On September 3, 2015, the Company entered into a P
Post# of 2290
Posted On: 05/10/2016 10:36:34 AM
On September 3, 2015, the Company entered into a Promissory Note with Yellowstone Capital. The
Company, pursuant to the Agreement, sold future receipts, accounts, written contracts and other obligations
to Yellowstone. The sale price is $50,000. The company will make a total of approximately 72 daily loan
payments of $1,014. Yellowstone purchased a total of $72,950 in receipts. Yellowstone has a security
interest in all accounts, chattel paper, equipment, general intangibles, instruments and inventory. Mrs.
Francine Lavoie, sole member of the Board of Directors and Company CEO, has also personally
guaranteed the Agreement. On December 2, 2015, the Company modified the existing note by
incorporating the estimated balance of $21,236 into a new Promissory Note with a sale price of $90,000.
The company will make a total of approximately 100 daily loan payments of $1,314. Yellowstone Capital
purchased a total of $131,310 in receipts.
On September 24, 2015, the Company entered into a Promissory Note with EBF Partners LLC. The
Company, pursuant to the Agreement, sold future receipts, accounts, written contracts and other obligations
to EBF Partners LLC. The sale price is $30,000. The company will make a total of approximately 60 daily
loan payments of $720. EBF Partners LLC purchased a total of $43,200 in receipts. EBF Partners LLC has
a security interest in all accounts, chattel paper, equipment, general intangibles, instruments and inventory.
Mrs. Francine Lavoie, sole member of the Board of Directors and Company CEO, has also personally
guaranteed the Agreement.
During October 2015, the Company issued $250,000 of Secured Debentures (“Debentures”) with interest at
7.5% per annum. The Debentures are due 24 months after closing. Each $1,000 Debenture provides for
338,133,000 warrants which are exercisable at a price of $.0075 per share for period of not to exceed 2
years.
The company has received $75,000 towards the $250,000 debenture. Once the entire $250,000 is received,
the Company will then issue up to 338,133,000 in warrants for this transaction.
On December 23, 2015, the Company entered into a Promissory Note with LCF Group. The Company,
pursuant to the Agreement, sold future receipts, accounts, written contracts and other obligations to LCF
Group. The sale price is $72,900. The company will make a total of approximately 70 daily loan payments
of $1,530. LCF Group purchased a total of $107,100 in receipts.
Company, pursuant to the Agreement, sold future receipts, accounts, written contracts and other obligations
to Yellowstone. The sale price is $50,000. The company will make a total of approximately 72 daily loan
payments of $1,014. Yellowstone purchased a total of $72,950 in receipts. Yellowstone has a security
interest in all accounts, chattel paper, equipment, general intangibles, instruments and inventory. Mrs.
Francine Lavoie, sole member of the Board of Directors and Company CEO, has also personally
guaranteed the Agreement. On December 2, 2015, the Company modified the existing note by
incorporating the estimated balance of $21,236 into a new Promissory Note with a sale price of $90,000.
The company will make a total of approximately 100 daily loan payments of $1,314. Yellowstone Capital
purchased a total of $131,310 in receipts.
On September 24, 2015, the Company entered into a Promissory Note with EBF Partners LLC. The
Company, pursuant to the Agreement, sold future receipts, accounts, written contracts and other obligations
to EBF Partners LLC. The sale price is $30,000. The company will make a total of approximately 60 daily
loan payments of $720. EBF Partners LLC purchased a total of $43,200 in receipts. EBF Partners LLC has
a security interest in all accounts, chattel paper, equipment, general intangibles, instruments and inventory.
Mrs. Francine Lavoie, sole member of the Board of Directors and Company CEO, has also personally
guaranteed the Agreement.
During October 2015, the Company issued $250,000 of Secured Debentures (“Debentures”) with interest at
7.5% per annum. The Debentures are due 24 months after closing. Each $1,000 Debenture provides for
338,133,000 warrants which are exercisable at a price of $.0075 per share for period of not to exceed 2
years.
The company has received $75,000 towards the $250,000 debenture. Once the entire $250,000 is received,
the Company will then issue up to 338,133,000 in warrants for this transaction.
On December 23, 2015, the Company entered into a Promissory Note with LCF Group. The Company,
pursuant to the Agreement, sold future receipts, accounts, written contracts and other obligations to LCF
Group. The sale price is $72,900. The company will make a total of approximately 70 daily loan payments
of $1,530. LCF Group purchased a total of $107,100 in receipts.
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