Hong Yuan Holding Group (HGYN)

[eZ3]

Don't know if the filings since changed this but this is why I sold back in Oct. Hope this helps.

From the 8-K of Oct 15th:

2. Closing .

Upon the terms and subject to the satisfaction or waiver of the conditions set forth herein, the Company agrees to sell and Lender agrees to purchase the Notes in eight (8) Tranches, each Tranche consisting of a $100,000 Note for an aggregate principal amount equal to the Purchase Price. The date on which the closing of each Tranche for such purchase and sale occurs (the “ Closing ”) is hereinafter referred to as the “ Closing Date ”. The first closing shall take place simultaneously with the execution of this Agreement or such later date as the parties shall agree. Subsequent closings on additional tranches shall occur at the sole discretion of the Lender and subject to the satisfaction of the terms and conditions of this Agreement set forth herein as follows:


(i) $100,000 on or about October 15, 2012;


(ii) $100,000 on or about October 30, 2012;


(iii) $100,000 on or about November 30, 2012;


(iv) $100,000 on or about December 14, 2012;


(v) $100,000 on or about December 28, 2012;


(vi) $100,000 on or about January 15, 2013;


(vii) $100,000 on or about January 30, 2013;


(viii) $100,000 on or about February 15, 2013;



2