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Note 8 - Subsequent Events
12 Months Ended
Dec. 31, 2017
Notes  
Note 8 - Subsequent Events
NOTE 8 – SUBSEQUENT EVENTS

On January 8, 2018, the Company entered into Side Letter Agreement (“Note”) with The Cellular Connection Ltd., to amend and add certain terms to the advances of $14,930 for the period from June 2014 and December 2017. Under the terms of the Note, the issue price of the Note is $14,930 with a face value of $17,916. The terms of the Note include a fixed conversion price of $0.0001 per share of Company’s common stock and a maturity date of December 31, 2018.  The Note allows for the lender to secure a portion of the Company assets up to 200% of the face value of the note. If the Note is not paid on the maturity date, the outstanding face amount of the Note shall increase by 20% on January 1, 2019. The outstanding face value of the Note shall increase by another 20% on January 1, 2020 and again on each one year anniversary of the Note until the Note has been paid in full.

 

On January 8, 2018, the Company entered into Side Letter Agreement (“Note”) with Stuart Turk, to amend and add certain terms to the advances of $244,065 for the period from July 2014 and December 2017. Under the terms of the Note, the issue price of the Note is $244,065 with a face value of $292,878. The terms of the Note include a fixed conversion price of $0.0001 per share of Company’s common stock and a maturity date of December 31, 2018.  The Note allows for the lender to secure a portion of the Company assets up to 200% of the face value of the note. If the Note is not paid on the maturity date, the outstanding face amount of the Note shall increase by 20% on January 1, 2019. The outstanding face value of the Note shall increase by another 20% on January 1, 2020 and again on each one year anniversary of the Note until the Note has been paid in full.

 

On February 7, 2018 the Company elected to convert $2,000 of principal and interest of a convertible note due to The Cellular Connection Ltd. into 20,000,000 shares of common stock of the Company at a fixed conversion price of $0.0001 per share.

 

On February 7, 2018, the Company agreed to issue 25,000,000 shares of common stock valued at $177,500 ($0.0071 per share) to settled accrued liabilities for salary due to the Nadav Elituv, the Chief Executive Officer of the Company.