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In February 2016, FLASR Inc. entered into a Convertible Note agreement with GW Holdings Group, LLC for $15,500. GW Holdings converted the Note into common stock shares at $.0001 par value.

In February 2016, FLASR Inc. entered into a Convertible Note agreement with Essex Global Investment Corp for $25,000. The Note matures on February 3, 2017 and accrued interest at 12.% per annum. The Note includes conversion provision with derivative provisions to convert into common shares equal to 50% of the lowest trading price as reported on the National Quotations Bureau OTCQB exchange.



On February 23, 2016, the Company filed a Certificate of Designation and Preferences of Series A-1 Convertible Preferred Stock (the "Series A-1 Certificate of Designation") with the Secretary of State designating 2,500,000 shares of preferred stock of the Company having a par value of $0.001 per share as "Series A-1 Convertible Preferred Stock" (the "Series A-1 Preferred Stock").Each share of the Series A-1 Preferred Stock will receive 160 times the dividends declared and paid with respect to each share of Common Stock. The holders of the Series A-1 Preferred Stock will have the right to convert their Series A-1 Preferred Stock into fully paid and nonassessable shares (subject to certain adjustments as provided in the Series A-1 Certificate of Designation) of Common Stock at a conversion rate of 160 shares of Common Stock for each share of Series A-1 Preferred Stock.


On January 12, 2016, Hallco Unlimited Inc. purchased a $40,000 Note agreement originally issued to Backenald Trading Company in March, 2015. The rights, title and ownership in and conversion rights have also been irrevocably sold, assigned and transferred. On February 24, 2016, Big Wave Stocks, Inc. purchased $3,000 of a $35,000 Note agreement originally issued to Backenald Trading Company in March, 2015. The Company issued a Notice of Conversion on March 8, 2016 and converted the $3,000 into 3,000,000 shares.