CONVERTIBLE NOTES PAYABLE

3 Months Ended

Mar. 31, 2012

CONVERTIBLE NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE

NOTE 3 - CONVERTIBLE NOTES PAYABLE

On January 25, 2012, PFN Holdings issued a promissory note for $5,000 to a third

party. The note bears no interest and is unsecured.  The principle amount of the

note,  and all accrued  interest is due and payable to PFN Holdings on or before

January 25, 2014 unless,  in connection with the Asset Purchase  Agreement,  the

full amount is  converted  into  Company  common  shares at $0.75 per share.  No

beneficial conversion feature resulted from the issuance of the note payable. In

connection with the asset purchase agreement,  on January 27, 2012, the note was

fully  converted  to  shares of the  Company's  common  stock  and PFN  Holdings

transferred the $5,000 to the Company.