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PROMISSORY NOTE DISCLOSURE
6 Months Ended
Mar. 31, 2019
Notes  
PROMISSORY NOTE DISCLOSURE

NOTE 7 - PROMISSORY NOTE

 

On February 1, 2019, the Company entered into a Note Purchase Agreement with an accredited investor, Lin Su Hui. Pursuant to this agreement, the Company issued a promissory note to Lin Su Hui for $50,000, at 10% interest per annum, with a maturity date of February 6, 2020.

 

Per the agreement, the note began to accrue interest 5 days after the February 1, 2019 effective date. The interest on the note is to be paid monthly. At March 31, 2019 and September 30, 2018, the Company has paid interest of $327 and $0, and has accrued interest of $417 and $0, respectively.