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8K Bridge Loan to Financing

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Lil BD   Tuesday, 03/08/16 11:09:45 AM
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8K Bridge Loan to Financing

On March 3, 2016, Sibling Group Holdings, Inc. (the "Company") and Hong Tu (the "Lender") entered into a Bridge Loan Agreement in the principal amount of $100,000 (the "Note"). A copy of the Note is attached hereto as Exhibit 10.1. The Company shall use the proceeds of the Bridge Loan as operating capital to conduct its business. Funding becomes available effective immediately and the Note shall be due and payable in full, on or before June 30, 2016 or no later than 30 days after the Company receives anticipated financing of at least US $1.0 million.

8K dated March 7, 2016

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