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NOTE 6 - NOTES PAYABLE

6 Months Ended

Nov. 30, 2014

NOTE 6 – NOTES PAYABLE

In 2014, the Company received a loan from Bindor LLC in the amount of $50,000. At November 30, 2014, the loan amounted to $50,000. The loan carries an interest of 18% and is payable on October 24, 2015 or in the event the Company gets an equity financing that results in gross proceeds of at least $1,000,000.

A summary of the amounts outstanding is as follows:

	Balance November 30,		Balance May 31,
	2014		2014

Bindor LLC	$	50,000	$	-

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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