NOTE 5 - COMMITMENTS AND CONTINGENCIES
The Company may from time to time be
involved in legal proceedings arising from the normal course of business. There are no pending or threatened legal proceedings
as of July 31, 2012.
On March 1, 2012, we entered into a consulting agreement
with Peter Gawith for a period of three years, ending February 28, 2015. Mr. Gawith will provide consulting services in regards
to our Companys management and operations. Pursuant to the agreement, Mr. Gawith will receive a share remuneration of 25,000
shares on a quarterly basis during the term of the agreement. Effective September 1, 2012, we issued 25,000 shares of common stock
for the services provided for the three month quarter. The Company recorded the shares at the market price on the issue date of
$0.09 for a total consulting expense of $2,250. Mr. Gawith is also entitled to $500 per day that he works on the Companys
business. No amounts have been earned or paid pursuant to this contract.