On March 1, 2000, the Company executed
a month-to-month agreement to sub-lease office space and share office equipment and a bookkeepers time for $900 a month
from R. D. Garwood, Inc. (Garwood). The Companys President/Treasurer/Secretary is the Chief Financial
Officer of Garwood. During the year ended August 31, 2011, the Company was given two months of free rent. The
Companys expense for these shared facilities and bookkeeping services was $10,800 and 9,000 for the years ended August 31,
2012 and 2011, respectively.
As of August 31, 2012, accounts payable
and accrued expenses include $13,500 for rent and $30,000 for officers salary. As of August 31, 2011, accounts
payable and accrued expenses include $2,700 for rent and $5,000 for officers salary.
During the year ended August 31, 2012,
the Company paid $2,000 to Donehew Capital, LLC for income tax preparation. The Companys President/Treasurer/Secretary
is the CEO of Donehew Capital, LLC.