Notes in Default
On July 8, 2018, the $170,000 convertible promissory note issued on December 8, 2017 went into default and is
accruing interest at a rate of 22%. The note is now convertible at a price which is the lower of $0.90 per share and the
market price on any applicable date of conversion. Certain other reset provisions and potential true up policies are in
effect which may materially increase the number of Common shares to be delivered upon conversion.
On February 13, 2019, the $945,000 convertible promissory note issued on February 13, 2018 went into default and
is accruing interest at a rate of 22%.
On July 20, 2019, the $110,000 convertible promissory note issued on July 20, 2018 went into default and is accruing
interest at a rate of 22%.
On August 24, 2019, the $220,000 convertible promissory note issued on August 24, 2018 went into default and is
accruing interest at a rate of 22%.
On October 31, 2019, the $126,500 convertible promissory note issued on October 31, 2018 went into default and is
accruing interest at a rate of 22%.
On January 28, 2020, the $82,500 convertible promissory note issued on January 28, 2019 went into default and is
accruing interest at a rate of 22%.
On February 12, 2020, the $41,250 convertible promissory note issued on February 12, 2019 went into default and is
accruing interest at a rate of 22%.
On February 25, 2020, the $41,250 convertible promissory note issued on February 25, 2019 went into default and is
accruing interest at a rate of 22%.
On March 18, 2020, the $192,500 convertible promissory note issued on March 18, 2019 went into default and is
accruing interest at a rate of 22%.
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On April 19, 2020, the $137,500 convertible promissory note issued on April 19, 2019 went into default and is accruing
interest at a rate of 22%.
On May 23, 2020, the $88,000 convertible promissory note issued on May 23, 2019 went into default and is accruing
interest at a rate of 22%.
On July 31, 2020, the $22,000 convertible promissory note issued on July 31, 2019 went into default and is accruing
interest at a rate of 22%.
On August 2, 2020, the $76,340 convertible promissory note issued on August 2, 2019 went into default and is
accruing interest at a rate of 22%.
