NOTE SHAREHOLDER LOAN/RELATED PARTY
the six months ended September 30, 2012, the shareholders of the Company paid an aggregate of $14,027 on the Companys behalf
to cover costs and expenses incurred by the Company. As a result, the payable due to shareholder is $48,408 and $33,880 as of
September 30, 2012 and March 31, 2012, respectively.
Company has an outstanding Note Payable with a related party. The amount of the loan is $9,150 and it is payable on demand. The
annual interest rate on the note is 8%.
interest not paid for the period from inception (December 3, 2007) through September 30, 2012 was $3,477.
Company utilizes office space provided free of charge by Mr. Cauley. The Company will continue to maintain its offices at
this location until the consummation of a Business Combination, if ever. The effects of rent expense are immaterial to the
financial statements taken as a whole.