Green Globe International Inc (GGII)

[1234zxcv]

GGII/ DEBT FREE GEM of history in CBD/HEMP sector....

From filings....

In connection with the Company’s acquisition of eighty eight percent (88%) interest in Green Globe,
Ltd., a United Kingdom company, during the quarter ended March 31, 2008, the Company recorded
$1,975,474 in loans payable, which represents the purchase price of the asset. The loans are owed to the
original founders of Green Globe, Ltd., who collectively own the remaining 12% of that company. The
loans bear no interest, have no due date, and are non-callable; therefore, they have been recorded as
Long-Term Notes Payable. On September 30, 2018, the Company sold Green Globe, Ltd. to the former
Chief Executive Officer of the Company in exchange for the return of 100 shares of Series A Preferred
stock and the assumption of all associated debt. However, the notes of $1,975,474 remain the obligation
of Green Globe International, Inc. Management is in discussion with the note holders to settle the
obligations.