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Notes and Loans Payable
9 Months Ended
Oct. 31, 2015
Notes  
Notes and Loans Payable

NOTE 4: NOTES PAYABLE

 

Notes payable consists of an unsecured convertible promissory note in the modified principal sum of $236,350. The note bears interest at a rate of 6% per annum, is due January 31, 2017, and is convertible into the Company’s common stock at a rate of $0.003 per share. 

 

As of October 31, 2015 and January 31, 2015, the Company has accrued $41,106 and $30,499, respectively, in interest on notes payable.