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13. DERIVATIVE LIABILITES

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fromtheuk   Tuesday, 07/17/18 08:46:32 AM
Re: None
Post # of 43791 
13. DERIVATIVE LIABILITES

As of May 31, 2018, the Company revalued the fair value of all of the Company’s derivative liabilities associated with the conversion features on the convertible notes payable and determined that it had total derivative liabilities of $13,910,995.

The Company estimated the fair value of the derivative liabilities using the Monte-Carlo model using the following key assumptions during the three months ended May 31, 2018:


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