Hiru Corporation (HIRU)

[hardlesson]

On or about Jan 11, 2024, and Jan 24, 2024, other reorganizational events occurred. In conjunction with a loan default of HIRU relating to the water packing business division the financier exercised their default remedies and sold part of the note in
collection in an off the market private transaction to two separate nonrelated entities.

01/11/2024 New Issuance 260,000,000 Common Red Rock Fund Corp.
01/24/2024 New Issuance 250,000,000 Common GB II., Inc.

Notwithstanding the creditor has legal possession of the water equipment, the water equipment remains in HIRU possession, and the relationship is civil and non-adversary. The Company has agreed with the financier that once the equipment is sold (which value is far greater than the loan amount) any surplus from the sale will be returned to the Company.

https://www.otcmarkets.com/otcapi/company/financial-report/398157/content