ADVANCES FROM RELATED PARTIES

3 Months Ended

Mar. 31, 2020

ADVANCES FROM RELATED PARTIES

NOTE H - ADVANCES FROM RELATED PARTIES

a) On December 9, 2008, the Company received $25,000 from a company controlled by the former President of the Company. The amount owing is unsecured, non-interest bearing, and has no specified repayment terms. As of March 31, 2020, the Company owed this Company $1,501 for payment of expenses on behalf of the Company.

b) On September 5, 2008, the Company entered into a loan agreement with a company controlled by the former President of the Company. The Company received $25,000 which is non-interest bearing and is due five years from the advancement date. As of March 31, 2020, the loan payable was $25,000.