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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Note 10 - SUBSEQUENT EVENTS

On October 19, 2018, the Company issued a convertible note to Power Up Lending Group Ltd. (the “Buyer”) in the principal amount of $35,000 with an interest rate of 12% per annum (22% on default) and a maturity date of October 18, 2019. The note is convertible into shares of common stock of the Company at a 38% discount of the two (2) lowest closing bid prices for the Company’s common stock during the prior fifteen (15) trading day period. The Buyer is limited to convert no more than 4.99%, at any one time, of the issued and outstanding common stock of the Company. The convertible note is subject to prepayment penalties. The Company instructed its transfer agent to reserve 38,602,941 shares of its common stock.

 

On October 18, 2018, the Company issued a convertible note to a private investor (the “Buyer”) in the principal amount of $50,000 with an interest rate of 10% per annum and a maturity date of March 19, 2020. The note is convertible into shares of common stock of the Company at 75% of the per share stock price in the equity funding, but in no event shall the conversion price be less than $0.035 per share. The convertible note is not subject to prepayment penalties.

 

On October 23, 2018, the Company issued a convertible note to LG Capital Funding, LLC (the “Buyer”) in the principal amount of $52,500 with an interest rate of 8% per annum (24% on default) and a maturity date of October 23, 2019. The note is convertible into shares of common stock of the Company at a 42% discount of the lowest trading price of the Company’s common stock for the twenty (20) prior trading days including the day upon which the notice of conversion is received by the Company. The Buyer is limited to convert no more than 4.90%, at any one time, of the issued and outstanding common stock of the Company. The convertible note is subject to prepayment penalties. The Company instructed its transfer agent to reserve 40,640,000 shares of its common stock.

 

Subsequent to September 30, 2018, the Company issued 2,000,000 shares of common stock, for consulting services, valued at $19,950, or $0.01 per share.

 

On October 23, 2018, Crossover Capital Fund II, LLC (see Note 6) elected to convert $10,130 of outstanding principal and $370 of outstanding accrued interest into 3,000,000 shares of the Company’s common at $0.0035 per share.