You apparently didn't read this part....
Blue Citi has restructured all of the convertible debt issued to it by the Company in 2018 ($829,680), (i) reducing the conversion discount from 25% down to 10%; (ii) extending the maturity date of all amounts to March 30, 2020; and, (iii) waiving all known and unknown breaches under the prior notes.
Breaches- Default.
Part 3 states there will be no default.