SUBSEQUENT EVENTS	12 Months Ended
Dec. 31, 2012
Subsequent Events
NOTE 10. SUBSEQUENT EVENTS	The Company has evaluated subsequent events and transactions for potential recognition or disclosure in the financial statements through the date which the financial statements were issued. On January 24, 2013 the Company canceled three of the notes totaling $125,000 to related parties and issued a note for $134,414 to an unrelated party. The note issued included $9,414 of accrued interest due to the related parties. The note payable has a conversion factor whereby the note holder may convert the principal amount and accrued unpaid interest into common stock equal to a price which is a 32.5% discount from the lowest “VWAP in the 3 days prior to the day that the holder requests conversion. Subsequent to the balance sheet date the company issued 450,000 common shares as an inducement for the extension of time of the due date on the non-convertible debt outstanding by the company. On January 11, 2013 the Company borrowed $50,000 through the issuance of a Note Purchase Agreement. The note bears interest at 3% per annum and is payable on May 11, 2013. On February 22, 2013, the Company issued 162,500 of its $0.0001 par value common stock at $0.001 per share for $13,000 cash. On March 15, 2013, the Company issued 257,143 of its $0.0001 par value common stock at $0.001 per share for $18,000 cash. On March 19, 2013, the Company issued 200,000 of its $0.0001 par value common stock at $0.001 per share for $16,000 cash.

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2012

The Company has evaluated subsequent events and transactions for potential recognition or disclosure in the financial statements through the date which the financial statements were issued.

On January 24, 2013 the Company canceled three of the notes totaling $125,000 to related parties and issued a note for $134,414 to an unrelated party. The note issued included $9,414 of accrued interest due to the related parties. The note payable has a conversion factor whereby the note holder may convert the principal amount and accrued unpaid interest into common stock equal to a price which is a 32.5% discount from the lowest “VWAP in the 3 days prior to the day that the holder requests conversion.

Subsequent to the balance sheet date the company issued 450,000 common shares as an inducement for the extension of time of the due date on the non-convertible debt outstanding by the company.

On January 11, 2013 the Company borrowed $50,000 through the issuance of a Note Purchase Agreement. The note bears interest at 3% per annum and is payable on May 11, 2013.

On February 22, 2013, the Company issued 162,500 of its $0.0001 par value common stock at $0.001 per share for $13,000 cash.

On March 15, 2013, the Company issued 257,143 of its $0.0001 par value common stock at $0.001 per share for $18,000 cash.

On March 19, 2013, the Company issued 200,000 of its $0.0001 par value common stock at $0.001 per share for $16,000 cash.

Face Up Entertainment Group, Inc. 10-K