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Monday, 11/19/2018 3:41:05 PM

Monday, November 19, 2018 3:41:05 PM

Post# of 9744
Interesting:
NOTE 12 – SUBSEQUENT EVENTS
On October 8, 2018 the Company issued two unsecured convertible notes payable for $100,000 for cash and $200,000 for advertising services. Interest rates are 8% per annum for the cash note and 0% per annum for the advertising services note and with a due date of April 8, 2019. The Holders shall have the right, in their sole and absolute discretion, at any time after the maturity date to convert all or any part of the outstanding amount due under the Notes into fully paid and nonassessable shares of Common Stock. The conversion prices for two convertible notes is the lower of 80% multiplied by the lowest trading prices of the common stock during the 5 trading day period on ending on the latest complete Trading Day prior to the conversion or $0.0065. The conversion price on one note is 90% multiplied by the lowest trading prices of the common stock during the 5 trading day period on ending on the latest complete Trading Day prior to the conversion The Company may prepay the any amounts outstanding to the holders on or before the maturity date of the convertible note by making a cash payment of 125% of the prepayment. The Company may prepay the any amounts outstanding to the holders after the maturity date of the convertible note by making a cash payment of 140% of the prepayment.

Subsequent to September 30, 2018, Robert Doherty, Robert Switzer, Derek Duhame and Daniel Kryger converted deferred salary accrued interest in the amount of $187,500 was converted into 50,000,000 shares of the Company’s common stock.

Subsequent to September 30, 2018, convertible debt in the amount of $172,947 plus accrued interest totaling $3,118 and $750 in fees were converted into 81,742,316 shares of the Company’s common stock.

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