Ubiquitech Software Corp (UBQU)

[Bearslayer]

Note 12 – Long Term Debt
As of August 31, 2016 the company had $1,102,116 of long term debt. $381,692 of this debt is owed to R Holdings 9 originally dated August 30, 2011. $162,200 of this debt is owed to Common Sense Holdings, LLC representing money advanced to James Ballas, the company president, during the period covering September 1, 2013 to December 31, 2013 for expenses of the company. $65,000 of this debt is owed to Common Sense Holdings, LLC representing money advanced to James Ballas, the company president, during March of 2014 for expenses of the company. $515,000 of this debt is owed to Common Sense Holdings, LLC representing money advanced to James Ballas, the company president, during May, June, July and August of 2014 for expenses of the company.