NOTE 3 - LOANS PAYABLE

Goldland Holdings is indebted to KBM Worldwide Inc. in the amount of $42,583.  The amount of $68,500 borrowed on December 4, 2014, was repaid in May 2015.  On January 8, 2015, Pierre Quilliam, the then CEO authorized without Board of Directors, approval or knowledge, a company loan in the amount of $53,500 from KBM Worldwide, Inc.  A convertible promissory note was issued at an interest rate of 8% per annum and the note was due on October 12, 2015. Other loans payable totaling $36,618 are unsecured and due on demand.  Included in this amount is $22,127 owing to Julios Kosta.