As of June 30, 2012 the Company received $1,287
in net loan proceeds from two unrelated parties who are business acquaintances of our shareholder and founder in order to fund
working capital expenses. The Company received a total of $15,552 during the year ended June 30, 2012 of which the Company repaid
$14,265 to these unrelated parties. These loans are unsecured and carry no interest rate or repayment terms.