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</LabelSeparator><Level>2</Level><ElementName>us-gaap_SubsequentEventsTextBlock</ElementName><ElementPrefix>us-gaap_</ElementPrefix><IsBaseElement>true</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="From2013-01-01to2013-06-30" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0; text-align: justify"&gt;NOTE 6 &amp;#150; SUBSEQUENT EVENT&lt;/p&gt;

&lt;p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"&gt;On July 2, 2013, the company amended an unsecured,
non-interest bearing promissory note payable on demand in the amount $12,500 issued to the Al Kau. Under the terms of the Side
Letter Agreement, the Note has a fixed conversion price of $0.0001 per share of common stock. In additional, as a result of the
modification the face value of the Note was increased from $12,500 to $18,000. The note bears interest at 20% per annum and allows
for the lender to secure a portion of the Company assets up to 200% of the face value of the note and mature one year from the
day of their respective issuance. On July 11, 15 and 16, 2013 the holder of the note converted $8,900 of principal plus accrued
interest into 89,000,000 shares of the Company's common stock.&lt;/p&gt;

&lt;p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0; text-align: justify"&gt;On July 8, 2013, Innovative received
written notice that Cigar &amp;#38; Spirits will cancel the license agreement on August 1, 2013 (Note 1)&lt;/p&gt;

&lt;p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0; text-align: justify"&gt;On August 6, 2013, the Company
filed with State of Delaware a Certificate of Designation to amend the Certificate of Incorporation. The amendment increases
the total number of shares of which the Company share has the authority to issue to 3,001,000,000 shares consisting of
3,000,000,000 shares of common stock, par value $0.0001 per share and 1,000,000 shares of preferred stock, par value $0.001
per share. All share information has been revised to reflect the increase in the total number of shares.&lt;/p&gt;

&lt;p style="font: 10pt/normal Courier New, Courier, Monospace; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.</ElementDefenition><ElementReferences>No definition available.</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>SUBSEQUENT EVENT</Label></Row></Rows><Footnotes /><IsEquityReport>false</IsEquityReport><ReportName>SUBSEQUENT EVENT</ReportName><MonetaryRoundingLevel>UnKnown</MonetaryRoundingLevel><SharesRoundingLevel>UnKnown</SharesRoundingLevel><PerShareRoundingLevel>UnKnown</PerShareRoundingLevel><ExchangeRateRoundingLevel>UnKnown</ExchangeRateRoundingLevel><HasCustomUnits>true</HasCustomUnits><IsEmbedReport>false</IsEmbedReport><IsMultiCurrency>false</IsMultiCurrency><ReportType>Sheet</ReportType><RoleURI>http://ipoi.com/role/SubsequentEvent</RoleURI><NumberOfCols>1</NumberOfCols><NumberOfRows>2</NumberOfRows></InstanceReport>
