NOTES PAYABLE

3 Months Ended

Mar. 31, 2013

Notes

NOTES PAYABLE

NOTE 7 - NOTES PAYABLE

On May 4, 2011, the Company issued a convertible note payable in the amounts of $50,000 to Brent Grady and $50,000 to Dr. Rizwan Chaudhry, at an annual interest rate of 5%. The note is due on November 4, 2012. On August 10, 2011, the Company issued a convertible note payable in the amounts of $40,000 and $30,000 to BMS Associates and Farheen Shadab, at an annual interest rate of 5%. The note is due on February 10, 2013. Brent Grady note of $50,000, BMS Associates note of $40,000 and the Farheen Shadab note of $30,000 have been paid back without interest and penalty and the Company continues to accrue interest on the remaining notes. On April 12, 2013 Dr. Rizwan Chaudhry was issued 750,000 shares of common stock to satisfy the outstanding note and accrued interest, The Board of Directors approved this transaction in the month of March 2013.