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EXCEL - IDEA: XBRL DOCUMENT - Your Event, Inc.Financial_Report.xls
10-K - Your Event, Inc.ayevn10k.htm
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EX-32.1 - SECTION 906 CERTIFICATION - Your Event, Inc.ex321sec906.htm
EX-31.1 - SECTION 302 CERTIFICATION - Your Event, Inc.ex311sec302.htm
EX-31.2 - SECTION 302 CERTIFICATION - Your Event, Inc.ex312sec302.htm
EX-32.2 - SECTION 906 CERTIFICATION - Your Event, Inc.ex322sec906.htm
EX-23.1 - CONSENT OF AUDITOR - Your Event, Inc.ex231consent.htm
v2.4.0.6
Subsequent Events
12 Months Ended
Aug. 31, 2012
Notes to Financial Statements  
Subsequent Events

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 Company’s 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 Company’s 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 Company’s 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 private transaction.

 

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.