DD Support Board and Research Team

[Arthur]

Here's an example of a CD going sour:

Item 1.01 Termination of a Material Definitive Agreement.

On November 17, 2015, FBEC Worldwide, Inc., (“FBEC”) entered into an addendum to the $20,000 face amount original issue discount convertible promissory note, dated May 14, 2015 (the “Note”), whereby the Note was terminated and the balance due thereunder was retired. In exchange for the retirement of the Note, FBEC agreed to assign an interest rate of seven percent (7%) to the $45,000 face amount original issue discount convertible promissory note, dated September 14, 2015, and increase any late fee penalty interest rate by seven percent (7%).

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11028420

The CD has not been paid off or "retired" in any way, shape or form.

It is morphed back into the Convertible Promissory Note where it originated, at a much worse interest rate. when the time is appropriate, the promissory note will be quietly changed to a Convertible Debenture with a steep discount.