COMMITMENTS AND CONTRACTUAL OBLIGATIONS

6 Months Ended

Jun. 30, 2011

Commitments And Contractual Obligations

Note 10.COMMITMENTS AND CONTRACTUAL OBLIGATIONS

a)   Strategic Business Services Agreement   On April 25, 2011 the Company entered into an agreement with NBN Enterprises, Inc. (“NBN”), through to May 1, 2013, whereby NBN will provide strategic business services to the Company and will pay the cost of outside legal counsel who will advise the Company on securities, corporate and contract matters.  The agreement provides for compensation to NBN in the form of issuance of restricted Company common stock equal to 5% of outstanding shares, with anti dilution protection through the issuance of additional shares through the term and for the succeeding 12 months, and a non accountable expense allowance of $3,500 per month.  Under this agreement, on April 25, 2011, the Company issued 1,000,000 shares of common stock, having a fair value of $120,000.

b)   Forward Stock Split and Authorized Capital Stock   On May 5, 2011, shareholders of the Company approved the following:

(1)   To forward split all outstanding shares of the Corporation’s common stock on a 3 for 1 basis.

(2)   To reset authorized capital stock at 500,000,000 shares, of which 300,000,000 shares shall be Common stock, par value $0.0001, and 200,000,000 shares shall be preferred stock, par value $0.0001, and to give the Board of Directors the power to fix by resolution the rights, preferences and privileges of preferred stock; and

(3)   To amend the Company’s Articles of Incorporation to change the Company’s name to “Dynamic Energy Alliance Corporation”

The Company is in the process of effectuating these amendments, which are anticipated to take effect in August 2011.

c)   Line of Credit   As of June 30, 2011, a related party (the “Lender”) paid $34,584 on behalf of the Company for corporate expenses.  On July 9, 2011, this arrangement was formalized by Board of Directors approval and corporate execution of a revolving line of credit with the Lender, whereby, the Lender established, for a period extending to December 31, 2011, a revolving line of credit for the Company in the principal amount of $100,000, bearing interest at 15% per annum, with advances to be requested in writing by Company on dates and in amounts up to the credit limit, and in the case of each advance, to be made only upon approval and disbursement by the Lender, at his sole discretion.