Yes and that convertible note is owed to Gilbert Steedley, one of TXHE former CEO'S. And the terms> The note was amended to extend the maturity date to August 31, 2017. The note is convertible at a price equal to 50% of the lowest closing bid price for twenty days prior to conversion. The note carries no interest rate, is unsecured and remains outstanding. Very friendly!
Effective August 31, 2016 the Company successfully renegotiated all of its outstanding convertible promissory notes to extend the due date for one year, with all expiring August 31, 2017. In some cases, the Company was also granted a waiver of all interest accrued to date and future interest accrual.
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