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Friday, May 22, 2015 5:27:39 PM
On May 15, 2015, the Registrant accepted a conversion notice from KBM Worldwide, Inc. ("KBM ") to partially satisfy a $98,500 Convertible Promissory Note Agreement ("the KBM Note") dated August 6, 2014 with KBM. 6,000,000 shares were subsequently issued to satisfy $1,380 of the outstanding principal in accordance with the terms of the KBM Note. As of the date of this report the remaining amount currently outstanding on the KBM Note is $80,150.
On May 15, 2015, the Registrant accepted a conversion notice from LG Capital Funding LLC ("LG") to partially satisfy a $33,000 Promissory Note ("the LG Note #2") dated February 3, 2014, with LG. 11,800,476 shares were subsequently issued to satisfy $2,478 of the outstanding principal and interest in accordance with the terms of the LG Note #2. As of the date of this report the remaining amount currently outstanding on the LG Note #2, including accrued interest, is now $25,745.
On May 15, 2015, the Registrant accepted a conversion notice from JMJ Financial, ("JMJ") to partially satisfy a $550,000 Promissory Note ("the JMJ Note") dated July 11, 2012 with JMJ. 6,000,000 shares were subsequently issued to satisfy $1,260 of the outstanding principal and interest in accordance with the terms of the JMJ Note. As of the date of this report the remaining amount currently outstanding on the JMJ Note, including accrued interest, is now $76,925.
On May 15, 2015, the Registrant accepted a conversion notice from JSJ Investments Inc. ("JSJ ") to partially satisfy a $250,000 Convertible Promissory Note Agreement ("the JSJ Note") dated July 14, 2014 with JSJ. 10,343,957 shares were subsequently issued to satisfy $1,800 of the outstanding principal in accordance with the terms of the JSJ Note. As of the date of this report the remaining amount currently outstanding on the JSJ Note, including accrued interest, is $94,473.
On May 18, 2015, the Registrant accepted a conversion notice from Tangiers Investors LP, ("Tangiers") to partially satisfy a $750,000 Convertible Promissory Note Agreement ("the Note") dated October 2, 2012 with Tangiers. 12,038,095 shares were subsequently issued to satisfy $2,528 of the outstanding principal and interest in accordance with the terms of the Note, as amended on December 5, 2014. As of the date of this report the remaining amount currently outstanding on the Note, including accrued interest, is now $442,986.
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