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      <EquityBasedCompArrngmInd>0</EquityBasedCompArrngmInd>
      <CompBasedOnRevenueOfFlngOrgInd>0</CompBasedOnRevenueOfFlngOrgInd>
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        <PersonNm>John Steele</PersonNm>
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        <AssetsDistriOrExpnssPaidDesc>Assets of Nautilus Magazine</AssetsDistriOrExpnssPaidDesc>
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        <MethodOfFMVDeterminationTxt>Obligor intends to (a) terminate all loan and/or credit agreements (including the Bridge Loan and Security Agreement, dated December 26, 2018, between the undersigned and Obligor and the Secured Promissory Note, dated December 26, 2018, by Obligor in favor of the undersigned) between Obligor and the undersigned, together with any ancillary agreements or instruments related thereto (collectively, the "Loan Documents"), and (b) satisfy all of the liabilities, obligations and indebtedness owing by Obligor to the undersigned, including all principal, interest, fees, expenses, prepayment penalties, and other amounts outstanding or payable under or in connection with the Loan Documents (collectively, the "Obligations"). The total amount necessary to pay all such Obligations as of November 12, 2019 will be $832,530 (the "Payoff Amount").</MethodOfFMVDeterminationTxt>
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          <AddressLine2Txt>A391</AddressLine2Txt>
          <CityNm>Austin</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>78703</ZIPCd>
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      <SupplementalInformationDetail>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>Return is reviewed in detail by Management and provide to full board for review.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>The organization has adopted a conflict of interest policy. The organization process includes an annual review of compliance and consistently monitors the policy.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>Compensation was approved by the Board.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section C, Line 19</FormAndLineReferenceDesc>
        <ExplanationTxt>Tax Forms available on Foundationcenter.org. Other document available on request.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>Loans by former directors Gerry Ohrstrom and Thomas Campbell Jackson to NautilusThink were assumed by the new owners of Nautilus Magazine, NautilusNext Inc.</ExplanationTxt>
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