Note 6 – Note Payable

On November 30, 2012 we purchased two million shares of common stock and certain assets from a stockholder of the Company for consideration of $323,035 in cash (including an option payment that we previously made to the selling stockholder) and a promissory note of $825,000 bearing an interest rate of twenty-four hundredths percent (0.24%).

On March 28, 2013, we made a $200,488 payment on the promissory note consisting of $200,000 of principal and $488 of accrued interest. On June 27, 2013, we made a payment of $200,374 on the promissory note consisting of $200,000 of principal and $374 of accrued interest. On September 27, 2013, we made a payment of $200,257 on the promissory note consisting of $200,000 of principal and $257 of accrued interest. The remaining outstanding principal of $225,000 plus accrued interest is due on or before December 31, 2013.