*** SEC FORM 8K DEBT PAYOFF OUT ***
8.01 Repayment of Convertible Note Between KBM Worldwide and the Company
On July 21, 2015 the Company repaid in cash and in full, the convertible note obligation owed by the Company to KBM Worldwide. The note was eligible for conversion on August 22, 2015. No conversion was done under the Note. KBM Worldwide accepted the payment wired by the Company to KBM Worldwide as full and complete repayment of the note, interest and penalties. No further amounts are owed thereunder.
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