![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, June 22, 2012 11:00:56 AM
http://www.otcmarkets.com/financialReportViewer?symbol=ACYD&id=81684
A loan of $25,000 was originated with the Company on March 30, 2011, and has an interest rate of 12% per
annum. The balance of this note, including zero accrued unpaid interest, as of March 31, 2012 is $21,450. The
holder of the note may elect to convert to common stock, and to date has converted $6,565 worth of debt in
exchange for 5,050,000 shares.
A Rockbands, LLC loan of $300,000 was assumed by the Company as a result of the merger of the Company with
Rockbands, LLC on May 29, 2008. This loan originated on March 28, 2008, and has an interest rate of 18% per
annum. On June 10, 2010 an Assignment Agreement was entered into to change the note holder in exchange for
1,000,000 (1 million) shares of common stock and a reduction of the loan by $30,000. The holder of the note may
elect to convert the remaining note balance to common stock, and to date has converted $382,358 worth of debt
in exchange for 39,738,418 shares. The remaining balance of this note, including $412 of accrued unpaid interest,
as of March 31, 2012 is $93,463.
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