Friday, November 21, 2014 4:26:12 PM
NOTE 7 – SUBSEQUENT EVENTS
In October 2014, the Company borrowed $25,000 at an annual interest rate of 5% with a conversion feature that
allows the lender to convert the debt at 50% of the lowest trade in the 10 trading days previous to the notice of
conversion.
In November 2014 the Company borrowed $426,000 at an annual interest rate of 12% with a 2-year maturity. The
Company can prepay the note and accrued interest at any time, without penalty at any time 6 months after execution.
The note holder has the right to convert the debt into stock at the same price as any future Regulation A stock
offering conducted by the Company.
In November 2014, the Company borrowed $91,000 at an annual interest rate of 5% with a conversion feature that
allows the lender to convert the debt at 50% of the lowest trade in the 20 trading days previous to the notice of
conversion.
In October 2014, the Company borrowed $10,000 from one investor at an annual interest rate of 4% with a 1-year
maturity.
NOTE 7 – SUBSEQUENT EVENTS (Continued)
In October 2014, the Company borrowed $5,000 from one investor at an annual interest rate of 4% with a 1-year
maturity.
In October of 2014, the Company entered into a investment agreement to purchase 20% of the licensing rights to a
new reality TV show entitled The Battle of the Strands. In November 2014, the Company paid $426,000 to secure
8.52% of this property.
Subsequent to Septermber 30, 2014, the Company issued 66,666,666 shares in an equity transaction that was later
rescinded
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