ITEM 2.04

TRIGGERING EVENTS THAT ACCELRATE OR INCREASE A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT

On November 23, 2016 the Companies parent corporation, Sack lunch Productions Inc. received a Notice of Default from TCA Global Credit Master Fund, LP advising Sack Lunch that it had failed to make three (3) monthly payments due in accordance with the Senior Secured Credit Facility Agreement that agreement was effective as of October 31, 2015. The total amount of current past due is in the amount of $628,743. The Company as a subsidiary of Sack Lunch was made a party to the agreement with TCA as a Guarantor and is thus under obligations for payment and is subject to a security interest for the payment of the debts. The Company has not received its own Notice of Default.  Failure to cure the default would lead to an increase in the interest rate on the debt and acceleration of the payment for the balance of the debt.  Sack Lunch has reported that efforts to resolve the issue are being pursued and are ongoing as of the date of this filing.