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<p style="margin: 0pt"><font style="font-family: Times New Roman, Times, Serif"> </font></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 27pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>1.</b></font></td><td style="text-align: justify; padding-right: 22.7pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Interim
Reporting</b></font></td></tr></table>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 45pt; text-align: justify; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif"><b> </b></font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif">While
the information presented in the accompanying interim six months financial statements is unaudited, it includes all adjustments,
which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows
for the interim periods presented in accordance with accounting principles generally accepted in the United States of America.
These interim financial statements follow the same accounting policies and methods of their application as the Company’s
May 31, 2011 annual financial statements. All adjustments are of a normal recurring nature. It is suggested that these interim
financial statements be read in conjunction with the Company’s May 31, 2011 annual financial statements.</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif">Operating
results for the six months ended November 30, 2011 are not necessarily indicative of the results that can be expected for the
year ended May 31, 2012.</font></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"><font style="font-family: Times New Roman, Times, Serif"> </font></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 27pt"><font style="font-family: Times New Roman, Times, Serif">2<font style="font-size: 10pt"><b>.</b></font></font></td><td style="text-align: justify; padding-right: 22.7pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Nature
and
Continuance
of
Operations</b></font></td></tr></table>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font-family: Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif">Blue
Spa Incorporated ("the Company") was incorporated in the State of Nevada, USA on September 4, 2009. The Company is in
its early developmental stage since its formation and has not realized any revenues from its planned operations. The Company is
engaged in the development of an internet based retailer of a multi-channel concept combining a wholesale distribution with a
retail strategy. It plans to distribute quality personal care products, fitness apparel and related accessories.</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font-family: Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font-family: Times New Roman, Times, Serif">The
Company has chosen a fiscal year end May 31.</font></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"><font style="font-family: Times New Roman, Times, Serif"> </font></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 27pt"><font style="font-family: Times New Roman, Times, Serif">3<font style="font-size: 10pt"><b>.</b></font></font></td><td style="text-align: justify; padding-right: 22.7pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Going
Concern</b></font></td></tr></table>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif"><b> </b></font></p>
<p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">These financial statements have been prepared assuming
the Company will continue as a going concern. The Company accumulated a deficit of $45,502 since inception, has yet to achieve
profitable operations and further losses are anticipated in the development of its business, raising substantial doubt about the
Company’s ability to continue as a going concern. At November 30, 2011, the Company had a working capital deficiency of
$28,502. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations
in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business
operations when they come due. These financial statements do not include any adjustments to the amounts and classification of
assets and liabilities that may be necessary should the Company be unable to continue as a going concern. The Company anticipates
that additional funding will be in the form of equity financing from the sale of common stock and/or commercial borrowing. There
can be no assurance that capital will be available, it will be on terms acceptable to the Company. The issuances of additional
equity securities by the Company would result in a dilution in the equity interests of its current stockholders. The Company may
also seek to obtain short term loans from the directors of the Company. There are no current arrangements in place for equity
funding.</font></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 27pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>4.</b></font></td><td style="text-align: justify; padding-right: 22.7pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Summary
of
principal
accounting
policies</b></font></td></tr></table>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">A
summary of the significant accounting policies applied in the presentation of the accompanying financial statements follows:</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif">  </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"><u>Basis
of presentation</u></font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
Company has not earned any revenue from limited principal operations. Accordingly, the Company’s activities have been accounted
for as those of a “Development Stage Entity” as set forth in Financial Accounting Standards Board (“FASB”)
Accounting Standards Codification (“ASC”) 915.  Among the disclosures required by FASB ASC 915 are that the Company’s
financial statements be identified as those of a development stage company, and that the statements of earnings, retained earnings
and stockholders’ equity and cash flows disclose activity since the date of the Company’s inception.</font></p>
<p style="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United
States of America.</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif">  </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"><u>Use
of estimates</u></font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities
at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Management
makes its best estimate of the ultimate outcome for these items based on historical trends and other information available when
the financial statements are prepared. Changes in estimates are recognized in accordance with the accounting rules for the estimate,
which is typically in the period when new information becomes available to management. Actual results could differ from those
estimates.</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif">  </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"><u>Foreign
currency translations</u></font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
Company is located and operating outside of the United States of America. The functional currency of the Company is the U.S. Dollar.
At the transaction date, each asset, liability, revenue and expense is translated into U.S. dollars by the use of the exchange
rate in effect at that date.  At the period end, monetary assets and liabilities are re-measured by using the exchange rate
in effect at that date. The resulting foreign exchange gains and losses are included in operations.</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: center; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><u>Cash
and cash equivalents</u></font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
Company considers all short-term highly liquid investments that are readily convertible to known amounts of cash and have original
maturities of three months or less to be cash equivalents.</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: center; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"><u>Income
Taxes</u></font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
Company follows the guideline under ASC Topic 740 Income Taxes. “Accounting for Income Taxes” which requires the recognition
of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial
statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of
differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on
enacted tax laws and statutory tax rates, applicable to the periods in which the differences are expected to affect taxable income.
Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. Since
the Company is in the developmental stage and has losses, no deferred tax asset or income taxes have been recorded in the financial
statements.</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif">  </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"><u>Comprehensive
income</u></font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
Company has adopted ASU 220 “Reporting Comprehensive Income”, which establishes standards for reporting and display
of comprehensive income, its components and accumulated balances. The Company is disclosing this information on its Statement
of Stockholders' Equity. Comprehensive income comprises equity except those resulting from investments by owners and distributions
to owners.</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">For
the period ended November 30, 2011, there are no reconciling items between the net loss presented in the statements of operations
and comprehensive loss as defined by ASU 220.</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif">  </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><u>Loss
per share</u></font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
Company reports basic loss per share in accordance with ASC Topic 260 Earnings Per Share (“EPS”). Basic loss per share
is based on the weighted average number of common shares outstanding and diluted EPS is based on the weighted average number of
common shares outstanding and dilutive common stock equivalents. Basic EPS is computed by dividing net loss (numerator) applicable
to common stockholders by the weighted average number of common shares outstanding (denominator) for the period. All EPS presented
in the financial statements are basic EPS as defined by ASU 260, "<i>Earnings Per Share</i>". There are no diluted net
income/ (loss) per share on the potential exercise of the equity-based financial instruments, hence a state of anti-dilution has
occurred. All per share and per share information are adjusted retroactively to reflect stock splits and changes in par value.</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">  </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"><u>Development
Stage Company</u></font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
Company is a developmental stage company, and follows the guideline of the Financial Accounting Standards Board’s (“FASB”)
Accounting Standards Codifications (“ASC”) Topic 915 Development State Entities. All losses accumulated since inception
has been considered as part of the Company’s development stage activities.</font></p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 27pt; text-align: center; text-indent: -27pt"></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"><u>Research
and Development Costs</u></font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif">Research
and development costs are expensed as incurred. </font></p>
<p style="font: 10pt/12pt PMingLiU; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"><u>Website
Development Costs</u></font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
Company recognized the costs associated with developing a website in accordance with ASC 350-50 “Website Development Cost”
that codified the American Institute of Certified Public Accountants (“AICPA”) Statement of Position (“SOP”)
NO. 98-1, “Accounting for the Costs of Computer Software Developed or Obtained for Internal Use”. Relating to website
development costs the Company follows the guidance pursuant to the Emerging Issues Task Force (EITF) NO. 00-2, “Accounting
for Website Development Costs”. The website development costs are divided into three stages, planning, development and production.
The development stage can further be classified as application and infrastructure development, graphics development and content
development. In short, website development cost for internal use should be capitalized except content input and data conversion
costs in content development stage.</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">Costs
associated with the website consist primarily of website development costs paid to third party. These capitalized costs will be
amortized based on their estimated useful life over three years upon the website becoming operational. Internal costs related
to the development of website content will be charged to operations as incurred. Web-site development costs related to the customers
are charged to cost of sales.</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif">  </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"><u>Fair
value of financial instruments</u></font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">Fair
value estimates of financial instruments are made at a specific point in time, based on relevant information about financial markets
and specific financial instruments. As these estimates are subjective in nature, involving uncertainties and matters of significant
judgment, they cannot be determined with precision. Changes in assumptions can significantly affect estimated fair values.</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
fair value of financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and short term
note - related party, approximate their carrying values since they are short term in nature and they are receivable or payable
on demand.</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">Management
is of the opinion that the Company is exposed to significant interest or credit risks arising from the bank-held assets. The Company
is operating outside the United States of America and may have significant exposure to foreign currency risk due to the fluctuation
of the currency in which the Company operates and the U.S. dollar.</font></p>
<p style="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 0.45in; text-align: justify; text-indent: -0.45in"><font style="font: 10pt Times New Roman, Times, Serif">  </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"><u>Fair
value of financial instruments (continued)</u></font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
Company accounts for certain assets and liabilities at fair value. The hierarchy below lists three levels of fair value based
on the extent to which inputs used in measuring fair value are observable in the market. We categorize each of our fair value
measurements in one of these three levels based on the lowest level input that is significant to the fair value measurement in
its entirety. These levels are:</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td><td style="text-align: justify; padding-right: 22.7pt"><font style="font: 10pt Times New Roman, Times, Serif">Level
1—inputs
are based
upon unadjusted
quoted prices
for identical
instruments
traded in
active markets.
As of November
30, 2011,
the Company
did not have
any level
1 inputs.</font></td></tr></table>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td><td style="text-align: justify; padding-right: 22.7pt"><font style="font: 10pt Times New Roman, Times, Serif">Level
2—inputs
are based
upon quoted
prices for
similar instruments
in active
markets,
quoted prices
for identical
or similar
instruments
in markets
that are
not active,
and model-based
valuation
techniques
(e.g. the
Black-Scholes
model) for
which all
significant
inputs are
observable
in the market
or can be
corroborated
by observable
market data
for substantially
the full
term of the
assets or
liabilities.
Where applicable,
these models
project future
cash flows
and discount
the future
amounts to
a present
value using
market-based
observable
inputs including
interest
rate curves,
foreign exchange
rates, and
forward and
spot prices
for currencies
and commodities.
Our Level
2 instruments
consists
options issued
for services.
As of November
30, 2011,
the Company
did not have
any level
2 inputs.</font></td></tr></table>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td><td style="text-align: justify; padding-right: 22.7pt"><font style="font: 10pt Times New Roman, Times, Serif">Level
3—inputs
are generally
unobservable
and typically
reflect management’s
estimates
of assumptions
that market
participants
would use
in pricing
the asset
or liability.
The fair
values are
therefore
determined
using model-based
techniques,
including
option pricing
models and
discounted
cash flow
models. As
of November
30, 2011,
the company
did not have
any level
3 inputs.</font></td></tr></table>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
carrying values of cash, accounts payable and loan payable approximate fair value because of the short-term nature of these instruments.
Management is of the opinion that the Company is not exposed to significant interest or credit risks arising from these financial
instruments.</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">  </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"><u>Concentration
of credit risk</u></font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">The
Company places its cash and cash equivalents with a high credit quality financial institution. The Company maintains United States
Dollars at a bank in the Switzerland that are not insured. The Company minimizes its credit risks associated with cash by periodically
evaluating the credit quality of its primary financial institution.</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif">  </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"><u>Recently
issued accounting pronouncements</u></font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">In
May 2011, the FASB issued ASU 2011-04 which is intended to consistent with the Memorandum of Understanding and the Boards’
commitment published in 2006 to achieving that goal, the amendments in this Update are the result of the work by the FASB and
the IASB to develop common requirements for measuring fair value and for disclosing information about fair value measurements
in accordance with U.S. generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRSs).
The Boards worked together to ensure that fair value has the same meaning in U.S. GAAP and in IFRSs and that their respective
fair value measurement and disclosure requirements are the same (except for minor differences in wording and style). The Boards
concluded that the amendments in this Update will improve the comparability of fair value measurements presented and disclosed
in financial statements prepared in accordance with U.S. GAAP and IFRSs. The amendments in this Update explain how to measure
fair value. They do not require additional fair value measurements and are not intended to establish valuation standards or affect
valuation practices outside of financial reporting.</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font: 10pt Times New Roman, Times, Serif">In
June 2011, the FASB issued ASU 2011-05 which is intended to improve the comparability, consistency, and transparency of financial
reporting and to increase the prominence of items reported in other comprehensive income. To increase the prominence of items
reported in other comprehensive income and to facilitate convergence of U.S. generally accepted accounting principles (GAAP) and
International Financial Reporting Standards (IFRS), the FASB decided to eliminate the option to present components of other comprehensive
income as part of the statement of changes in stockholders’ equity, among other amendments in this Update. The amendments
require that all non-owner changes in stockholders’ equity be presented either in a single continuous statement of comprehensive
income or in two separate but consecutive statements. In the two-statement approach, the first statement should present total
net income and its components followed consecutively by a second statement that should present total other comprehensive income,
the components of other comprehensive income, and the total of comprehensive income.</font></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 27pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>5.</b></font></td><td style="text-align: justify; padding-right: 22.7pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accrued
expenses</b></font></td></tr></table>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif">Accrued
expenses as of November 30, 2011 are summarized as follows:</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 0.75in; text-align: justify; text-indent: -27pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>
<table cellspacing="0" cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td nowrap="nowrap" style="padding-right: 22.7pt; padding-left: 27pt; text-align: justify; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 22.7pt; padding-left: 0.3in; text-align: right; text-justify: inter-ideograph; text-indent: -0.3in; line-height: 12pt; font-size: 8pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td colspan="2" style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt; font-style: italic; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif">November
30, 2011</font></td>
<td style="padding-right: 22.7pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt; font-style: italic; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td colspan="2" style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt; font-style: italic; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif">May
31, 2011</font></td></tr>
<tr style="vertical-align: bottom">
<td nowrap="nowrap" style="padding-right: 22.7pt; padding-left: 27pt; text-align: justify; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 22.7pt; padding-left: 0.3in; text-align: right; text-justify: inter-ideograph; text-indent: -0.3in; line-height: 12pt; font-size: 8pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td colspan="2" style="border-bottom: windowtext 1pt solid; padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt; font-style: italic; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif">(unaudited)</font></td>
<td style="padding-right: 22.7pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt; font-style: italic; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td colspan="2" style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt; font-style: italic; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif">(audited)</font></td></tr>
<tr style="vertical-align: bottom">
<td nowrap="nowrap" style="width: 57%; padding-right: 22.7pt; padding-left: 27pt; text-align: justify; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 1%; padding-right: 22.7pt; padding-left: 0.3in; text-align: right; text-justify: inter-ideograph; text-indent: -0.3in; line-height: 12pt; font-size: 8pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 4%; padding-right: 3pt; padding-left: 0.3in; text-align: right; text-justify: inter-ideograph; text-indent: -0.3in; line-height: 12pt; font-size: 8pt; font-style: italic; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 17%; border-top: windowtext 1pt solid; padding-right: 3pt; padding-left: 0.3in; text-align: right; text-justify: inter-ideograph; text-indent: -0.3in; line-height: 12pt; font-size: 8pt; font-style: italic; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 2%; padding-right: 9pt; padding-left: 0.3in; text-align: right; text-justify: inter-ideograph; text-indent: -0.3in; line-height: 12pt; font-size: 8pt; font-style: italic; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 3%; border-top: windowtext 1pt solid; padding-right: 3pt; padding-left: 0.3in; text-align: right; text-justify: inter-ideograph; text-indent: -0.3in; line-height: 12pt; font-size: 8pt; font-style: italic; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="width: 16%; border-top: windowtext 1pt solid; padding-right: 3pt; padding-left: 0.3in; text-align: right; text-justify: inter-ideograph; text-indent: -0.3in; line-height: 12pt; font-size: 8pt; font-style: italic; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr>
<tr style="vertical-align: bottom">
<td nowrap="nowrap" style="padding-right: 22.7pt; padding-left: 27pt; text-align: justify; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 22.7pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 9pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr>
<tr style="vertical-align: bottom">
<td nowrap="nowrap" style="padding-right: 22.7pt; padding-left: 16pt; text-align: justify; text-justify: inter-ideograph; text-indent: -13.5pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">Accrued
audit fee</font></td>
<td style="padding-right: 22.7pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">3,000</font></td>
<td style="padding-right: 9pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">10,000</font></td></tr>
<tr style="vertical-align: bottom">
<td nowrap="nowrap" style="padding-right: 22.7pt; padding-left: 14.6pt; text-align: justify; text-justify: inter-ideograph; text-indent: -13.5pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">Accrued
accounting fee</font></td>
<td style="padding-right: 22.7pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">575</font></td>
<td style="padding-right: 9pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">2,150</font></td></tr>
<tr style="vertical-align: bottom">
<td nowrap="nowrap" style="padding-right: 22.7pt; padding-left: 14.45pt; text-align: justify; text-justify: inter-ideograph; text-indent: -13.5pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">Accrued
formation fee</font></td>
<td style="padding-right: 22.7pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">2,916</font></td>
<td style="padding-right: 9pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">2,916</font></td></tr>
<tr style="vertical-align: bottom">
<td nowrap="nowrap" style="padding-right: 22.7pt; padding-left: 14.35pt; text-align: justify; text-justify: inter-ideograph; text-indent: -13.5pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">Accrued
office expenses</font></td>
<td style="padding-right: 22.7pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">1,259</font></td>
<td style="padding-right: 9pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">559</font></td></tr>
<tr style="vertical-align: bottom">
<td nowrap="nowrap" style="padding-right: 22.7pt; padding-left: 27pt; text-align: justify; text-justify: inter-ideograph; text-indent: 0.6pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 22.7pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="border-top: windowtext 1pt solid; padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 9pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="border-top: windowtext 1pt solid; padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr>
<tr style="vertical-align: bottom">
<td nowrap="nowrap" style="padding-right: 22.7pt; padding-left: 14.45pt; text-align: justify; text-justify: inter-ideograph; text-indent: -13.5pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td>
<td style="padding-right: 22.7pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
<td style="border-bottom: windowtext 1.5pt double; padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">7,750</font></td>
<td style="padding-right: 9pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td>
<td style="padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
<td style="border-bottom: windowtext 2.25pt double; padding-right: 3pt; padding-left: 27pt; text-align: right; text-justify: inter-ideograph; text-indent: -27pt; line-height: 12pt"><font style="font: 10pt Times New Roman, Times, Serif">15,625</font></td></tr>
</table>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"><font style="font-family: Times New Roman, Times, Serif"> </font></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 27pt"><font style="font-family: Times New Roman, Times, Serif"><b>6.</b></font></td><td style="text-align: justify; padding-right: 22.7pt"><font style="font-family: Times New Roman, Times, Serif"><b>Common
stock</b></font></td></tr></table>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: -27pt"><font style="font-family: Times New Roman, Times, Serif"> </font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif">During
the six months ended November 30, 2011, no shares of common stock were sold. There were a total of 7,000,000 common stock issued
and outstanding as of November 30, 2011. There were no warrants or stock options outstanding as of November 30, 2011.</font></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"><font style="font-family: Times New Roman, Times, Serif"> </font></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt/13pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 27pt"><font style="font-family: Times New Roman, Times, Serif"><b>7.</b></font></td><td style="text-align: justify; padding-right: 22.7pt"><font style="font-family: Times New Roman, Times, Serif"><b>Notes
payable</b></font></td></tr></table>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 22.7pt 0 27pt; text-align: justify; text-indent: -27pt"><font style="font-family: Times New Roman, Times, Serif"><b> </b></font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 19.7pt 0 27pt; text-align: justify; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif">During
the period ended November 30, 2011, 2 promissory notes were entered. The promissory notes are unsecured, bear interest at 8% per
annum and are due on demand.</font></p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 27pt; text-align: justify; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif">  </font></p>
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom">
<td colspan="3" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Date</td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="3" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Principal</td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="3" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Interest</td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="3" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total</td></tr>
<tr style="vertical-align: bottom">
<td style="width: 1%; text-align: left"> </td><td style="width: 20%; text-align: right"><font style="font-family: Times New Roman, Times, Serif">October 6, 2010</font></td><td style="width: 1%; text-align: left"> </td><td style="width: 5%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 19%; text-align: right">3,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 5%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 19%; text-align: right">277</td><td style="width: 1%; text-align: left"> </td><td style="width: 5%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 19%; text-align: right">3,277</td><td style="width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom">
<td style="text-align: left"> </td><td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif">February 22, 2011</font></td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">1,500</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">92</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">1,592</td><td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom">
<td style="text-align: left"> </td><td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif">May 17, 2011</font></td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">7,500</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">324</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">7,824</td><td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom">
<td style="text-align: left"> </td><td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif">September 16, 2011</font></td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">5,000</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">82</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">5,082</td><td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-family: Times New Roman, Times, Serif">November 4, 2011</font></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">29</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5,029</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr>
<tr style="vertical-align: bottom">
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><font style="font-family: Times New Roman, Times, Serif">Total</font></td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">22,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">804</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">22,804</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr>
</table>
<p style="margin: 0pt"></p>
Q2