FutureLand Corp (FUTL)

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Reporting Person St. George Investments LLC (“St. George”) has rights to convert a Promissory Note into shares of the Issuer’s common stock which, except for a contractual 9.99% cap on the amount of outstanding shares that St. George may own, would exceed the cap. Thus, the number of shares of the Issuer’s common stock beneficially owned by St. George as of the date of this filing was 45,339,589 shares, which is 9.99% of the Issuer's 453,849,744 shares that were outstanding as of April 14, 2017 (as reported in the Issuer’s Form 10-K, filed April 14, 2017).

https://www.sec.gov/Archives/edgar/data/1424549/000114036117016575/doc1.htm