Quarterly report pursuant to Section 13 or 15(d)

Convertible Note Payable

v3.7.0.1
Convertible Note Payable
6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Convertible Note Payable

Note 7 – Convertible Note Payable

 

On May 10, 2017, we entered into a convertible note agreement with an unrelated party, pursuant to which we borrowed $50,000 at an annual percentage rate of 10% with a term of 12 months. This note may, at the option of the Lender, be converted at any time prior to September 7, 2017, into fully-paid, restricted and non-assessable shares of common stock of the Company at a price equal to 100% of the selling price of such common stock in a private placement to institutional and/or accredited investors initiated by the Company during the term of this note.