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Notes Payable
12 Months Ended
Oct. 31, 2015
Debt Disclosure [Abstract]  
Notes Payable

NOTE 7 – NOTES PAYABLE

 

On September 9, 2015, we sold Backenald Corp. a promissory note in the principal amount of $20,000, bearing interest at the rate of 5% per annum and maturing on the first anniversary of the date of issuance. The Company may prepay any or all of the outstanding principal of the promissory note at any time without penalty and shall be accompanied by payment of the accrued interest on the amount prepaid. The promissory note automatically becomes due upon an event of default, including breach, default, bankruptcy and sale. As of October 31, 2015 accrued interest amounted to $175.