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10-K - FORM 10-K - ENTEST BIOMEDICAL, INC.entb0129form10k.htm
EX-32.1 - EXHIBIT 32.1 - ENTEST BIOMEDICAL, INC.entb0129form10kex321.htm
EX-31.2 - EXHIBIT 31.2 - ENTEST BIOMEDICAL, INC.entb0129form10kex312.htm
EX-32.2 - EXHIBIT 32.2 - ENTEST BIOMEDICAL, INC.entb0129form10kex322.htm
EX-31.1 - EXHIBIT 31.1 - ENTEST BIOMEDICAL, INC.entb0129form10kex311.htm
EX-10.37 - EXHIBIT 10.37 - ENTEST BIOMEDICAL, INC.entb0129form10kex1037.htm
EXCEL - IDEA: XBRL DOCUMENT - ENTEST BIOMEDICAL, INC.Financial_Report.xls
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EX-10.39 - EXHIBIT 10.39 - ENTEST BIOMEDICAL, INC.entb0129form10kex1039.htm
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v2.4.0.6
NOTES PAYABLE
12 Months Ended
Aug. 31, 2012
Debt Disclosure [Abstract]  
NOTES PAYABLE

NOTE 5.  NOTES PAYABLE 

 

As of August 31, 2012

 

 

Current :

 
Bio Technology Partners Business Trust 13500
Venture Bridge Advisors, Inc. 32508
Southridge Partners II LLP 40000
Sherman Family Trust 79000
Officer Loans (Note 6) 30,180
Current portion of amounts to be paid on  
behalf of Gregory McDonald and Pet Pointers, Inc. (Note 10  ) 30174
8% Convertible Notes (Note14 ) 105,500
10% Convertible Note (Note 14) 59000
Total: 389862
   
Long Term:  
Long Term portion of amounts to be paid on  
behalf of Gregory McDonald and  
Pet Pointers, Inc. (Note 10  ) 36469
Total: 36469

 

Both of Bio Technology Partners Business Trust and Venture Bridge Advisors have provided lines of credit to the Company in the amount of $200,000 each or so much thereof as may be disbursed to, or for the benefit of the Company by Lender in Lender's sole and absolute discretion. The unpaid principal of these lines of credit bear simple interest at the rate of ten percent per annum. Interest is calculated based on the principal balance as may be adjusted from time to time to reflect additional advances or payments made hereunder. Principal balance and accrued interest shall become due and payable in whole or in part at the demand of the Lender. The Sherman Family Trust has provided a line of credit to the Company in the amount of $____ or so much thereof as may be disbursed to, or for the benefit of the Company by Lender in Lender's sole and absolute discretion. The unpaid principal of this line of credit bears simple interest at the rate of ten percent per annum. Interest is calculated based on the principal balance as may be adjusted from time to time to reflect additional advances or payments made hereunder. Principal balance and accrued interest shall become due and payable in whole or in part at the demand of the Lender. $40,000 loaned to the Company by Southridge Partners II LLP bears no stated interest rate and is payable at the demand of Southridge Partners II LLP.