9. SUBSEQUENT EVENTS

The Company has evaluated all events and transactions that occurred after May 31, 2016 up through the date these financial statements were available for issuance. During this period, the Company is reporting the following;

On June 2, 2016, the Company issued a Convertible Promissory Note in favor of JSJ Investment Inc. The principle amount of the loan is $55,000 (fifty five thousand dollars) with an original issue discount of $3,000 (three thousand dollars) and carries an interest rate of 8% per annum. It becomes due and payable with accrued in terest on February 26, 2017.

 

On June 20, 2016, the Company issued Convertible Promissory Note in favor of Black Forest Capital, LLC. the principle amount of the loan is $80,000 (Eighty thousand dollars) with an original issue discount of $8,000 (Eight thousand dollars) and carries an interest rate of 8% per annum. It becomes due and payable with accrued interest on June 14, 2017.

 

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Bemax, Inc. Just Filed Its Quarterly Report: NOTE 11 - SUBSEQUEN... - Jan. 12, 2018
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