Artfest International, Inc (fka ARTS)

[CaptainJim]

And MORE DILUTION Will come, Look at the STOCK PRICE for Payment. Thats why they sell the day they get the stock

CONVERTIBLE SECURITIES


We issued the convertible promissory notes listed below during the 1 st Quarter of 2010 without registering the securities under the Securities Act of 1933.


On March 4, 2010, the Company borrowed $50,000 and issued a convertible promissory note payable twelve months from the date of issue and bearing an interest rate of 10% per annum. On or before the maturity date, upon written notice to the Company, the Lender may elect to convert the principal amount of this Note into Common shares at a conversion price of $0.001 per share.


On March 18, 2010, the Company borrowed $25,000 and issued a convertible promissory note payable twelve months from the date of issue and bearing an interest rate of 10% per annum. On or before the maturity date, upon written notice to the Company, the Lender may elect to convert the principal amount of this Note into Common shares at a conversion price of $0.001 per share.