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As Of Filer Filing For·On·As Docs:Size 1/07/15 Pan Ocean Container Supplies, Ltd 10-Q/A 10/31/14 31:834K |
Document/Exhibit Description Pages Size
1: 10-Q/A Amendment to Quarterly Report HTML 88K
10: EX-99.A4 OTHER AGRMT Other Agreement HTML 17K
2: EX-31.1 Certification of Chief Executive Officer and HTML 20K
Principal Accounting Officer as Required by Rule
13A-14(A) or Rule 15D-14(A)
3: EX-32 Certification -- §906 - SOA'02 HTML 14K
21: R1 Document and Entity Information HTML 41K
16: R2 Balance Sheets HTML 47K
19: R3 Balance Sheets (Parenthetical) HTML 23K
22: R4 Statements of Operations HTML 37K
29: R5 Statements of Cash Flows HTML 39K
17: R6 Nature and Continuance of Operations HTML 17K
18: R7 Summary of Significant Accounting Policies HTML 31K
15: R8 Capital Stock HTML 22K
13: R9 Commitments HTML 18K
30: R10 Related Party Transactions HTML 17K
24: R11 Convertible Note Payable HTML 16K
23: R12 Summary of Significant Accounting Policies HTML 62K
(Policies)
26: R13 Nature and Continuance of Operations (Details HTML 15K
Narrative)
27: R14 Capital Stock (Details Narrative) HTML 26K
25: R15 Commitments (Details Narrative) HTML 15K
28: R16 Related Party Transactions (Details Narrative) HTML 21K
20: R17 Convertible Note Payable (Details Narrative) HTML 21K
31: XML IDEA XML File -- Filing Summary XML 37K
11: EXCEL IDEA Workbook of Financial Reports XLSX 33K
14: EXCEL IDEA Workbook of Financial Reports (.xls) XLS 74K
4: EX-101.INS XBRL Instance -- nveh-20141031 XML 117K
6: EX-101.CAL XBRL Calculations -- nveh-20141031_cal XML 27K
7: EX-101.DEF XBRL Definitions -- nveh-20141031_def XML 26K
8: EX-101.LAB XBRL Labels -- nveh-20141031_lab XML 160K
9: EX-101.PRE XBRL Presentations -- nveh-20141031_pre XML 121K
5: EX-101.SCH XBRL Schema -- nveh-20141031 XSD 35K
12: ZIP XBRL Zipped Folder -- 0001372167-15-000002-xbrl Zip 22K
LINE OF CREDIT PROMISSORY NOTE
DATE: October 31, 2014
PRINCIPAL LOAN AMOUNT: $73,117.00
BORROWER: Pan Ocean Container Supplies Ltd.
58 Dongcheng District, Beijing, China, 100027
LENDER: Fusion Business Group Inc.
434 West Bakerview Rd, #105-268, Bellingham, WA, 98226
FOR VALUE RECEIVED, Pan Ocean Container Supplies Ltd. (the “Borrower”) promises to pay to the order of Fusion Business Group Inc. (the “Lender”) the principal sum of $73,117.00 DOLLARS [principal amount], or so much thereof as may be disbursed to or for the benefit of the Borrower by Lender in Lender’s sole and absolute discretion. It is the intent of the Borrower and Lender hereunder to create a line of credit agreement between Borrower and Lender whereby Borrower may borrow up to $100,000.00 [maximum borrowing limit] from Lender; provided, however, that Lender has no obligation to lend Borrower any amounts hereunder and the decision to lend such money lies in the sole and complete discretion of the Lender.
INTEREST & PRINCIPAL
The unpaid principal of this line of credit shall bear simple interest at the rate of zero [interest rate] percent (0%) per annum. Interest shall be calculated based on the principal balance as may be adjusted from time to time to reflect additional advances made hereunder. Interest on the unpaid balance of this Note shall accrue monthly but shall not be due and payable until such time as when the principal balance of this Note becomes due and payable. The principal balance of this Note shall be due and payable on December 31, 2016. There shall be no penalty for early repayment of all or any part of the principal.
CONVERSION of LOAN, FORGIVENESS of INTEREST AND PRINCIPAL
Conversion of Loan into Common Stock. Subject to the terms and conditions of this Agreement, at the sole option of the Lender, Lender agrees to cancel and terminate the Principal Loan Amount and to convert the entire outstanding principal balance of the Principal Loan Amount into shares of Common Stock at a conversion price of ten cents ($0.10) per share. In addition, the Lender agrees that all accrued and unpaid interest on the Principal Loan Amount through the Closing shall be cancelled and forgiven at the Closing. By converting the Principal Loan Amount into Common Stock, and cancelling and forgiving the interest thereon, the Lender
acknowledges and agrees that the Principal Loan Amount will be cancelled and terminated in all respects and for all purposes and that the Lender will be deemed to have released all claims held by the Lender with respect to the Principal Loan Amount and the payment of principal and interest thereon.
DEFAULT
The Borrower shall be in default of this Note on the occurrence of any of the following events:
(a) the Borrower shall fail to meet its obligation to make the required principal or interest payments hereunder;
(b) the Borrower shall be dissolved or liquidated;
(c) the Borrower shall make an assignment for the benefit of creditors or shall be unable to, or shall admit in writing their inability to pay their debts as they become due;
(d) Ninety (90) days after DEMAND is made pursuant to the Note, unless the Borrower has satisfied the Note in full.
If any Event of Default occurs, all obligations from the Borrower to the Lender, including obligations pursuant to this Line of Credit Agreement and/or Note shall immediately become due and payable without demand, presentment, protest or other notice of any kind all of which are hereby expressly waived.
IN WITNESS WHEREOF, the parties have caused these presents to be executed as a contract under seal as of the date first above written.
Borrower:
Pan Ocean Container Supplies Ltd.
By: /s/Qi Tang
Mr. Qi Tang,
Chief Executive Officer
& President and Principal Financial
and Accounting Officer
Lender:
Fusion Business Group Inc.
By: /s/Dave Wong
Mr. Dave Wong,
Director
| This ‘10-Q/A’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 12/31/16 | ||||
| Filed as of: | 1/7/15 | |||
| Filed on: | 1/6/15 | |||
| For Period end: | 10/31/14 | 10-Q | ||
| List all Filings | ||||