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Re: General Grievous post# 55824

Friday, 08/17/2018 3:37:03 PM

Friday, August 17, 2018 3:37:03 PM

Post# of 111075
I hate math but I took a moment to read it on the computer instead of my phone nevermind...look like convertible notes will be ongoing for a while longer..it is only the subsequent note that matures august 22nd that will be prepaid

NOTE 7 – SUBSEQUENT EVENTS

In accordance with ASC 855, management reviewed all material events through August 14, 2018, for these financial statements and there are no material subsequent events to report, except as follows:

Conversion Notice

In August of 2018 we issued 34,737,400 shares of common stock for the conversion of $40,269 in convertible notes.

On August 7, 2018 we converted three back-end notes dated January 18, 2018 into 5,280,000 restricted shares in consideration of $114,000 in proceeds.

On August 8, 2018 we amended a convertible promissory note dated March 13, 2018. In consideration of a pre-payment of $106,342, the note obligation was fulfilled and the holder consented to the release of all reserved shares.

On August 8, 2018, the Company entered into a promissory note agreement with a third party for an aggregate principal amount of $107,000, for which $106,500 in proceeds were received. Under the terms of the agreement, the convertible note incurs interest at 8% per annum and has a maturity date of August 22, 2018.

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