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cubsrule1723

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cubsrule1723

Re: ~ TRT ~ post# 1013

Wednesday, 01/20/2016 12:54:26 PM

Wednesday, January 20, 2016 12:54:26 PM

Post# of 14822
From the filing. Aug 9th, 2016 is when the note matures..

Convertible note agreements (3) dated August 10, 2015, totaling $4,000,000. Maturing on August 9, 2016 bearing interest at 6% per annum. Principal and accrued interest is convertible at $.247 per share. The beneficial conversion feature was recorded as a discount to the debt and is being amortized over the term of the notes using an effective interest rate of approximately 9%. (See note 7)
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