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Note 6 - Loans - Unrelated Parties
12 Months Ended
Dec. 31, 2015
Notes  
Note 6 - Loans - Unrelated Parties

NOTE 6 – LOANS - UNRELATED PARTIES

 

As of December 31, 2015, the Company owes zero in loan proceeds from two unrelated parties. Following inception (August 29, 2012), the Company’s incorporator and founder established a financial relationship with two unrelated parties. The Company secured two loans in order to fund the Company’s working capital expenses. The unrelated party loans were unsecured and carried no interest rate or repayment terms.  Loans amounting to $51,031 was forgiven by the unrelated party as explained in Note 8.