Conservative Broadcast Media and Journalism Inc (CBMJ)

[rrojarom]

During October 2017, the Company authorized and issued an Allonge to a $5,000 Convertible Note dated March 19, 2015 and an Allonge to a $5,000 Convertible Note dated April 22, 2015 whereby the price at which amounts due under each of the foregoing notes could be converted into shares of the Company’s common stock was reduced to an exercise price of $.004 per share. Thereafter, the entity converted $12,834 of principal and accrued interest due under the subject $5,000 Convertible Notes dated March 19, 2015 and April 22, 2015 into 3,208,561 restricted shares of the Company’s common stock at $.004 per share. All of the subject shares were issued in October, 2017.

During January 2018, an individual converted $32,027 including accrued interest due under a convertible promissory note dated July 16, 2014 into 8,006,850 unregistered shares of the Company’s common stock at $.004 per share to partially satisfy the obligation. The principle balance of $3,500 remains unpaid under the terms of the convertible promissory note. All of the subject shares were issued in January 2018.