Data443 Risk Mitigation Inc (ATDS)

[trader59]

No, that note was not included, the only notes included (along with the associated equity purchase agreement and security purchase agreement) were the newer ones entered into in February of last year.

There are 2 listed as outstanding as of the last quarterly, and only the 2nd of those was included in the restructuring:

https://backend.otcmarkets.com/otcapi/company/financial-report/204208/content

NOTE 5: CONVERTIBLE NOTES PAYABLE
The convertible notes payable consist of:
1) Non-interest bearing convertible note held by Blue Citi LLC (“Blue Citi”) for the original
principal of $125,000, payable on demand and convertible at the option of the holder into
common shares at the conversion price of $0.00005 per share. The outstanding principal
for the convertible note was $100,000 and $125,000 as of September 30, 2018 and
December 31, 2017. During the nine-month period ending September 30, 2018, Blue Citi
converted $25,000 of this convertible note into 500,000,000 shares of common stock. The
embedded conversion feature in this note created a BCF totaling approximately $3,088,000
as of September 30, 2018.
2) Convertible note held by Blue Citi for a total principal of $829,680 as of September 30,
2018. The note (i) accrues interest at the rate of 8% per annum; (ii) can be converted into
shares of the Company’s common stock at a 10% discount to the lowest trading price
during the ten consecutive trading days immediately preceding the date of conversion (40%
discount upon an event of default under the note), and (iii) is due and payable upon the 18-
month anniversary of its issuance. The embedded conversion feature in this note created a
BCF totaling approximately $174,000 as of September 30, 2018.
During September 2018, this convertible note was issued to Blue Citi in connection with a
restructuring (the “Convertible Note Restructuring”) of previously outstanding convertible
notes with Blue Citi. Immediately prior to the issuance of this note, various convertible
notes totaling $810,000, which had been issued between February and September 2018,
were outstanding with Blue Citi, along with associated accrued interest totaling $19,680.
Those notes (i) accrued interest at the rate of 8% per annum; (ii) could be converted into
shares of the Company’s common stock at a 25% discount to the lowest trading price
during the ten consecutive trading days immediately preceding the date of conversion (50%
discount upon an event of default under the note), and (iii) were due and payable upon the
12-month or 18-month anniversary of their issuance