Halitron Inc (HAON)

[garychico1963]

A promissory note was issued in the amount of three million ($3,000,000) dollars in January, 2018 (the “January Note”) by Bernard Findley, the former CEO and a Director of the Company, in favor of Halitron Inc. (“Halitron”), a company controlled by him. The Company believes the January Note is null and void. Halitron disputes the Company’s position. Bernard Findley has made additional claims against the Company, all of which the Company denies. The Company believes that it shall be successful in a the determination that: (A) the January Note is null and void and of no force and effect and (B) all other claims by made by Bernard Findley or Halitron against the Company are invalid. There can be no assurance that the Company shall be successful.