(a) SIAF issues 5,196,333 shares of its common stock and transfer 400,000 shares of TRW to the note holder Are these part of the top-up shares that has to be returned when the debt to Loan 1 has been paid off? As a result, the amount outstanding under Note 1 was reclassified as other payables – straight note payable of $29,367,999 What is the current balance that is needs to be paid?