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Posted On: 05/21/2018 7:35:30 AM
Post# of 82676
Note 12 – Subsequent Events
In April 2018, the Company issued an unsecured convertible promissory note for $135,000, bearing interest at 10% per annum, and maturing in April 2019. The note is convertible at a 42% discount to the price of the Company’s common stock, as defined.
In April 2018, our subsidiary BlockSafe executed two promissory notes for an aggregate of $40,000 with two unrelated parties, bearing interest at 8% per annum, and maturing in April 2019. Contemporaneously with the promissory notes, BlockSafe entered into an obligation to pay the same parties a fixed amount equal to the face amount of the promissory notes in tokens, as defined.
In April 2018, the Company issued an unsecured convertible promissory note for $135,000, bearing interest at 10% per annum, and maturing in April 2019. The note is convertible at a 42% discount to the price of the Company’s common stock, as defined.
In April 2018, our subsidiary BlockSafe executed two promissory notes for an aggregate of $40,000 with two unrelated parties, bearing interest at 8% per annum, and maturing in April 2019. Contemporaneously with the promissory notes, BlockSafe entered into an obligation to pay the same parties a fixed amount equal to the face amount of the promissory notes in tokens, as defined.
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