Attached files
WRITTEN DESCRIPTION OF ORAL AGREEMENT WITH MR. GAFFNEY
Mr. Gaffney, our sole officer and director, has verbally agreed to advance sufficient funds to the Company on an as-needed basis, to assist in start-up operations, including expenses associated with the Company's registration statement on Form S-1 and the Prospectus contained therein, and to continue operations if funds are required.
Mr. Gaffney does not have any obligation to provide Loans to the Company and may do so only if he wishes.
Because there are no agreed upon terms for the repayment of any funds loaned to the Company, the loans, when and if, made should be considered payable on demand.