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Subsequent Events
3 Months Ended
Sep. 30, 2015
Subsequent Events [Abstract]  
Subsequent Events

Note 6. Subsequent Events

 

The Company evaluated all events or transactions that occurred after September 30, 2015 and up through date the Company issued these financial statements and determined there were no reportable events other than that indicated below:

 

On October 30, 2015, the Company closed on the offer and sale of an additional $30,000 of its 10% Secured Convertible Promissory Notes to two investors. The Investor Notes were offered and sold as part of the Notes Offering to one accredited investor and one non-U.S. person pursuant to the exemptions from the registration requirements of the Securities Act provided by Section 4(a)(2) of, and Regulation D and Regulation S under, the Securities Act.

 

On October 27, 2015, the Company entered into a business advisory services agreement with EGM Firm Inc. (“EGM”) pursuant to which in exchange for the provision of certain business development services the Company agreed to pay a cash fee of $15,000 and to issue to EGM 10,000 restricted shares of its common stock upon the signing of the agreement. The Company has not yet issued these shares to EGM. This issuance is exempt from the registration provisions of the Securities Act pursuant to Section 4(a)(2) thereof.