Note 8 - Notes Payable

9 Months Ended

Oct. 31, 2012

Notes

Note 8 - Notes Payable

NOTE 8 – NOTES PAYABLE

Since inception the Company received cash totaling $6,500 from EFM Venture Group, Inc., an unrelated party, in the form of four promissory notes and made one payment of $1,200 in cash. As of July 31, 2012 the amount due to EFM Venture Group was $5,300.

The Company received cash in the amount of $1,000 from EFM Venture Group, Inc, This amount is represented by one unsecured promissory note dated July 31, 2010.  This loan is at 4% interest with principle and interest all due on July 31, 2012. On February 10, 2011, the Company paid back $1,000.

The Company received cash in the amount of $2,900 from EFM Venture Group, Inc.  This amount is represented by one unsecured promissory note dated November 24, 2010.  This loan is at 4% interest with principle and interest all due on November 24, 2012.  On February 10, 2011, the Company paid back $200.

The Company received cash in the amount of $1,600 from EFM Venture Group, Inc.  This amount is represented by one unsecured promissory note dated January 6, 2011 This loan is at 4% interest with principle and interest all due on January 6, 2013.

The Company received cash in the amount of $1,000 from EFM Venture Group, Inc, This amount is represented by one unsecured promissory note dated March 15, 2012.  This loan is at 4% interest with principle and interest all due on March 15, 2014.

Accrued interest payable as of October 31, 2012 was $0.

On July 31, 2012, EMF Venture Group Inc., and unrelated party agreed to forgive debts outstanding to them totaling $5,620 which have been recorded as other income.