Xtreme One Entertainment Inc (XONI)

[Dr Gator]

Off of 1st Qrt Filings, YEARS of converting Notes into Shares
https://www.otcmarkets.com/otcapi/company/financial-report/332264/content

NOTE E – RELATED PARTY TRANSACTIONS
During the calendar year 2012, the Company issued 33,333,300 shares of common restricted stock at $0.015,
per share, to an officer and director of the Company in exchange for a partial reduction of a note payable, in
the amount of $49,999.
During the calendar year 2012, the Company issued 1,090,910 shares of common restricted stock at $0.037,
per share, to an officer and director of the Company in exchange for a partial reduction of a note payable in
the amount of $40,367.
During the calendar year 2012, the Company issued 508,075 shares of common restricted stock at $0.02, per
share, to an officer and director of the Company in exchange for a partial reduction of a note payable, in the
amount of $10,162.
During the calendar years 2009 and 2008, the Company issued its parent 60,000,000 shares of common
restricted stock and 42,000,000 of Series A Preferred for services rendered and financial guarantees.
During the calendar year 2009, the Company issued 50,000,000 shares of common restricted stock to the
officers of the Company for services rendered and financial guarantees.
During the calendar year 2009, the Company issued its parent 10,000,000 shares of Series D Preferred in
exchange for the partial reduction of debt in the amount of $179,046 owed to its parent.
During the calendar year 2008, the Company issued 8,000,000 shares of restricted common stock to an
officer of the Company for the conversion of debt in the amount of $80,000 that was owed to the officer of
the Company.
On June 28, 2006, the Company purchased 100% of Green Endeavors LTD., formerly Net2Auction, Inc.’s
subsidiary, BizAuctions, Corp. for the issuance of Fifty (50,000,000) million shares of its common restricted
stock. The total value of the transaction was $154,400.
CannaGrow Holdings, Inc.
(formerly BizAuctions, Inc.)
(Unaudited)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
13
NOTE F – NOTES PAYABLE-RELATED PARTY
As of March 31, 2022, the Company had notes payable to an officer of the Company in the amount of
$411,234. The note is payable on demand and is non-interest bearing and is convertible into common stock,
at the option of the note holder.
As of March 31, 2022, the Company had notes payable to Brent Crouch, a former officer, in the amount of
$411,234. The note is payable on demand and interest of 9% and is convertible into common stock, at the
option of the note holder.