Freeze Tag Inc (FRZT)

[iPickle]

We currently have approximately $3,173,944 due by us to holders of convertible promissory notes. Based on the quoted price of common stock on October 23, 2015 of $0.0014, and based on the conversion mechanisms under the convertible promissory notes, the amounts due under the convertible promissory notes would convert into approximately 4,534,205,714 shares of our common stock if all the notes were able to be converted at one time (which they are not due to certain ownership restrictions in certain of the notes).

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