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Alias Born 10/21/2011

Re: None

Tuesday, 11/20/2018 3:27:11 AM

Tuesday, November 20, 2018 3:27:11 AM

Post# of 47909
Paid off!!!
From the Q:
Subsequent to September 30, 2018, the Company successfully restructured all outstanding debt with an existing lending partner (“Agreement’). The Agreement satisfies approximately $1,456,000 of convertible notes payable and accrued interest for $1,200,000 of cash over three equal installments of $400,000. As part of the Agreement, the lending partner also agreed to an immediate lock up on all of its convertible notes and no further conversions. As of the filing date of this quarterly report, the first installment of $400,000 has been paid in accordance with the terms of the Agreement.

 

Subsequent to September 30, 2018, the Company made the third Additional Payment in the amount of $475,000 to Chase in accordance with the full and final settlement as more fully described in Note 7.

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