Tuesday, November 17, 2020 11:23:43 AM
(a) Stockholders equity (deficit) In November 2020, the Company amended its Articles of Incorporation with the
following three actions: 1 - changed the par value of the common stock from $0.001 to $0.0001; 2 - increased the Series
A preferred stock authorised to 134,109,750 shares from 34,109,750; and 3 - established and authorized 30,000,000 shares
Series C preferred stock.
The rights and privileges of Series A and Series B remain unchanged. The rights and privileges of Series C are:
Series C carry 1 vote for each share of as converted common stock; is convertible into common stock aggregating 30%,
post conversion, of the total issued and outstanding common shares at conversion date
In November 2020, the Company issued 100,000,000 shares of Series A preferred stock in exchange for services valued
at $0.0001 per share or $10,000 in total.
In November 2020, the Company issued 30,000,000 shares of Series C preferred stock in exchange for services valued at
$0.0001 per share or $3,000 in total. These shares vest 50% at November 30, 2020 and the remaining 50% at May 31, 2021.
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