Note Payable

12 Months Ended

Dec. 31, 2015

Note Payable

Note 5 - Note Payable

Notes payable at December 31, 2015 consist of the following;

(a) Tarpon	$	50,000
(b) Individual		9,000
Total	$	59,000

(a)

On June 15, 2015, as a condition for the execution of an Equity Purchase Agreement with Tarpon (See Note 10), the Company issued a Promissory Note to Tarpon in the principal amount of $50,000 with an interest rate at 10% per annum and a maturity date of December 31, 2015. The note was recorded as financing cost upon issuance. The note is currently past due.

(b)

On December 17, 2015, the Company issued a Promissory Note in the principal amount of $9,000. The note is due within 10business days of the Company receiving a notice of effectiveness of its Form S-1 filed on February 22, 2016. Failure to make payment during that 10 business day period shall constitute an Event of Default, as a result of which the note will become immediately due and payable and the balance will bear interest at 7%. The Company’s Form S-1 was declared effective on March 8, 2016 and payment was due before March 22, 2016. The Company did not repay the note before March 22, 2016; therefore, the note is in default with an interest rate of 7%.