Inca Designs, Inc. (fka IDGI)

[zeener2]

whats with the july 1 cd.. thats owed to our ceo for a loan she madE FOR 650K.....TY...SAW IT IN FILINGS....Recent Events

On various dates from May 2004 through May 2008, Stacy Josloff ("Josloff"), Chief Executive Officer of INCA Designs, Inc. (the "Company"), loaned an aggregate of $652,585 to the Company. On June 25, 2008, the Company issued a Convertible Note (the "Note") to Josloff for $652,585 bearing interest at the rate of ten percent (10%) per annum with a maturity date of July 1, 2009. The Note is convertible into restricted shares of the Company's Common Stock (the "Common Stock") at any time after the date of issuance at a fixed conversion price of $.001 per share.