Note 8. Commitments and Contingencies
Through a perpetual licensing agreement with FN Implementation
and Financing Partners, Inc (FNIFP) (the Licensing Agreement) dated as of December 31, 2009, the Company
was granted full access and use to the proprietary reporting methodology to AccountMETRICing Architecture(AAI). AAI
is a reporting system that is built on the specific needs of clients to understand and manage key performance indicators related
to their business. Under the Licensing Agreement the Company will payout a 5% royalty on all clients that specifically utilize
the reporting methodology along with the other services provided by the Company. No royalty fees have been earned from inception
through September 30. 2012.
Other than the royalties to be paid under the perpetual licensing
arrangement the Company has no leases or other written contractual agreements.