PAO Group Inc (PAOG)

[crudeoil24]

AS now 1 billion shares. > "As of MARCH 31, 2017 the Company had long-term debt of $760,200 for notes payable to private lenders as well as
previous consulting services rendered. These Notes have been classified as current since they are due at this time. The
Company currently has $66,700 in six one year Convertible Promissory Notes to the Nuemark Group LLC. The Notes carry
an interest rate of 8% and are convertible at the rate of $.00005 per share. The Company has $93,500 outstanding in three
six month Promissory Notes with Brian Kistler. The notes carry interest at 15% and are currently due. Additionally the
Company has consulting agreements with Mr. Kistler and his company, New Opportunity Business Solutions, Inc. for
$600,000 dating from April 27, 2008. These agreements have been converted to Promissory Notes and bear interest at the
rate of 15% per year. In July of this year the Company reclassified the liabilities to properly reflect the proper nature of the
debt. Interest for the three months ended March 31, 2017 was $106,390. As of March 31, 2017 the company had long-term
debt of $1,467,953 for notes payable and for past consulting services rendered. The Company entered into a financing
agreement with CDN Associates LLC wherein $190,000.00 was provided under a one year Convertible Promissory Note
carrying 16% interest annually.
NOTE 5–