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    &lt;td colspan="2" style="text-align: justify; line-height: 115%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;At December 31, 2012, the Company was indebted for unsecured promissory notes due on demand, bearing interest at 8% per annum, totaling $7,116 including accrued interest of $1,216. The promissory notes were due to a company controlled by the sole director and officer of the Company. Effective January 1, 2013 the Company, its sole director and CEO, and his private company, mutually agreed that all funds due to the CEO and his company would no longer bear interest.&amp;#160;&amp;#160;Consequently the promissory notes were reclassified to accounts payable.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
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