YSTR convertible note to President @0.133 conversion price
NOTE 10 – SUBSEQUENT EVENTS
On January 1, 2017 the Company issued an uncollateralized convertible note payable to its president in return for $24,000 accrued consulting fees and $17,385 which he had advanced to the Company during the three month period ended December 31, 2016. The note has a maturity date of January 1, 2019, and bears interest at the rate of 5% per annum. Principal and interest may, at the holder's option, be converted anytime, as long as the note remains unpaid, into the Company's common stock at the rate of $0.1333 per share.
