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Due To Related Party
9 Months Ended
Sep. 30, 2014
Due To Related Party  
Due to Related Party

NOTE 7 – DUE TO RELATED PARTY

 

As of September 30, 2014 and December 31, 2013 advances of $5,754 and $0, respectively, were due to Nadav Elituv, the Company's Chief Executive Officer. The balance is non-interest bearing, unsecured and have no specified terms of repayment.

 

As of September 30, 2014 and December 31, 2013 advances of $3,517 and $76,895, respectively, were due to Doug Clark, the Company's former Chief Executive Officer. The balance are non-interest bearing, unsecured and have no specified terms of repayment. During the nine months ended September 30, 2014, Doug Clark advances the Company $9,117 in cash. On June 15, 2014, Doug Clark agreed to amend the terms of due to related party with principal of $82,495. See Note 5 – Convertible Notes.