Cannabis Global Inc (CBGL)

[flemsnopes]

From 2/4/14 8K

Item 1.01 Entry into a Material Definitive Agreement.
On January 9, 2014, MicroChannel Technologies Corporation (the “Company”) entered into a promissory note in the principal amount of $70,000 (the “Promissory Note”) with Mr. Jatinder S. Bhogal, a stockholder of the Company owning in excess of 10% of the Company’s issued and outstanding common stock. The Promissory Note accrues interest at an annual rate of 7%, is due on January 9, 2016 and may be prepaid by the Company without penalty.

The foregoing description of the Promissory Note is qualified in its entirety by reference to the Promissory Note, a copy of which is attached as Exhibit 10.1 hereto.

http://www.sec.gov/Archives/edgar/data/1413488/000114420414005816/v367238_8k.htm