Note purchase agreement and consulting agreement with G FarmaLabs Limited (Details) |
Mar. 17, 2017
USD ($)
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Note purchase agreement and consulting agreement with G FarmaLabs Limited Details | |
Company purchased two secured promissory notes from G Farma | $ 500,000 |
Company purchased two secured promissory notes from G Farma bear interest at per annum | 7.42% |
First promissory note in the amount is for the purchase of real estate | $ 120,000 |
Requires monthly payments of $1,107 with a balloon payment at maturity | 93,585 |
Second promissory note is used for working capital | 380,000 |
Requires monthly payments of $3,505 with a balloon payment at maturity | 296,352 |
Company will receive a monthly consulting fee per month | 1,400 |
Consulting fee is increased by Addendum II | $ 1,680 |
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- Definition Company purchased two secured promissory notes from G Farma No definition available.
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- Definition Company purchased two secured promissory notes from G Farma bear interest at per annum No definition available.
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- Definition Company will receive a monthly consulting fee per month No definition available.
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- Definition Consulting fee is increased by Addendum II No definition available.
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- Definition First promissory note in the amount is for the purchase of real estate No definition available.
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- Definition NeuCourt, Inc. convertible note receivable including accrued interest of $489 and $181 at March 31, 2017 No definition available.
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- Definition Requires monthly payments of $1,107 with a balloon payment at maturity No definition available.
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- Definition Requires monthly payments of $3,505 with a balloon payment at maturity No definition available.
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- Definition Second promissory note is used for working capital No definition available.
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