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Re: None

Tuesday, 08/15/2017 10:54:39 AM

Tuesday, August 15, 2017 10:54:39 AM

Post# of 13669
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On August 8, 2017, we executed an amendment (the "Amendment") with both holders of our outstanding promissory notes, each in the original principal amount of $268,750. The Amendment provides for each of the holders notes to convert its principal into 2,800,000 shares, or 5,600,000 shares in the aggregate, of the Company's common stock, at a price per share of approximately $0.096. In connection with this Amendment, the holders are also each willing to surrender to the Company the portion of the promissory notes representing the accrued interest as the consideration for this Amendment, which approximates $16,900 in total. The closing of the transactions contemplated by the Amendment is expected to occur on or about August 15, 2017. Following this conversion, the Company will have no debt outstanding
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