Artfest International, Inc (fka ARTS)

[99leadballoons]

On September 20, 2010, the Company borrowed $10,000 and issued a convertible promissory note payable six 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 determined and pursuant to the average trading volume of the Company’s shares at the time of conversion.

On September 24, 2010, a holder of our promissory note converted $10,000 of the principal due on this note into 443,333,333 shares of Common Stock.

Heck of a deal. give 10000 and 4 days later get $44,333 in stock.

"Ditto Family Trust" stamped all over this one.