NOTE 7 – COMMON
On August 6, 2010, the Company
approved a resolution to forward split the common shares of the Company on the basis of six new shares for one existing common
stock held thereby increasing the issued and outstanding share capital to 60,000,000 post split common shares with a par value
of $0.001 per share. On October 31, 2011, certain shareholders, including two executive officers, surrendered, in aggregate, 30,000,000
shares of the Company’s common stock for cancellation. On November 17, 2011, an additional 1,000,000 shares
were surrendered for cancellation. As at January 31, 2012, 29,000,000 post split common shares were issued and
outstanding. The post split common shares are shown as split from the date of inception.
On November 4, 2011, the Board
of Directors reduced the par value of the common shares from $0.006 to $0.001 per shares.