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Compensation Related Costs, General
3 Months Ended
Mar. 31, 2011
Compensation Related Costs, General  
Compensation Related Costs, General [Text Block]

NOTE 8 - CONTRACTS AND AGREEMENTS      

 

On March 31, 2011, the Company entered into a management agreement with Sean Tan, the Company’s sole officer and director to serve as the President and Chief Executive Officer of the Company. Mr. Tan’s engagement commenced on March 1, 2011, and shall continue on a year-to-year basis until terminated by either party upon sixty days prior written notice to the other party.  The Company shall make monthly management fee payments of six thousand dollars ($6,000) to Mr. Tan, in arrears, on the last day of each month.  

 

On May 1, 2011, the Company entered into an agreement with Li Hui Juan, to serve as Manager of the Company in China.  Li Hui Juan’s engagement commenced on May 1, 2011, and will end on April 30, 2012, unless terminated by the Company only upon ten days prior written notice. The Company has made an advance payment of thirty thousand dollars ($30,000) for twelve (12) months of service. The Company expensed $7,500 for the three months to July 31 2011, and the balance of $22,500 is recorded as prepaid expenses.