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Post# of 39546
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Jeep_Guy

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Jeep_Guy

Re: JRTHEMAN54 post# 26292

Friday, 07/29/2016 8:00:02 PM

Friday, July 29, 2016 8:00:02 PM

Post# of 39546
Yep.

On April 16, 2015, the Company entered into a convertible note with Union Capital for an aggregate principal amount of $71,500 with a $6,500 OID and $8,125 in deferred financing costs for broker fees.

The note earns an interest rate equal to 8% per annum and matures on April 16, 2016. The note is convertible at 60% of the lowest trading price of the Company’s common stock during the 20 trading days prior to the date of conversion.

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