The original was 115,000 the parties settled for the 25k and the 5k payments (45k)
On February 22, 2018, Textmunication Holdings, Inc. (“Company”) and GS Capital Partners, LLC (“Holder”) reached a Note Settlement Agreement in respect to a $115,000 convertible note issued by the Company to the Holder on May 15, 2017 (the “Note”). The parties have agreed to let the Company retire the note by making 5 payments over a five-month period.
The first payment of $25,000 is due March 15, 2018 followed by four payments of $5,000 each starting May 1, 2018 through August 1, 2018. The Note will be retired in full after all payments are satisfactorily made.
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