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&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0"&gt;As December 31, 2012, the Company currently has related party advances
of $47,015 due to a major shareholder, for operating expenses paid on the Company&amp;#146;s behalf. The related party advances bear
an interest rate of 8%, is unsecured and is payable upon demand. &amp;#160;We have accrued $12,324 in interest to IACE since emerging
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Reference 9: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Statement of Financial Accounting Standard (FAS)

 -Number 57

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 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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