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Friday, December 29, 2017 9:09:47 PM
“On December 28, 2017, we entered into the First Amendment (the “ Note Amendment ”) to the Convertible Promissory Note (the “ Note ”) with Crown Bridge. The Note Amendment changes the Variable Conversion Price in the Note for future funding to 70% of the Market Price, reducing the discount upon conversion of the Note to 30% of the Market Price. Crown Bridge also committed to fund an additional tranche under the Note in the amount of $33,333, with a face value of $40,000, no later than January 10, 2018.”
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