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Re: surfkast post# 10266

Monday, 07/24/2017 10:10:46 AM

Monday, July 24, 2017 10:10:46 AM

Post# of 13241
During the three months ended May 31, 2017, the Company issued a total of $390,000 note with the following terms:

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Terms ranging from 9 months to 2 years.

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Annual interest rates of 10 - 12%.

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Convertible at the option of the holders at issuance.

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Conversion prices are typically based on the discounted (40% to 60% discount) lowest trading prices of the Company’s shares during various periods prior to conversion.