Friday, November 21, 2014 4:26:12 PM
NOTE 7 – SUBSEQUENT EVENTS
In October 2014, the Company borrowed $25,000 at an annual interest rate of 5% with a conversion feature that
allows the lender to convert the debt at 50% of the lowest trade in the 10 trading days previous to the notice of
conversion.
In November 2014 the Company borrowed $426,000 at an annual interest rate of 12% with a 2-year maturity. The
Company can prepay the note and accrued interest at any time, without penalty at any time 6 months after execution.
The note holder has the right to convert the debt into stock at the same price as any future Regulation A stock
offering conducted by the Company.
In November 2014, the Company borrowed $91,000 at an annual interest rate of 5% with a conversion feature that
allows the lender to convert the debt at 50% of the lowest trade in the 20 trading days previous to the notice of
conversion.
In October 2014, the Company borrowed $10,000 from one investor at an annual interest rate of 4% with a 1-year
maturity.
NOTE 7 – SUBSEQUENT EVENTS (Continued)
In October 2014, the Company borrowed $5,000 from one investor at an annual interest rate of 4% with a 1-year
maturity.
In October of 2014, the Company entered into a investment agreement to purchase 20% of the licensing rights to a
new reality TV show entitled The Battle of the Strands. In November 2014, the Company paid $426,000 to secure
8.52% of this property.
Subsequent to Septermber 30, 2014, the Company issued 66,666,666 shares in an equity transaction that was later
rescinded
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM