Monday, March 21, 2016 8:54:07 PM
"The Company, under its former name of Cetek Technologies, Inc., entered into an Independent Contractor Agreement dated March 4, 2013 (“Contractor Agreement”)
with David Maidenbaum (“Maidenbaum”)
.
Under the Contractor Agreement, the Company was obligated to pay Maidenbaum a $50,000 fee. The Company failed to pay the fee when due. On September 2, 2014, the Company issued its Promissory Note to Maidenbaum for $50,500 representing the unpaid fee plus
$500 of interest (“Note”).
The Note was amended on September 3, 2014 to grant Maidenbaum certain conversion rights under the Note.
Effective January 28, 2015, Maidenbaum assigned the then outstanding balance owing under the Note to the David R. Foley pursuant to a Purchase and Full Assignment of a Promissory Note (“Assignment”).
.
On June 15, 2015, David Foley assigned his interest in the Note to Galaxy Entertainment Group, Inc. (“Galaxy”) pursuant to a Purchase and Full Assignment of Note.
On December 15, 2015, Galaxy delivered a Conversion Notice to the Company for the issuance of 18,000,000 shares pursuant the conversion rights under the Note.
Effective January 22, 2016, River North Equity, LLC acquired 18,000,000 shares from Galaxy under the terms of a Stock Purchase Agreement."
http://www.otcmarkets.com/financialReportViewer?symbol=NTGL&id=150251
LOL! Of course GALAXY ENTERTAINMENT GROUP, INC. is another FoleyFront company that mimics the name of other companies.
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