CBA Florida Inc. (fka CBAI)

[Myth]

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Debt Repayment

On April 15, 2015, the Company made a payment to Tonaquint in the amount of $750,000, principally with the funds from the Red Oak Agreement. This pre-payment in accordance with the settlement documents between the Company and Tonaquint, applies to payments due on August 17, 2015 through February 17, 2016 (7 months); and a partial payment of $50,000 to the $100,000 balance due on March 17, 2016. Thereafter, the Company made additional pre-payments applied to payments due through June 17, 2016, as well as to a partial payment of $25,000 to the $100,000 balance due on July 17, 2016.