As described above, on April 21,
2011, the Company sold 3,000,000 shares of its $0.001 common stock to three officers and directors of the Company for $3,000 in
The officers and directors of
the Company are involved in other business activities and may, in the future, become involved in other business opportunities
that become available. They may face a conflict in selecting between the Company and other business interests. The Company has
not formulated a policy for the resolution of such conflicts.
The Company has been provided office space by a member of the Board
of Directors at no cost. The management determined that such cost is nominal and did not recognize the rent expense in its financial
The Company does not own
or lease property or lease office space. The office space used by the Company was arranged by the founder of the Company to use
at no charge.
The above amount is not
necessarily indicative of the amount that would have been incurred had a comparable transaction been entered into with independent