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TRULI MEDIA GROUP, INC. FILES (8-K) Disclosing Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement

September 3, 2014



Item 2.04 Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.

In August, October and November of 2013, the Truli Media Group, Inc. ("Company") issued an aggregate of $117,500 of the Company's 8% convertible promissory notes ("Notes"). On August 28, 2014, Company received a notice of default from certain Note holders as a result of the Company's failure to make certain payments under the Notes. As a result of the default, the Company currently owes an aggregate of $153,203 in principal, interest, and penalties.


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Source: Edgar Glimpses


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