On December 31, 2008, accounts payable due to The Otto Law Group, PLLC were assigned to certain other parties, and the Company entered into convertible promissory notes in aggregate principal amount of $160,000, convertible into shares of the Company’s common stock at the lesser of a conversion price of $0.0001 per share or the over the counter bulletin board price of the Company’s common stock on the date of conversion, bearing interest at 10% per annum from the interest accrual date of the notes, which were dated from January 7, 2010 to February 17, 2010. The effective date of the notes was December 31, 2008 and the notes were convertible as of that date.
On December 31, 2008, accounts payable due to The Otto Law Group, PLLC were assigned to certain other parties, and the Company entered into convertible promissory notes in aggregate principal amount of $324,000, convertible
David Otto's company doing very well. Who would have agreed to this--the executives and main shareholders---Otto and Shelver?
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