Therapeutic Solutions International Inc (TSOI)

[BigBadWolf]

Just the CEO’s sign off on FACT played wrong 1st 1/2 of 2021 yet have nailed it since Howling

Note 8 – Convertible Notes Payable

At various times during the six months ended June 30, 2021, the Company entered into convertible promissory notes with principal amounts totaling $267,250 with a third party for which the proceeds were used for operations. The Company received net proceeds of $252,500, and a $14,750 original issuance discount was recorded. The convertible promissory notes incur interest at 12% per annum and mature on dates ranging from January 25, 2022 to June 14, 2022. The convertible promissory notes are convertible to shares of the Company’s common stock 180 days after issuance. The conversion price per share is equal to 61% of the average of the three (3) lowest trading prices of the Company’s common stock during the fifteen (15) trading days immediately preceding the applicable conversion date. The trading price is defined within the agreement as the closing bid price on the applicable trading market. The Company has the option to prepay the convertible notes in the first 180 days from closing subject to prepayment penalties ranging from 120% to 145% of principal balance plus interest, depending upon the date of prepayment.The convertible promissory notes include various default provisions for which the default interest rate increases to 22% per annum with the outstanding principal and accrued interest increasing by 150%. The Company was required to reserve at June 30, 2021 a total of 286,251,995 common shares in connection with these promissory notes.

https://www.sec.gov/comments/s7-24-20/s72420-228879.htm

https://www.otcmarkets.com/filing/html?id=15161255&guid=zAfwkeaCFHvNB3h

Dated: August 13, 2021

By: /s/ Timothy G. Dixon
Timothy G. Dixon
Chief Executive Officer, President and Chief Financial Officer
(Principal Executive Officer and Principal Financial Officer)


No interpretation needed just the CEO’s signature attesting to

Frankly speaking