Alternative Energy Partners Inc (AEGY)

[JLE86]

And dispose of the $30,000 they paid for the trademark for Simple Prepay? Seems like a waste of $30,000 to me.

Medical marijuana patients will be able to upload funds onto their Simple Prepay TM account via a smart phone
application or via a website, allowing them to purchase their medical cannabis needs with privacy and simplicity.
Our website at www.simpleprepay.com is in the development stages and is expected to go live shortly. The
acquisition of the Simple Prepay TM intellectual property and business was closed on May 31, 2013 in exchange for
our promissory note payable to iEquity Corp. in the amount of $30,000, due in three years at 8 percent interest and
convertible after six months at the election of the Holder at 50 percent of the closing market price of our common
stock at the date of closing, May 31, 2013, or a conversion price of $0.00105.