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8. Commitment

12 Months Ended

Dec. 31, 2012

Commitments and Contingencies Disclosure [Abstract]

8.

Commitment

In 2011 the Company renewed its lease agreement for two years with a company to provide office space. The Company agreed to pay equal monthly installments of $1,600 in the first year and $1,625 in the second year as rent expense and related security charges. Under the lease agreements, the Company is obligated to the following payments:

	Fiscal Period	Payment
	2013	$	6,500
	2014		–
	2015		–
	2016		–
Total		$	6,500

Rent expenses were $18,750 and $19,000 for the years ended December 31, 2012 and 2011 respectively.

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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