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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
NOTE 6 - SUBSEQUENT EVENTS

Subsequent to June 30, 2017, the Company issued total common shares of 437,064 which are broken down as follows:

 

  · 82,000 shares were issued for cash proceeds of $41,000 and
     
  · 26,308 shares were issued for the settlement of a promissory note and interest of $13,154 and
     
  · 28,756 shares were issued for service
     
  · 300,000 shares issued for services to the chairman of the board

  

Promissory notes the Company entered subsequent to 06/30/17

 

During 2017, the following promissory notes were entered into subsequent to 06/30/2017: all notes have the following terms: 12% annual interest, due within one year and are convertible upon request from the holder.

 

1.) One notes with Arnulfo Saucedo-Bardan for $1,240; 2.) Four notes from Mike Zaman for $350, 500, 460, and $1,000; 3.) Three notes from Chris Knudsen for $631, 200, and 200; 4.) one note from Kevin Wiltz for $1,500; 5.) One note from Richard W. LeAndro for $3,000; 6.) Four notes from Montse Zaman for $50, 710, 40, and 1,500;

 

During 2018, the following promissory notes were entered into subsequent to 03/31/2017: all notes have the following terms: 12% annual interest, due within one year and are convertible upon request from the holder.

 

1.) One note from Richard W. LeAndro for $3,000; 2.) Seven notes from Montse Zaman for $20, 400, 25, 40, 1300, 700, and 760; 3.) One note from Mike Zaman for $450.

  

On November 20, 2017 and December 19, 2017 the following two leases occurred respectively:

 

The company leased equipment and devices from Dell in reference to servers to manage programs and network resources. Terms:

11/20/17 • Dell Financial Services • Equipment lease - Dell server products • Monthly rent payment: $1,186.02 • Lease term: 60 months • End of lease purchase option of $1.

 

12/19/17 • Lessor - Dell Financial Services • Equipment lease - Dell server products • Equipment total: $1504.9 • Monthly rent payment: $53.99 • Lease term: 36 months • End of lease purchase option of $1.

   

On February 20, 2018

 

The company sold its “Doing Business As” company known as (iB2BGlobal.com) to American Video Teleconferencing, Corp. (AVOT), which included maintenance and maintaining the “iB2BGlobal.com” online site within the Crown Equity Holdings server in exchange for 40,000,000 restricted shares of “AVOT” stock.

 

On June 26, 2018 the following director changes occurred:

 

Appointed Steve Cantor as a Director and Chairman of Board. Mike Zaman resigned as Chairman of Board.

 

On July 2, 2018, the Company received $50,000 on an advertising and marketing contract with a company related to our new Chairman. The contract is for nine months of advertising, reviewing, publishing and disseminating press releases.

 

In August, 2018 the following occurred:

 

August 21, 2018, OCHC LLC, a Company with common minor shareholder paid $632 of expenses on behalf of the Company, as well as on August 27, 2018 depositing $10,000 towards a future stock purchase of which no shares have been currently issued.

 

On October 2, 2018

 

The company received a $35,000 convertible note from a related party, MUNTI CONSULTING, LLC (Steven Cantor). Terms: 10% annual interest, due within one year and is convertible at $0.50 per share upon request from the holder.