v2.4.1.9
9. Subsequent Events
 12 Months Ended
Dec. 31, 2014
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

Convertible Redeemable Notes

Subsequent to the period on January 8, 2015 the Company entered into two (2) 8% Convertible Redeemable Note each for $26,500 (total of $53,000). Term is for one (1) year due January 8, 2016. Details of the Notes as follows;

 

Conversion Discount: The principal and accrued interest under the Notes will be convertible into shares at a 50% discount to the lowest closing bid and price with a 15 day look back.
Prepayment Option: During the first 180 days the Notes are in effect may be prepaid with a prepayment premium equal to 150% of the principal outstanding plus accrued interest. The Notes cannot be prepaid after the 180th day.
Expenses: The Investor(s) will deduct legal fees of $1,500 from each Note (total of $3,000).

 

Convertible Promissory Notes

Subsequent to the period on January 16, 2015 an agreement was reached whereby the Convertible Promissory Note of $307,266.26 dated March 11, 2014 and $16,828.56 dated June 20, 2014 would be converted to 1,473,161 common shares of A1 Group, Inc. without restrictive legend. Upon deliverance of the share certificate there will be no further obligations under the convertible promissory notes. As of the filing date of the Company’s10-K the certificate had not yet be delivered.