Related Party Transactions

6 Months Ended

Sep. 30, 2011

Related Party Transactions

Note 7 - Related Party Transactions

The Company utilizes the office space and equipment of its management at no cost.

During the year ended March 31, 2011, professional fees in the amount of $8,735 were paid on behalf of the Company by Sunrise Securities Corp. (“Sunrise”). During the six months ended September 30, 2011, Sunrise paid additional professional fees on behalf of the Company in the amount of $5,000. The President of Sunrise was the Company’s former President and sole stockholder. As of September 30, 2011, the outstanding balance of $13,735 is reported as loans payable – related party. The amount is unsecured, non-interest bearing and has no stipulated repayment terms.

During the six months ended September 30, 2011 the Company received $4,200 from Putnam Hills Corp., whose sole stockholder is NLBDIT 2010 Services LLC. As of September 30, 2011, the outstanding balance of $4,200 is reported as loans payable - related party. The amount is unsecured, non-interest bearing and has no stipulated repayment terms.

On May 26, 2011, the former President resigned and the related subscription for common stock was cancelled. On May 26, 2011, NLBDIT 2010 Services, LLC, a company controlled by the former President, subscribed for five million (5,000,000) shares of common stock for $25,000.

On June 3, 2011, the Company issued a Promissory Note payable (the “Note”) to NLBDIT 2010 Enterprises, LLC, an entity controlled by the Company’s sole stockholder.  The Note bears interest at 6% and is payable upon completion of a business combination with a private company in a reverse merger or other transaction after which the Company would cease to be a shell company.  At September 30, 2011 the outstanding balance of $5,000 is reported as note payable – related party.