better read more filings It was canceled Read latest filing A. The Corporation issues to the Note Holder a convertible note (“Convertible Note”) in the amount of Five Million ($5,000,000) Dollars; and to bear simple interest at five percent (5%) per annum. Principal and all accrued interest will be due and payable on demand, but not earlier than six (6) months from the date of this Convertible Note. In the event the Corporation defaults on any payment of principal or interest, then any Note Holder may, at his option, without notice, proceed to enforce the collection thereof.