Payable interest
only for the first twelve months commencing October 8, 2017, variable interest rate, currently at 5.5%, followed by 83 monthly
payments of $3,765, interest at 6%,
The conversion
price shall be the lowest of (i) $0.15, (ii) 58% of the price of the Companys securities that are sold in any offering
of the Companys securities in excess of $100,000, of (iii) the conversion price of any Equity converted on or prior to
the Conversion Date
Carrying value as of the balance sheet date of short-term borrowings using unsecured obligations issued by banks, corporations and other borrowers to investors. The maturities of these money market securities generally do not exceed 270 days.
Amount of fees and commissions from banking, advisory, brokerage, and securities underwriting activities. Activities include, but are not limited to, underwriting securities, private placements of securities, investment advisory and management services, merger and acquisition services, sale and servicing of mutual funds, and other related consulting fees.