Conversion of $378,000 debt plus accrued interest held by Vincent Celentano (et. al.) converted to equity
EXHIBIT 10.36
To:
Dave Anderson, CEO
From:
Vincent L. Celentano
Mary Celentano
William Celentano
Date
March 14, 2019
Subject:
Note Conversions
Please use this letter as your authorization to convert currently outstanding convertible notes due us and our affiliates as per the schedule included with this note. We have calculated interest through February 26, 2019 and you may use that date for all conversions without penalty.
Please issue shares related to the conversions in the appropriate names and overnight to the proper addresses as soon as possible.
Thank you,
/s/Vincent L. Celentano |
| /s/Mary Celentano |
| /s/William Celentano |
Vincent L. Celentano |
| Mary Celentano |
| William Celentano |
Conversion Schedule
Celentano Family Debt Conversion Schedule
Interest Calculation Date
2/26/2019
|
| Original Note |
| Note |
|
| Accrued |
|
| Total |
|
| Conversion |
|
| Shares |
| |||||
Celentano Consulting Company LLC |
| 12/27/2012 |
| $ | 165,500 |
|
| $ | 71,446 |
|
| $ | 236,946 |
|
| $ | 0.345 |
|
|
| 686,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
William Celentano |
| 10/30/2014 |
| $ | 10,000 |
|
| $ | 3,028 |
|
| $ | 13,028 |
|
| $ | 0.12 |
|
|
| 108,567 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1985 Trust for William Celentano |
| 1/20/2015 |
| $ | 85,000 |
|
| $ | 24,403 |
|
| $ | 109,403 |
|
| $ | 0.30 |
|
|
| 364,677 |
|
1985 Trust for William Celentano |
| 2/6/2015 |
| $ | 47,500 |
|
| $ | 13,482 |
|
| $ | 60,982 |
|
| $ | 0.30 |
|
|
| 203,273 |
|
1985 Trust for William Celentano |
| 3/13/2015 |
| $ | 50,000 |
|
| $ | 13,856 |
|
| $ | 63,856 |
|
| $ | 0.30 |
|
|
| 212,853 |
|
Totals |
|
|
| $ | 182,500 |
|
| $ | 51,741 |
|
| $ | 234,241 |
|
|
|
|
|
|
| 780,803 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mary Celentano |
| 8/11/2015 |
| $ | 20,000 |
|
| $ | 4,963 |
|
| $ | 24,963 |
|
| $ | 0.20 |
|
|
| 124,815 |
|
