"- Came to terms with Blue Citi on a restructuring of existing convertible notes to consolidate the notes into one agreement that includes more favorable terms, including the extension of the maturity date until March 2020, and the reduction on the discount on conversion from 25% to 10%, a very favorable reduction of ~36%
- Terminated equity purchase agreement, resulting in the cancellation of $100,000 of common shares which were to be issued to Blue Citi, and reduced derivative liabilities by over $1,500,000 due to the related termination of the embedded beneficial conversion feature"
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