On February 24, 2017, the Southern Concepts Restaurant Group, Inc. received a notice of default related to a promissory note in an amount of $150,000 dated February 3, 2016, which matured on February 3, 2017. The promissory note contains a thirty day cure period, and the Company is currently determining if it will be possible to cure the default of the promissory note. On February 28, 2017, the Company received a default notice related to a note conversion agreement with Bourbon Brothers #14, LLC dated December 29, 2016. The default notice states that pursuant to the note conversion agreement, the Company was required to hold a shareholders meeting, or file a proxy statement within sixty days of the note conversion agreement in order to effect various corporate changes. The default notice demands payment of the debt owed to Bourbon Brothers #14, LLC, in an amount of $1,300,000. In exchange for repayment, Bourbon Brothers #14, LLC would return the 20,000,000 shares of common stock issued pursuant to the note conversion agreement. The Company is currently deciding how to proceed and respond to the default notice.