Note F - Note Payable to Officer/Director
On September 29, 2006, the Company and its sole officer and director, Glenn A. Little, acknowledged that outside funds are necessary to support the corporate entity and comply with the periodic reporting requirements of the Securities Exchange Act of 1934, as amended. To this end, Mr. Little agreed to lend the Company up to$50,000 with a maturity period not to exceed two (2) years from the initial funding date at an interest rate of 6.0% per annum. Through September 30, 2012 and 2011, respectively, Mr. Little has advanced approximately $84,400 and $69,400 under this agreement. This loan matured on September 30, 2008 and is currently repayable upon demand. At this time, Mr. Little has made no demand for payment.