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Re: littlejohn post# 4888

Monday, 06/19/2017 5:40:35 PM

Monday, June 19, 2017 5:40:35 PM

Post# of 14476
this one is coming on strong/ $FRZT

re;

Frzt appears a debt hole for Insider

to manage Your Money...


Best of luck seeing

a return when it gets

into Management hands...LJ


CEO notes owed By company...


03/31/2017 10Q filing link...

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12070616


Convertible Notes Payable – Related Party

Convertible notes payable, related party consisted of the following at:

March 31, 2017 December 31, 2016

Convertible note payable to the Holland Family Trust, maturing on December 31, 2017, with interest at 10%

$222,572 $222,572

Convertible note payable to Craig Holland, maturing on December 31, 2017, with interest at 10%


813,602 813,602

Convertible note payable to Craig Holland, maturing on December 31, 2017, with interest at 10%


186,450 186,450

Convertible note payable to Mick Donahoo, maturing on December 31, 2017, with interest at 10%


186,450 186,450

Convertible note payable to Craig Holland, maturing on December 31, 2017, with interest at 10%


6,925 6,925

Convertible note payable to Mick Donahoo, maturing on December 31, 2017, with interest at 10%

31,042 31,042

Total

$ 1,447,041 $ 1,447,041


The “Holland Family Trust Convertible Note”
is convertible into Company common
stock at the greater of (i) the
Variable Conversion Price and (ii)
the Fixed Conversion Price. The
“Variable Conversion Price” shall
mean 50% multiplied by the Market
Price (representing a discount rate
of 50%). “Market Price” means the
average of the three lowest trading
prices for the Company’s common
stock during the twenty-five
(25) trading-day period ending
on the latest complete trading
day prior to the date of conversion.
“Fixed Conversion Price”
shall mean $0.00005.

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