Take care with this one. A lot more potential dilution.
NOTE 5- CONVERTIBLE PROMISSORY NOTES
On October 31, 2009 the Company issued a Convertible promissory note to Pacific Park Investments (the Lender) in return
for checks and invoices paid totaling $299,940.00. The note was to be paid in full on by October 3, 2010 and due to the
short-term nature of the note it carries a zero interest rate. The holders may at its election convert all or part of this note
into shares of the Company's common stock at a fixed predetermined discounted conversion rate determined at the
commitment date. The notes have matured during the year and are considered in default by the Lender. On June 16th,
2013, Pacific Park Investments (the Lender), assigned one half of the convertible note to Eastlight Enterprises, Inc. and
one half of the note to Globe Idol Capital, Inc. On July 1, Eastlight Enterprises was issued a new convertible promissory
note by the company for $17,500 in exchange for a $17,500 cash loan. Global Idol Capital was also issued a convertible
promissory note in the same amount for an identical cash loan, and both notes hold a conversion price of .0001 due to the
high amount of risk and lack of a public market that existed at the time the note was issued.
