NOTE 11. SUBSEQUENT EVENTS
On September 3, 2012, the Company incorporated a newly formed a
wholly-owned subsidiary, named YEVN JAPAN, Inc., in Japan. The Companys management formed this subsidiary in order to facilitate
the future business operations in Japan. The proposed focus of this new subsidiary is to plan, operate and administer major events
in Japan, not limited to conducting public exhibitions.
On September 27, 2012, the Company entered into a stock option agreement
(the Stock Option Agreement) with a representative of the Companys shareholders. Pursuant to the terms of
the Stock Option Agreement, the Company was granted a stock option to acquire from the shareholders a total of 960,000 shares of
the common stock of the Company at the exercise price of $0.25 per share.
On September 28, 2012, the Company entered into an assignment agreement
(the Assignment Agreement with the two directors, Gaku Uehara, President and Director, and Masatoshi Suga, Chief
Financial Officer and Director. Pursuant to the terms of the Assignment Agreement, the two directors were assigned the Stock Option
Agreement to purchase a total of 960,000 shares of the Companys common stock. The two directors exercised the options to
purchase 440,000 shares of common stock (220,000 shares each) on October 29, 2012 and 520,000 shares of common stock (260,000 shares
each) on November 29, 2012.
On October 12, 2012, the Company moved
its corporate headquarters from Intex Bldg. 2F, 2-7-11 Nishi Gotanda, Shinagawa-Ward, Tokyo,
Japan 141-0031 to 1601 Pacific Coast Highway Suite 250, Hermosa Beach, CA 90254. California
is where the new business opportunity lies and the Company will try to establish and grow its business there.
On October 18, 2012, the Company entered into a consulting agreement
(the Consulting Agreement) with Tsukamoto and Associates. The Consulting Agreement provides that Tsukamoto and Associates,
a Japanese based-company, make business introductions and provide consulting services to the Company. For their services, Tsukamoto
and Associates shall be entitled to thirty-five (35) percent of profits after tax for the business generated by the Company as
a result of the consulting services provided.
On October 18, 2012, Million Win Investments (HK) Limited transferred
1,651,007 shares it owned to its affiliated company, Billion Sino (ASIA) Limited (Billion Sino) for $82,550 in a
On November 27, 2012, Masaya Konishi, CEO and Director of the Company,
transferred 80,000 shares, 60,000 shares, and 60,000 shares of common stock to June Tsukamoto, Chairperson, Kioko Tsukamoto, and
Junko Top, the daughters of June Tsukamoto, respectively, at free of charge in a private transaction.