13. SUBSEQUENT EVENTS
In December 2019, the Company entered into short-term loan agreements with LOC, whereby the Company provided LOC with additional loans of $113,229. The loans are secured by the personal guarantees of some of LOC’s ultimate stockholders, bear interest at a rate of 8% per annum, and are due in December 2020.
The above information was disclosed in a filing to the SEC. To see the filing, click here .
To receive a free e-mail notification whenever Leader Capital Holdings Corp. makes a similar move, sign up!