Replies to post #4325 on Resonate Blends Inc (KOAN)

[mulaa]

You mean this Asher note?


Item 1.02. Termination of a Material Definitive Agreement.

On September 23, 2015, Textmunication Holdings Inc. (the “Company”) completed the requirements of a note repayment agreement (the “Agreement”) that retired in full a $64,000 convertible promissory note (the “Note”) issued on February 27, 2015. The Note bore interest at a rate of 8% per annum and was convertible into shares of the Company’s common stock at a price that was a 55% discount to a defined market price. The Note required a 50% premium to its face value to retire with a cash payment. Under the terms of the Agreement, the Company paid the Note holder an aggregate amount of $91,144.60 by remitting cash payments of $76,144.60 and issuing 1,685,393 shares of its common stock, valued at $15,000.

The Note holder is paid in full and can no longer convert the Note into shares of the Company’s common stock.