North American Cannabis Holdings Inc (USMJ)

[eleniak]

this is who's selling............

On January 24, 2011, Savanna East Africa, Inc. (the “Company”) entered into a debt settlement agreement (the “Debt Settlement Agreement”) with Green Life, Inc. (“Green Life”). Pursuant to the Debt Settlement Agreement, the Company agreed to issue, and Green Life agreed to accept, a convertible note in the principal amount of $122,500 (the “Convertible Note”), in full satisfaction of outstanding principal and interest in the amount of $122,500, under a promissory note, dated April 26, 2010, held by Green Life (the “Original Note”). The Convertible Note will be convertible into shares of the Company’s common stock at a conversion price equal to the lower of $0.01 or 50% of the closing bid price of the Company’s common stock on the trading day prior to the conversion date, and will otherwise have the same material terms as the Original Not