Notis Global Inc. (fka NGBL)

[Arthur]

Liquidity
The Company’s short-term loans outstanding at September 30, 2015 consist of:

·Global Holdings International, LLC - $9,675,000 which bears interest at 12% per annum. This note matured June 30, 2015 and became due on demand. Subsequently, the maturity date was extended to June 30, 2016. This loan is secured by the Company’s equipment.

·Jeff Thomas - $595,000 which bears interest at 10% per annum. Mr. Thomas is a former director of Creative Edge. This loan is unsecured and is due December 31, 2015.

·Joe Byrne - $89,459 which bears interest at 12% per annum and is unsecured. This note is due December 31, 2015. Mr. Byrne provides legal services to the Company.

·Joe Byrne - $117,396 which bears interest at 12% per annum and is unsecured. This note is due July 2, 2016. Mr. Byrne provides legal services to the Company.

·Bill Chaaban (President of the Company) - $113,348 which bears interest at 10% per annum and is unsecured. Mr. Chaaban is President of the Company. This note is due December 31, 2015.

·Bill Chaaban (President of the Company) - $600,872 which bears interest at 12% per annum. This note is due December 31, 2015 and is secured by the assets at 135 North Rear Road.

·Bill Chaaban (President of the Company) – several notes aggregating $114,457 which bears interest at 12% per annum. These notes are due December 31, 2015.

·Bill Chaaban (President of the Company) – $16,805 which bears interest at 10% per annum. This note is due December 31, 2015.

There is a long-term loan with a principal balance of $612,000 due to Mr. Chaaban. It bears interest at an annual rate of 12% and is repayable in installments through October 2017. If the Company defaults, Mr. Chaaban has the right to purchase the property at 135 North Rear Road for a price equal to the unpaid principal and interest of the loan.

CEN has no committed source of debt or equity financing. Our President is seeking additional financing from his business contacts, but no assurances can be given that such financing will be obtained or, if obtained, on what terms. Our independent registered auditors included an explanatory paragraph in their opinion on our financial statements as of and for the fiscal period ended December 31, 2014 that states that our lack of committed resources causes substantial doubt about our ability to continue as a going concern.