NOTE PAYABLE

9 Months Ended

Sep. 30, 2020

NOTE PAYABLE

NOTE 5 - NOTE PAYABLE

The Company issued Promissory Note as part of acquisition of six Special Purpose Entities, in exchange of the existing Promissory Notes signed by these six Special Purpose Entities. The note payable is payable on demand, maturing on September 30, 2025, bearing interest rates of 6% per annum, payable quarterly. The Note is to be secured by a Collateral Pledge of the Interest to and in favor of Transferor of all six SPEs.