Blüm Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

NOTE PAYABLE (Tables)

NOTE PAYABLE (Tables)

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Notes payable is as follows:

		June 30,				December 31,
		2012				2011

Senior secured promissory note dated July 15, 2011, issued to an accredited investor, maturing July 15, 2012, bearinginterest at a rate of 15% per annum. Interest shall be paid in cash or common stock at the holders option.		$	250,000			$	250,000

Unsecured promissory demand note dated May 7, 2012, issued to an accredited investor, bearing interest at a rate of 4% per annum. Holder may elect to convert into common stock at $0.75 per share.			5,000				-

Unsecured promissory note dated June 11, 2012, issued to an accredited investor, bearing interest at a rate of 4% per annum. Holder may elect to convert into common stock at $0.75 per share.			24,982				-