On April 10, 2018, the Registrant received proceeds of $60,000 in conjunction with a promissory note from, and a Securities Purchase Agreement with, Eagle Equities entered into on April 10, 2018. The note has a maturity date of April 10, 2019, a face value of $62,500 and carries an 8% interest rate. Should the Note not be paid in full prior to maturity, any remaining balance would be convertible into the Registrant’s common stock at a discount to market.

The proceeds will be used to fund continued development of the Half-Baked line of non-THC snacks, the development and distribution of a Half-Baked line of THC-infused snacks, scaling online Nightfood revenue, and ongoing NGTF operating expenses.

In continuance of a debt consolidation initiative begun by the Company in September, 2017, On April 30, 2018, the Registrant received proceeds of $216,000 in conjunction with a promissory note from, and a Securities Purchase Agreement with, Eagle Equities entered into on April 30, 2018. The note has a maturity date of April 30, 2019, a face value of $225,000 and carries an 8% interest rate. Should the Note not be paid in full prior to maturity, any remaining balance would be convertible into the Registrant’s common stock at a discount to market.

Management believes this debt consolidation practice is beneficial to all shareholders in both the short and the long term. $113,277.50 of these Notes was used to fully retire a previously existing $78,750 convertible note with 8% interest, and a maturity date of May 7, 2018. $39,000 of these Notes was used to fully retire a previously existing $30,000 convertible note with 10% interest, and a maturity date of May 3, 2018. The balance of the note will be used for operating capital to initiate development of Nightfood ice cream, continue to scale the online Nightfood nutrition bar business, and to fund development of MJ Munchies initiatives.