Petrogress Inc. (PGAS)

[Jerdogg1801]

Found this:

https://www.streetinsider.com/SEC+Filings/Form+3+Petrogress%2C+Inc.+For%3A+Oct+12+Filed+by%3A+Traios+Christos+P/13404889.html

Explanation of Responses:
1. On July 13, 2017 Petrogress, Inc. issued a $1,000,000 Revolving Line of Credit Note ("LOC Note") in favor of the Reporting Person. The LOC Note bears interest payable on the outstanding principal at a rate of eight percent (8%) per annum. The Reporting Person may demand payment of any or all of the interest due on the LOC Note principal amount by delivery of a number of shares of Common Stock converted at a rate of $0.001 per share.