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Subsequent Events
6 Months Ended
Mar. 31, 2017
Subsequent Events:  
Subsequent Events

9. Subsequent Events

 

On April 17, 2017, the Company received proceeds of 13,750, net of issuance fees of $1,250 pursuant to an amendment to its February 16, 2017 loan agreement with a non-related third party. On April 26, 2017, the Company received additional proceeds of $88,000, net of issuance fees of $8,000 pursuant to an additional amendment to its February 16, 2017 loan agreement with the same non-related third party. The aggregate principal amount of $211,178 is secured, bears interest at 10%, is due on February 17, 2018, and is convertible into common shares of the Company at $0.10 per share.

 

On May 18, 2017, the Company entered into a second waiver and amendment agreement with a non-related third party to waive certain events of default relating to an investment agreement between both parties.