Three notes worth $352,250
On July 17, 2017, we issued a convertible promissory note in the principal amount of $135,000. The terms are payable at the date of maturity, July 17 2018, together with interest of 10% per annum. Interest will be accrued and payable at the time of promissory note repayment. The Holder shall have the right to convert all or any part of the outstanding and unpaid principal amount into fully paid and non-assessable shares of Common Stock at a conversion price equal to the lessor of (i) six cents ($0.06) or (ii) 55% of (representing a 45% discount) to the lowest Trading during the previous twenty (20) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date.
On August 16, 2017, we issued a convertible promissory note in the principal amount of $110,250. The terms are payable at the date of maturity, August 16 2018, together with interest of 8% per annum. Interest will be accrued and payable at the time of promissory note repayment. The Holder shall have the right to convert all or any part of the outstanding and unpaid principal amount into fully paid and non-assessable shares of Common Stock at a conversion price equal to (i) 58% of the the lowest Trading during the previous ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date.
On October 30, 2017, we issued a convertible promissory note in the principal amount of $107,000. The terms are payable at the date of maturity, April 30, 2018, together with interest of 10% per annum. Interest will be accrued and payable at the time of promissory note repayment. The Holder shall have the right to convert all or any part of the outstanding and unpaid principal amount into fully paid and non-assessable shares of Common Stock at a conversion price equal to the lessor of (i) $0.004 or (ii) lowest Trading Price during the previous twenty five (25) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date.[/quote]
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