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Re: RIGATONI post# 378668

Friday, 01/26/2024 2:08:09 PM

Friday, January 26, 2024 2:08:09 PM

Post# of 380863
Kona Gold Beverages (KGKG) formerly known as Kona Gold Solutions Inc was the holder of the $1.5M note according to the last BLEG quarterly. Brandon White was the old president of BLEG and is now president of KGKG per OTC markets.

On March 6, 2019, Kona Gold Solutions, Inc. converted 146,803,365 shares of Branded Legacy, Inc. common stock, par value $.00001, into 2,746,723 shares of Branded Legacy Inc. Series D preferred stock. On November 27, 2019, Kona Gold Solutions, Inc entered into an agreement with Branded Legacy, Inc., whereas Eleve8 Brands, Inc. would receive all 2,746,723 shares of Branded Legacy, Inc. Series D preferred stock for a non-convertible promissory note to Kona Gold Solutions, Inc. for $1,500,000 with payment due November 27, 2029. As of December 31, 2019, and 2018, this investment is disclosed on the accompanying balance sheets.

It is the only note left in the Financials section in Long Term Liabilities also labeled KGB for $1.5M.

https://www.otcmarkets.com/otcapi/company/financial-report/387097/content

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