during the
20 trading days preceding the applicable notice of conversion.

Effective March 1, 2017, we entered into a securities purchase
agreement with Concord Holding Group, LLC to which we have issued
to Concord, in consideration for $164,750, a 12 month, 10%
discounted convertible promissory note in the amount of $183,056.
The promissory note bears interest at the rate of 10% per annum
and is convertible into shares of our common stock at a price per
share equal to the lesser of $0.005 or a 50% discount to the
lowest trading price of our common stock reported on the OTC
Markets during the 20 trading days preceding the applicable
notice of conversion.

Also effective March 1, 2017, we entered into a securities
purchase agreement with JDF Capital Inc. to which we have issued
to JDF, in consideration for $164,736 (plus $6,336 in legal fees)
a 12 month, 10% discounted convertible promissory note in the
amount of $181,209. The promissory note bears interest at the
rate of 10% per annum and is convertible into shares of our
common stock at a price per share equal to a 50% discount to the
lowest trading price of our common stock reported on the OTC
Markets during the 20 trading days preceding the applicable
notice of conversion.

Effective March 13, 2017, we entered into a securities purchase
agreement with Concord Holding Group, LLC to which we have issued
to Concord, in consideration for $78,000, a 12 month, 10%
discounted convertible promissory note in the amount of $85,800.
The promissory note bears interest at the rate of 10% per annum
and is convertible into shares of our common stock at a price per
share equal to the lesser of $0.005 or a 50% discount to the
lowest trading price of our common stock reported on the OTC
Markets during the 20 trading days preceding the applicable
notice of conversion.

Effective March 20, 2017, we entered into a securities purchase
agreement with JDF Capital Inc. to which we have issued to JDF,
in consideration for $78,000 (plus $3,000 in legal fees) a 12
month, 10% discounted convertible promissory note in the amount
of $85,800. The promissory note bears interest at the rate of 10%
per annum and is convertible into shares of our common stock at a
price per share equal to a 50% discount to the lowest trading
price of our common stock reported on the OTC Markets during the
20 trading days preceding the applicable notice of conversion.

Effective March 28, 2017, we entered into a securities purchase
agreement with Concord Holding Group, LLC to which we have issued
to Concord, in consideration for $128,800, a 12 month, 10%
discounted convertible promissory note in the amount of $141,680.
The promissory note bears interest at the rate of 10% per annum
and is convertible into shares of our common stock at a price per
share equal to the lesser of $0.005 or a 50% discount to the
lowest trading price of our common stock reported on the OTC
Markets during the 20 trading days preceding the applicable
notice of conversion.

We issued the above described promissory notes to Concord Holding
Group, LLC and JDF Capital Inc. in reliance on Rule 506 of
Regulation D of the Securities Act of 1933, as amended, on the
basis that each Concord and JDF represented to our company that
they are an accredited investor as such term is defined in Rule
501(a) of Regulation D.

Item 9.01 Financial Statements and Exhibits
10.1

Securities Purchase Agreement dated February 3, 2017 with
JDF Capital Inc.

10.2

Convertible Promissory Note dated February 3, 2017 issued
to JDF Capital Inc.

10.3

Securities Purchase Agreement dated March 1, 2017 with JDF
Capital Inc.

10.4

Convertible Promissory Note dated March 1, 2017 issued to
JDF Capital Inc.

10.5

Securities Purchase Agreement dated March 1, 2017 with
Concord Holding Group, LLC.

10.6

Convertible Promissory Note dated March 1, 2017 with
Concord Holding Group, LLC.

10.7

Securities Purchase Agreement dated March 13, 2017 with
Concord Holding Group, LLC.

10.8

Convertible Promissory Note dated March 13, 2017 with
Concord Holding Group, LLC.

10.9

Securities Purchase Agreement dated March 20, 2017 with JDF
Capital Inc.

10.10 Convertible Promissory Note dated March 20, 2017 issued to
JDF Capital Inc.
10.11 Convertible Promissory Note dated March 28, 2017 with Concord
Holding Group, LLC.
10.12 Securities Purchase Agreement dated March 28, 2017 with
Concord Holding Group, LLC.


About LITHIUM EXPLORATION GROUP, INC. (OTCMKTS:LEXG)

Lithium Exploration Group, Inc. is an exploration-stage company. The Company is engaged in the acquisition, exploration and development of resource properties. It is focused on the acquisition and development of assets in Alberta, Canada. Its Ultrasonic Technology assists in separating suspended solids from brine water. The technology is based around a transportable ultra-sound reactor. It has applications in the oil and gas, and mining industries. The Ultrasonic Generator (single base unit) can desalinate water at a rate of over 25 to 35 cubic meters per hour. The two discharge streams are distilled water and marketable minerals (flow rates will vary depending on the salinity level of the input stream). The Ultrasonic Generator also has the ability to upgrade crude oil. A single Ultrasonic Generator can upgrade crude oil into petroleum products. The Ultrasonic Generator’s by-products are clean water (or steam) and minerals. As of June 30, 2016, it did not generate any revenue.

LITHIUM EXPLORATION GROUP, INC. (OTCMKTS:LEXG) Recent Trading Information

LITHIUM EXPLORATION GROUP, INC. (OTCMKTS:LEXG) closed its last trading session down -0.00010 at 0.00090 with 102,117,234 shares trading hands.

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