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At December 31, 2017 and 2016, accrued curiosity receivable associated to those notes amounted to $295,072 and $299,124, respectively. MarketsMarketsmarketsXintai law firmXintai Law Firm

As these notes are no longer interest bearing, there was no curiosity income associated to these notes for the years ended December 31, 2017 and 2016. The Company has incurred historical losses, and current liabilities exceed present property at December 31, 2017, with the majority of the present liabilities tied to maturing long-term notes which have been a main funding mechanism. The Company additionally lowered its debt obligations during the year ended December 31, 2017 as many creditors additionally transformed their debt into common shares as mentioned in Note 9. The Company’s income elevated considerably and working money flow dramatically improved in the course of the yr ended December 31, 2017.

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The parties hereto have executed this Amendment the day and year first appearing above. Canada Immigration Lawyer In Xintai ShandongCanada Immigration Lawyer In Xintai Shandongcanada immigration lawyer turkiye citizenship by investment in xintai shandongXintai law firmXintai Law Firm

The liability of the Borrower is absolute and unconditional, law firm turkish citizenship by investment with out regard to the legal responsibility of another get together. That cost of the Indebtedness is the legitimate obligation of Borrower and Guarantor and, as of the date hereof, Borrower and Guarantor have absolutely no defenses, claims, rights of set-off or counterclaims towards Crestmark or the cost of the Indebtedness. This Amendment shall not impair the rights, cures and Collateral given in the Agreement and the Loan Documents.