- Convertible note held by
Auctus Fund, LLC (“Auctus”), with an outstanding principal balance of$1,000,000 as ofJanuary 29, 2020 .Mr. Remillard has agreed to purchase this note fromAuctus on or beforeJuly 1, 2020 .Auctus has agreed to not exercise any conversion rights under the note untilJuly 1, 2020 , so long asMr. Remillard remains current on a negotiated payment schedule.
- Convertible note held by
Smea2z, LLC (“Smea2z”) for a total principal amount of$608,850 as ofJanuary 29, 2020 .Mr. Remillard has acquired this note and has up to and untilJuly 1, 2020 to remit the full purchase price to Smea2z. Smea2z has agreed to not exercise any conversion rights under the note untilJuly 1, 2020 , so long asMr. Remillard remains current on a negotiated payment schedule.
- Convertible note held by
Blue Citi LLC (“Blue Citi”), which was originally issued toAFT Funding Group, LLC (Blue Citi LLC acquired the Note in 2019), for a total principal amount of$444,150 as ofJanuary 29, 2020 .Mr. Remillard has acquired this note and has up to and untilJuly 1, 2020 to remit the full purchase price to Blue Citi. Blue Citi has agreed to not exercise any conversion rights under the note untilJuly 1, 2020 , so long asMr. Remillard remains current on a negotiated payment schedule.
- Convertible note held by Blue Citi , for a total principal amount of
$1,700,000 as ofJanuary 29, 2020 . The maturity date of the note has been extended toMarch 31, 2021 , affording the company more time to pay down the note. Interest on the note has stopped accruing interest as ofJanuary 1, 2020 . Blue Citi has agreed to not exercise any conversion rights under the on$270,000 of principal untilJuly 1, 2020 .
“As we wrap our in house 2020 Strategic Business planning kick off in
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