RELATED PARTY TRANSACTIONS

9 Months Ended

Feb. 28, 2017

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 4. RELATED PARTY TRANSACTIONS

During the fourth quarter of 2012, American Compass Inc. (“ACI”), a related party based upon the beneficial ownership of the Company held by certain key management of ACI, paid $6,000 in legal fees and $4,000 in auditing fees on behalf of the Company. During the first quarter of 2013, ACI paid $15,332 in legal fees on behalf of the Company. During the second quarter of 2013, ACI paid $7,527 in legal fees and $1,000 in auditing fees on behalf of the Company.

On May 31, 2012, ACI made a non-interest bearing, unsecured loan to the Company in the amount of $30,000. On December 18, 2012, ACI made another non-interest bearing, unsecured loan to the Company in the amount of $20,000.

On May 16, 2013, ACI made a non-interest bearing, unsecured loan to the Company in the amount of $5,000. On November 4, 2013, ACI made a non-interest bearing, unsecured loan to the Company in the amount of $10,000.

On April 17, 2014, ACI made a non-interest bearing, unsecured loan to the Company in the amount of $10,000. On June 30, 2014, ACI made a non-interest bearing, unsecured loan to the Company in the amount of $10,000. On November 19, 2014, ACI made a non-interest bearing, unsecured loan to the Company in the amount of $10,000.

On June 24, 2015, September 30, 2015, October 21, 2015, and November 18, 2015, ACI made non-interest bearing, unsecured loans to the Company in the amounts of $10,000, $10,000, $10,000, and $20,000, respectively.

On January 23, 2017, ACI made a non-interest bearing, unsecured loan to the Company in the amount of $10,000.

As of February 28, 2017, the total balance due to ACI is $198,859, all of which is due on demand, and on which there is no maturity date.