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Delaware
1998-05-27
25064
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'><b>1. Nature of Operations and Continuation of Business</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>Canyon Gold Corp. (the "Company ") was incorporated in the State of Delaware on May 27, 1998 as Mayne International Ltd.  On September 5, 2000, the Company changed its name to Black Dragon Entertainment, Inc.  On July 31, 2002, the Company changed its name to Vita Biotech Corporation.  On May 27, 2004, the Company changed its name to August Energy Corp. and, subsequently on April 17, 2011, the Company changed its name to Canyon Gold Corp.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>On July 20, 2011, the Company acquired 100% of the issued shares of Long Canyon Gold Resources Corp. (“Long Canyon”), a private British Columbia, Canada Corporation, incorporated on June 19, 2008, in a share for share exchange for a total of 27,998,699 common shares and 500,000 Series B preferred shares to be issued by the Company to the shareholders of Long Canyon.  The Share Exchange was accounted for as a reverse acquisition and recapitalization and as a result, the consolidated financial statements of the Company (the legal acquirer) are, in substance, those of Long Canyon Gold Resources Corp. (the accounting acquirer), with the assets and liabilities, and revenue and expenses, of the Company being included effective from the date of the Share Exchange.  As the Share Exchange was accounted for as a reverse acquisition and recapitalization, there was no gain or loss recognized on the transaction.  The historical financial statements for periods prior to the Share Exchange are those of Long Canyon Gold Resources Corp. except that the equity section and earnings per share have been retroactively restated to reflect the Share Exchange.  As a result of the Share Exchange, the Company continues its’ mineral exploration activities.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'><b>Going Concern</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America applicable to a going concern.  Through October 31, 2014, the Company has no revenues, has accumulated losses of $1,474,565 since inception on June 19, 2008 and a working capital deficit of $798,838 and expects to incur further losses in the development of its business, all of which cast substantial doubt about the Company’s ability to continue as a going concern.  Management plans to continue to provide for the Company's capital needs during the year ending April 30, 2015 by issuing debt and equity securities and by the continued support of its related parties (see Note 4).  The condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue in existence.  There is no assurance that funding will be available to continue the Company’s business operations.</p>
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'><b><font lang="EN-CA">2. Basis of Presentation</font></b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States.  The Company’s fiscal year end is April 30.  These condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Long Canyon.  All inter-company transactions and balances have been eliminated.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>The interim condensed consolidated financial statements have been prepared without audit in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Securities and Exchange Commission (“SEC”) Form 10-Q.  They do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements.  Therefore, these unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended April 30, 2014 included in its Annual Report on Form 10-K filed with the SEC. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>The interim condensed consolidated financial statements included herein are unaudited; however, they contain all normal recurring accruals and adjustments that, in the opinion of management, are necessary to present fairly the Company’s consolidated financial position as of October 31, 2014, the consolidated results of its operations for the three months and six months ended October 31, 2014 and 2013, and its consolidated cash flows for the six months ended October 31, 2014 and 2013.  The results of operations for the three months and six months ended October 31, 2014 are not necessarily indicative of the results to be expected for future quarters or the full year ending April 30, 2015.</p>
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><b><font lang="EN-CA">3. Mineral Claims</font></b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><font lang="EN-CA">On April 7, 2014, the Company, on behalf of its wholly owned subsidiary, Long Canyon, executed an agreement with EMAC Handels AG (“EMAC”), the majority shareholder of the Company at the date of the agreement and a related party, to acquire a 100% interest in 180 mineral lease claims in the Long Canyon Trend area of Elko County, Nevada.  The Company issued 12,000,000 restricted shares of its common stock to EMAC valued at $240,000, the historical cost basis of the mineral properties to EMAC.  This amount has been recorded as mineral claims, a non-current asset in the Company’s consolidated balance sheets.</font></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>On March 12, 2011, the Company’s wholly owned subsidiary, Long Canyon, acquired a 100% interest in 30 mineral claims located in the State of Nevada for $37,820.  This amount has been recorded as mineral claims, a non-current asset in the Company’s condensed consolidated balance sheets.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>On March 19, 2011, the Company acquired a 100% interest in 15 of the mineral claims acquired by Long Canyon for $17,830 consisting of $17,770 in cash and a payable of $60.  On July 22, 2011, that payable was satisfied with the issuance of 600,000 shares of Series A Preferred Stock at $0.0001 per share issued to a related party of Long Canyon.  </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>As of October 31, 2014, the Company has accrued $6,600 for government and claim fees relating to the 30 mineral claims owned by the Company for the twelve months beginning September 1, 2014.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>The Company is committed to pay a 3% Net Smelter Royalty on all the claims acquired by Long Canyon.</p>
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><b><font lang="EN-CA">4. Related Party Transactions and Balances</font></b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>Management and administrative services are compensated as per a Service Agreement between the Company and its Chief Executive Officer executed on April 30, 2011, a Service Agreement between the Company and its former Chief Executive Officer executed on December 6, 2012, and an Administration Agreement with a related party executed on March 15, 2011, whereby the fee is based on services provided and invoiced by the related parties on a monthly basis and the fees are paid in cash when possible or with common stock.  The Company also, from time to time, has some of its expenses paid by related parties with the intent to repay.  These types of transactions, when incurred, result in payables to related parties in the Company’s consolidated financial statements as a necessary part of funding the Company’s operations.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>On May 15, 2011, the Company entered into an agreement with a related party wherein the Company has the option to acquire 100% interest in an additional 275 mineral claims located in the same areas in Nevada as the mineral claims previously acquired.  The related party shall hold a 2% Net Smelter Royalty on these claims.  As of October 31, 2014, the option had not been exercised.  The Company and the related party have from time to time entered into extension agreements and the option has currently been extended to December 31, 2014.  Consideration for this acquisition is to be $900,000 cash.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>As of October 31, 2014 and April 30, 2014, the Company had payable balances due to related parties totaling $310,428 and $399,905, respectively, which resulted from transactions with significant shareholders.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>Convertible notes payable – related parties consisted of the following at:</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> <table border="0" cellspacing="0" cellpadding="0" width="552" style='width:5.75in;margin-left:.45in;border-collapse:collapse'> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none'>            </p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>October 31, 2014</b></p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>April 30, 2014</b></p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:12.6pt;text-align:left;text-indent:-12.6pt'> </p> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable to related party, no interest, convertible into common stock of the Company at $0.10 per share, imputed interest at 9% per annum</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> $           25,000</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> $           25,000</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable to related party, no interest, convertible into common stock of the Company at $0.10 per share, imputed interest at 9% per annum</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> -</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 101,000</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable to related party, no interest, convertible into common stock of the Company at $0.10 per share, imputed interest at 9% per annum</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> -</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 30,000</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none'> </p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> </p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none'> </p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'>$           25,000</p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'>$         156,000</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>On May 4, 2014, the Company issued 1,507,080 shares of its common stock in the conversion of the $101,000 convertible note payable - related party and accrued interest payable – related party of $49,708.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>On May 4, 2014, the Company issued 600,000 shares of its common stock in the conversion of the $30,000 convertible note payable – related party.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>All convertible notes payable – related parties were convertible 30 days from the first day the Company’s common shares are qualified for trading on the OTC Bulletin Board, which occurred in November 2012.  As of October 31, 2014, the remaining convertible note payable – related party of $25,000 had not been converted and therefore is in default.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>Historically, there has been no determinable and active market value for the Company’s common stock. Accordingly, no beneficial conversion feature or derivative liabilities were determinable or have been recognized related to the Company’s convertible notes payable – related parties.  These convertible features will be evaluated in subsequent periods for fair value determination.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Notes payable – related parties, all of which are in default, consisted of the following at:</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> <table border="0" cellspacing="0" cellpadding="0" width="552" style='width:5.75in;margin-left:.45in;border-collapse:collapse'> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none'>            </p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>October 31, 2014</b></p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>April 30, 2014</b></p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;text-align:left'> </p> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable to related party, with interest at 6% per annum, due September 15, 2013</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> $           24,656</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> $           24,656</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable to related party, with interest at 6% per annum, due March 8, 2014</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 7,500</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 7,500</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable to related party, with interest at 6% per annum, due December 5, 2013</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 47,500</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 47,500</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none'> </p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> </p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none'> </p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'>$           79,656</p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'>$           79,656</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>Accrued interest payable – related parties was $7,905 and $50,613 at October 31, 2014 and April 30, 2014, respectively.</p>
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><b><font lang="EN-CA">5. Convertible Notes Payable</font></b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Convertible notes payable consisted of the following at:</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> <table border="0" cellspacing="0" cellpadding="0" width="552" style='width:5.75in;margin-left:.45in;border-collapse:collapse'> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none'>            </p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>October 31, 2014</b></p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>April 30, 2014</b></p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;text-align:left'> </p> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable, no interest, convertible into common stock of the Company at $0.125 per share, imputed interest at 9% per annum</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> $                    -</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> $         100,000</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-9.0pt'>Note payable, with interest at 6% per annum, convertible into common stock of the Company at $0.05 per share</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> -</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 25,010</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable, no interest, convertible into common stock of the Company at $0.05 per share </p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 11,000</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 36,000</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable, no interest, convertible into common stock of the Company at $0.10 per share 90 days from demand</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 141,150</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 141,150</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable, no interest, convertible into common stock of the Company at $0.10 per share on a quarterly basis</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 14,500</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> -</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable to institutional investor, with interest at 8% per annum, convertible into common stock of the Company at defined conversion price, maturing on November 18, 2014</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 30,500</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 42,500</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;text-align:left'>Other, with interest at 6% per annum</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'>9,000</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'>9,000</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;text-align:left'>Less discount</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(1,975)</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(30,881)</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none'> </p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> </p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none'> </p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'>$         204,175</p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'>$         322,779</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>On May 4, 2014, the Company issued 800,000 shares of its common stock in the conversion of the $100,000 convertible note payable.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>On May 4, 2014, the Company issued 1,000,000 shares of its common stock in the conversion of the $25,010 convertible note payable, $25,000 of the $36,000 convertible note payable, $2,406 in accrued interest payable, recognizing a gain on settlement of debt of $2,416.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>The $11,000 and $141,150 convertible notes payable outstanding at October 31, 2014 were convertible 30 days from the first day the Company’s common shares are qualified for trading on the OTC Bulletin Board, which occurred in November 2012.  As of October 31, 2014, these two convertible notes had not been converted and therefore are in default.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'>On February 13, 2014, the Company entered into a convertible promissory note with an institutional investor (“Investor”) for $42,500, which bears interest at an annual rate of 8% and matures on November 18, 2014.  The Investor has the right, after the first 180 days of the note, to convert the note and accrued interest in whole or in part into shares of the common stock of the Company at a price per share equal to 58% (representing a discount rate of 42%) of the average of the lowest three trading prices for the Company’s common stock during the ten trading day period ending one trading day prior to the date of the conversion notice.  At any time for the period beginning on the date of the note and ending on the date which is 30 days following the date of the note, the Company may prepay the note upon payment of an amount equal to the outstanding principal multiplied by 120%, together with accrued and unpaid interest.  The amount of the prepayment increases every subsequent 30 days to 125%, 130%, 135%, 140% and 145% of the outstanding principal together with accrued and unpaid interest.  After the expiration of 180 days following the date of the note, the Company will have no right of prepayment.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>At the inception of the convertible note to institutional investor, the Company recorded debt issuance costs of $2,500 in prepaid expenses, a debt discount of $42,500 and a derivative liability of $52,962 related to the conversion feature.  Interest expense for the amortization of the debt discount is calculated on a straight-line basis over the life of the convertible note. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>On August 21, 2014, the Company issued 68,966 shares of its common stock in the conversion of $12,000 principal of the convertible note payable to institutional investor.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>During the six months ended October 31, 2014, we had the following activity in the accounts related to the convertible note to institutional investor:</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:41.4pt;border-collapse:collapse'> <tr align="left"> <td width="304" valign="top" style='width:228.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> <td width="86" valign="top" style='width:64.3pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b> Derivative Liability</b></p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b> Debt Discount</b></p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Gain on Derivative Liability</b></p> </td> </tr> <tr align="left"> <td width="304" valign="top" style='width:228.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> <td width="86" valign="top" style='width:64.3pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> </tr> <tr align="left"> <td width="304" valign="top" style='width:228.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Balance at April 30, 2014</p> </td> <td width="86" valign="top" style='width:64.3pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$      63,359</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$     30,881</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$               -</p> </td> </tr> <tr align="left"> <td width="304" valign="top" style='width:228.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Gain on derivative liability </p> </td> <td width="86" valign="top" style='width:64.3pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.05in;text-align:right'>(15,046)</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>15,046</p> </td> </tr> <tr align="left"> <td width="304" valign="top" style='width:228.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Conversion of debt to shares of common stock</p> </td> <td width="86" valign="top" style='width:64.3pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.05in;text-align:right'>(24,585)</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.05in;text-align:right'>(3,842)</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="304" valign="top" style='width:228.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Amortization of debt discount to interest expense</p> </td> <td width="86" valign="top" style='width:64.3pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.05in;text-align:right'>(25,064)</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p> </td> </tr> <tr align="left"> <td width="304" valign="top" style='width:228.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> <td width="86" valign="top" style='width:64.3pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="304" valign="top" style='width:228.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Balance at October 31, 2014</p> </td> <td width="86" valign="top" style='width:64.3pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$      23,728</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$     1,975</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$     15,046</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>The estimated fair value of the derivative liability at October 31, 2014 was calculated using the Black-Scholes pricing model with the following assumptions:</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-indent:.5in'> </p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:41.4pt;border-collapse:collapse'> <tr align="left"> <td width="306" valign="top" style='width:229.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> </tr> <tr align="left"> <td width="306" valign="top" style='width:229.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Risk-free interest rate</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>0.01%</p> </td> </tr> <tr align="left"> <td width="306" valign="top" style='width:229.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Expected life in years</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>0.05</p> </td> </tr> <tr align="left"> <td width="306" valign="top" style='width:229.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Dividend yield</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>0%</p> </td> </tr> <tr align="left"> <td width="306" valign="top" style='width:229.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Expected volatility</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>100.62%</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-indent:.5in'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>Accrued interest payable was $2,909 and $3,501 at October 31, 2014 and April 30, 2014, respectively.</p>
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'><b>6. Financial Instruments</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>Pursuant to ASC 820, <i>Fair Value Measurements and Disclosures </i>and ASC 825, <i>Financial Instruments, </i>an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value using a hierarchy based on the level of independent, objective evidence when measuring fair value using a hierarch based on the level of independent, objective evidence surrounding the inputs used to measure fair value.  A financial instrument’s categorization with the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement.  The hierarchy prioritized the inputs into three levels that may be used to measure fair value:</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'><i>Level 1</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'><i>Level 2</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in markets that are not active.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'><i>Level 3</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>As of October 31, 2014, the Company believes the amounts reported for cash, payables, accrued liabilities and amounts due to related parties approximate their fair values due to the nature or duration of these instruments.  In addition, the fair value of certain of the Company’s convertible notes was not determinable since there has been no current market value for the Company’s common stock.  Accordingly, no beneficial conversion feature or derivative liabilities were determinable or have been recognized related to these convertible notes payable.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>The convertible note payable to an institutional investor entered into in February 2014 and related derivative liability are measured at fair value on a recurring basis and estimated as follows at October 31, 2014:</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr align="left"> <td width="177" valign="top" style='width:133.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p> </td> <td width="104" valign="top" style='width:77.95pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Total</b></p> </td> <td width="113" valign="top" style='width:85.05pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Level 1</b></p> </td> <td width="116" valign="top" style='width:87.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Level 2</b></p> </td> <td width="111" valign="top" style='width:83.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Level 3</b></p> </td> </tr> <tr align="left"> <td width="177" valign="top" style='width:133.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p> </td> <td width="104" valign="top" style='width:77.95pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> <td width="113" valign="top" style='width:85.05pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> <td width="116" valign="top" style='width:87.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> <td width="111" valign="top" style='width:83.1pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="177" valign="top" style='width:133.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Derivative liability</p> </td> <td width="104" valign="top" style='width:77.95pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$           23,728</p> </td> <td width="113" valign="top" style='width:85.05pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$                       -</p> </td> <td width="116" valign="top" style='width:87.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$                        -</p> </td> <td width="111" valign="top" style='width:83.1pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$           23,728</p> </td> </tr> <tr align="left"> <td width="177" valign="top" style='width:133.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Convertible notes payable</p> </td> <td width="104" valign="top" style='width:77.95pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>30,500</p> </td> <td width="113" valign="top" style='width:85.05pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p> </td> <td width="116" valign="top" style='width:87.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p> </td> <td width="111" valign="top" style='width:83.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>30,500</p> </td> </tr> <tr align="left"> <td width="177" valign="top" style='width:133.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> <td width="104" valign="top" style='width:77.95pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> <td width="113" valign="top" style='width:85.05pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> <td width="116" valign="top" style='width:87.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> <td width="111" valign="top" style='width:83.1pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="177" valign="top" style='width:133.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Total liabilities measured    at fair value</p> </td> <td width="104" valign="top" style='width:77.95pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> $           54,228</p> </td> <td width="113" valign="top" style='width:85.05pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> $                       -</p> </td> <td width="116" valign="top" style='width:87.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> $                        -</p> </td> <td width="111" valign="top" style='width:83.1pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> $           54,228</p> </td> </tr> <tr align="left"> <td width="177" valign="top" style='width:133.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> <td width="104" valign="top" style='width:77.95pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p> </td> <td width="113" valign="top" style='width:85.05pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p> </td> <td width="116" valign="top" style='width:87.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p> </td> <td width="111" valign="top" style='width:83.1pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'> </p>
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><b><font lang="EN-CA">7. Stockholders’ Deficit</font></b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;line-height:12.0pt;background:white'><b>Common Stock:</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;line-height:12.0pt;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;line-height:12.0pt;background:white'>The Company has 200,000,000 shares of $0.0001 par value common stock authorized.  On February 20, 2014, a majority of the shareholders of the Company holding 82.95% of the Company’s voting stock approved a 20:1 reverse stock split.   On March 3, 2014, a request was filed with the Financial Industry Regulatory Authority (FINRA) to approve the reverse split.  FINRA approved the reverse split effective April 4, 2014.  The reverse stock split has been given retroactive effect in the accompanying consolidated financial statements and notes thereto.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>During the six months ended October 31, 2014, the Company issued a total of 6,376,046 shares of its common stock:  1,868,966 shares for convertible notes payable (net of discount) of $158,168, accrued interest payable of $2,406, derivative liability of $24,584 and loss on extinguishment of debt of $1,408; 2,107,080 shares for convertible notes payable – related parties of $131,000 and accrued interest payable of $49,708; and 2,400,000 shares for payables – related parties of $175,000.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'><b>Preferred Stock:</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>The Company has 20,000,000 shares of $0.0001 par value preferred stock.  </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>During the year ended April 30, 2012, the Company issued 600,000 shares of Series A convertible preferred stock to a related party in payment of an outstanding debt.  The Series A convertible preferred shares are convertible into ten common voting shares and carry voting rights on the basis of 100 votes per share with rights and preferences being decided by the Board of Directors of the Company.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>During the year ended April 30, 2012, the Company issued 500,000 shares of Series B convertible preferred stock in the acquisition of Long Canyon (see Note 1).  The Series B convertible preferred shares are convertible into ten common voting shares and carry no voting rights.</p>
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'><b><font lang="EN-CA">8. Contingencies and Commitments</font></b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-autospace:ideograph-numeric ideograph-other;margin-left:.25in;text-indent:-.25in;background:white'><b>(a) </b><b>Litigation</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>From time to time, the Company may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business.  However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm the Company.  The Company is currently not aware of any such legal proceedings or claims that the Company believes will have, individually or in the aggregate, a material adverse effect on its business, financial condition or operating results.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-autospace:ideograph-numeric ideograph-other;margin-left:.25in;text-indent:-.25in;background:white'><b>(b) </b><b>Indemnities and Guarantees</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>During the normal course of business, the Company has made certain indemnities and guarantees under which it may be required to make payments in relation to certain transactions.  The Company indemnifies its directors, officers, employees and agents to the maximum extent permitted under the laws of the State of Nevada.  These indemnities include certain agreements with the Company's officers under which the Company may be required to indemnify such person for liabilities arising out of their employment relationship.  The duration of these indemnities and guarantees varies and, in certain cases, is indefinite.  The majority of these indemnities and guarantees do not provide for any limitation of the maximum potential future payments the Company could be obligated to make. Historically, the Company has not been obligated to make significant payments for these obligations and no liabilities have been recorded for these indemnities and guarantees in the accompanying consolidated balance sheets.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-autospace:ideograph-numeric ideograph-other;margin-left:.25in;text-indent:-.25in;background:white'><b>(c) </b><b>Commitments</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>The Company has the following commitments as of October 31, 2014:</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100.0%'> <tr align="left"> <td width="72" valign="top" style='width:.75in;padding:0'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>a) </p> </td> <td valign="top" style='padding:0'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'><font style='background:white'>Administration Agreement with EMAC Handels AG, signed on April 20, 2011, for a six-year term. From May 2011 to April 2013, the Company paid EMAC a monthly fee of </font><font style='background:white'>$3,500</font><font style='background:white'> for administration services, office rent of </font><font style='background:white'>$250</font><font style='background:white'>, and office supplies of </font><font style='background:white'>$125</font><font style='background:white'>.  Commencing May 1, 2013, the monthly fee for administrative services increased to </font><font style='background:white'>$5,000</font><font style='background:white'>. Extraordinary expenses are invoiced by EMAC on a quarterly basis.  The fee may be paid in cash and or with common stock.</font></p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100.0%'> <tr align="left"> <td width="72" valign="top" style='width:.75in;padding:0'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>b) </p> </td> <td valign="top" style='padding:0'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'><font style='background:white'>Service Agreement with Delbert G. Blewett signed on April 30, 2011.  The Company pays Blewett a Director’s fee of </font><font style='background:white'>$2,500</font><font style='background:white'> per month.  The fees may be paid in cash and or with common stock.</font></p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100.0%'> <tr align="left"> <td width="72" valign="top" style='width:.75in;padding:0'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>c) </p> </td> <td valign="top" style='padding:0'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'><font style='background:white'>Service Agreement with Stephen M. Studdert, President of Long Canyon, for administration fees of </font><font style='background:white'>$2,500</font><font style='background:white'> per month, signed on December 6, 2012. The fees may be paid in cash and or with common stock.</font></p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100.0%'> <tr align="left"> <td width="72" valign="top" style='width:.75in;padding:0'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>d) </p> </td> <td valign="top" style='padding:0'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'><font style='background:white'>On May 15, 2011, the Company executed an option agreement wherein the Company has the option to acquire 100% interest in 275 mineral claims located in the same areas in Nevada for consideration of </font><font style='background:white'>$900,000</font><font style='background:white'> cash, and in addition, the Company shall be obligated to pay the related party a 2% Net Smelter Royalty on these claims.  The option agreement stated the option must be exercised by May 31, 2012.  As of October 31, 2014, the option had not been exercised.  </font>The Company and the related party have from time to time entered into extension agreements and the option has currently been extended to December 31, 2014. <font style='background:white'> There was no additional cost or consideration related to the extension of this option. </font></p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100.0%'> <tr align="left"> <td width="72" valign="top" style='width:.75in;padding:0'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>e) </p> </td> <td valign="top" style='padding:0'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'><font style='background:white'>In order to maintain the Company’s claims and/or leases, the Company must make annual payments to the Bureau of Land Management (“BLM”) and the State of Nevada, due in September of each year.  Payment to the BLM is currently </font><font style='background:white'>$150</font><font style='background:white'> per claim and the State of Nevada is currently </font><font style='background:white'>$70</font><font style='background:white'> per claim.  The annual payments for the 275 claims currently under option are the responsibility of the related party optioning the claims to the Company.</font></p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p>
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'><b>9. Recent Accounting Pronouncements</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-10, <i>Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation.</i> The amendments in this Update remove the financial statement distinction between development stage entities and other reporting entities from U.S. generally accepted accounting principles (“GAAP”).  In addition, the amendments eliminate the requirements for development stage entities to: (1) present inception-to-date information in the statements of income, cash flows and shareholder equity; (2) label the financial statements as those of a development stage entity; (3) disclose a description of the development stage activities in which the entity is engaged; and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>For public entities, the amendments are effective for annual reporting periods beginning after December 15, 2014, and interim periods therein.  Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity’s financial statements have not yet been issued.  The Company adopted the provisions of ASU No. 2014-10 during its first fiscal quarter ended July 31, 2014.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>In August 2014, the FASB issued ASU No. 2014-15, <i>Presentation of Financial Statements – Going Concern (Subtopic 310-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.  </i>The amendments in this Update provide guidance in GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures.  In doing so, the amendments are intended to reduce diversity in the timing and content of footnote disclosures.  The amendments are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter.  Early application is permitted.  The Company has not determined the impact of the future adoption of the provisions of ASU No. 2014-15 on its consolidated financial statements.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'> </p>
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'><b><font lang="EN-CA">10. Supplemental Statement of Cash Flows Information</font></b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'><font lang="EN-CA">During the six months ended October 31, 2014 and 2013, the Company paid no amounts for interest or income taxes.</font></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'><font lang="EN-CA">During the six months ended October 31, 2014, the Company had the following non-cash investing and financing activities:</font></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt'><font lang="EN-CA">Increased common stock by </font><font lang="EN-CA">$239</font><font lang="EN-CA">, increased additional paid-in capital by </font><font lang="EN-CA">$174,761</font><font lang="EN-CA"> and decreased payables – related parties by </font><font lang="EN-CA">$175,000</font><font lang="EN-CA">.</font></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt'><font lang="EN-CA">Increased common stock by </font><font lang="EN-CA">$211</font><font lang="EN-CA">, increased additional paid-in capital by </font><font lang="EN-CA">$180,497</font><font lang="EN-CA">, decreased accrued interest payable – related parties by </font><font lang="EN-CA">$49,708</font><font lang="EN-CA"> and decreased convertible notes payable – related parties by $131,000.</font></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt'><font lang="EN-CA">Increased common stock by </font><font lang="EN-CA">$187</font><font lang="EN-CA">, increased additional paid-in capital by </font><font lang="EN-CA">$186,380</font><font lang="EN-CA">, decreased accrued interest payable by </font><font lang="EN-CA">$2,406</font><font lang="EN-CA"> and decreased convertible notes payable (net of discount) by $158,168.</font></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'><font lang="EN-CA">During the six months ended October 31, 2013, the Company had the following non-cash investing and financing activities:</font></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt'><font lang="EN-CA">Increased common stock by </font><font lang="EN-CA">$170</font><font lang="EN-CA">, increased additional paid-in capital by </font><font lang="EN-CA">$169,830</font><font lang="EN-CA"> and decreased payables – related parties by </font><font lang="EN-CA">$170,000</font><font lang="EN-CA">.</font></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'> </p>
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><b>11. Subsequent Events</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'>In accordance with ASC 855, Subsequent Events, the Company has evaluated subsequent events to determine events occurring after October 31, 2014 that would have a material impact on the Company’s financial results or require disclosure.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'>Subsequent to October 31, 2014, the Company repaid the remaining principal balance of $30,500 of the convertible note payable to institutional investor, along with $2,051 in accrued interest payable.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'>To fund the convertible note repayment, on November 18, 2014, the Company entered into a loan agreement for $32,050 from a related party.  The loan bears interest at an annual rate of 6% and is payable on or before May 31, 2015. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'>On December 3, 2014, the Company entered into a convertible promissory note with an institutional investor (“Investor”) for $38,000, which bears interest at an annual rate of 8% and matures on September 5, 2015.  The Investor has the right, after the first 180 days of the note, to convert the note and accrued interest in whole or in part into shares of the common stock of the Company at a price per share equal to 58% (representing a discount rate of 42%) of the average of the lowest three trading prices for the Company’s common stock during the ten trading day period ending one trading day prior to the date of the conversion notice.  At any time for the period beginning on the date of the note and ending on the date which is 30 days following the date of the note, the Company may prepay the note upon payment of an amount equal to the outstanding principal multiplied by 120%, together with accrued and unpaid interest.  The amount of the prepayment increases every subsequent 30 days to 125%, 130%, 135%, 140% and 145% of the outstanding principal together with accrued and unpaid interest.  After the expiration of 180 days following the date of the note, the Company will have no right of prepayment.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:1.8pt'>Subsequent to October 31, 2014, the company paid federal claims fees of $6,360.</p>
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'><b>Going Concern</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'>These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America applicable to a going concern.  Through October 31, 2014, the Company has no revenues, has accumulated losses of $1,474,565 since inception on June 19, 2008 and a working capital deficit of $798,838 and expects to incur further losses in the development of its business, all of which cast substantial doubt about the Company’s ability to continue as a going concern.  Management plans to continue to provide for the Company's capital needs during the year ending April 30, 2015 by issuing debt and equity securities and by the continued support of its related parties (see Note 4).  The condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue in existence.  There is no assurance that funding will be available to continue the Company’s business operations.</p>
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> <table border="0" cellspacing="0" cellpadding="0" width="552" style='width:5.75in;margin-left:.45in;border-collapse:collapse'> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none'>            </p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>October 31, 2014</b></p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>April 30, 2014</b></p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:12.6pt;text-align:left;text-indent:-12.6pt'> </p> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable to related party, no interest, convertible into common stock of the Company at $0.10 per share, imputed interest at 9% per annum</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> $           25,000</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> $           25,000</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable to related party, no interest, convertible into common stock of the Company at $0.10 per share, imputed interest at 9% per annum</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> -</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 101,000</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable to related party, no interest, convertible into common stock of the Company at $0.10 per share, imputed interest at 9% per annum</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> -</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 30,000</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none'> </p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> </p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none'> </p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'>$           25,000</p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'>$         156,000</p> </td> </tr> </table>
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> <table border="0" cellspacing="0" cellpadding="0" width="552" style='width:5.75in;margin-left:.45in;border-collapse:collapse'> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none'>            </p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>October 31, 2014</b></p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>April 30, 2014</b></p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;text-align:left'> </p> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable to related party, with interest at 6% per annum, due September 15, 2013</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> $           24,656</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> $           24,656</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable to related party, with interest at 6% per annum, due March 8, 2014</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 7,500</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 7,500</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable to related party, with interest at 6% per annum, due December 5, 2013</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 47,500</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 47,500</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none'> </p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> </p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none'> </p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'>$           79,656</p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'>$           79,656</p> </td> </tr> </table>
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> <table border="0" cellspacing="0" cellpadding="0" width="552" style='width:5.75in;margin-left:.45in;border-collapse:collapse'> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none'>            </p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>October 31, 2014</b></p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>April 30, 2014</b></p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;text-align:left'> </p> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable, no interest, convertible into common stock of the Company at $0.125 per share, imputed interest at 9% per annum</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> $                    -</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> $         100,000</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-9.0pt'>Note payable, with interest at 6% per annum, convertible into common stock of the Company at $0.05 per share</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> -</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 25,010</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable, no interest, convertible into common stock of the Company at $0.05 per share </p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 11,000</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 36,000</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable, no interest, convertible into common stock of the Company at $0.10 per share 90 days from demand</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 141,150</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 141,150</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable, no interest, convertible into common stock of the Company at $0.10 per share on a quarterly basis</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 14,500</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> -</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;margin-left:8.1pt;text-align:left;text-indent:-8.1pt'>Note payable to institutional investor, with interest at 8% per annum, convertible into common stock of the Company at defined conversion price, maturing on November 18, 2014</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 30,500</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> 42,500</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;text-align:left'>Other, with interest at 6% per annum</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'>9,000</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'>9,000</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none;text-align:left'>Less discount</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(1,975)</p> </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(30,881)</p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none'> </p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> </p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="336" valign="top" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-autospace:none'> </p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'>$         204,175</p> </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:.05in;text-align:right'>$         322,779</p> </td> </tr> </table>
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:41.4pt;border-collapse:collapse'> <tr align="left"> <td width="304" valign="top" style='width:228.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> <td width="86" valign="top" style='width:64.3pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b> Derivative Liability</b></p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b> Debt Discount</b></p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Gain on Derivative Liability</b></p> </td> </tr> <tr align="left"> <td width="304" valign="top" style='width:228.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> <td width="86" valign="top" style='width:64.3pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> </tr> <tr align="left"> <td width="304" valign="top" style='width:228.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Balance at April 30, 2014</p> </td> <td width="86" valign="top" style='width:64.3pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$      63,359</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$     30,881</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$               -</p> </td> </tr> <tr align="left"> <td width="304" valign="top" style='width:228.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Gain on derivative liability </p> </td> <td width="86" valign="top" style='width:64.3pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.05in;text-align:right'>(15,046)</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>15,046</p> </td> </tr> <tr align="left"> <td width="304" valign="top" style='width:228.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Conversion of debt to shares of common stock</p> </td> <td width="86" valign="top" style='width:64.3pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.05in;text-align:right'>(24,585)</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.05in;text-align:right'>(3,842)</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="304" valign="top" style='width:228.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Amortization of debt discount to interest expense</p> </td> <td width="86" valign="top" style='width:64.3pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.05in;text-align:right'>(25,064)</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p> </td> </tr> <tr align="left"> <td width="304" valign="top" style='width:228.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> <td width="86" valign="top" style='width:64.3pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="304" valign="top" style='width:228.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Balance at October 31, 2014</p> </td> <td width="86" valign="top" style='width:64.3pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$      23,728</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$     1,975</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$     15,046</p> </td> </tr> </table>
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-indent:.5in'> </p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:41.4pt;border-collapse:collapse'> <tr align="left"> <td width="306" valign="top" style='width:229.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> </tr> <tr align="left"> <td width="306" valign="top" style='width:229.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Risk-free interest rate</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>0.01%</p> </td> </tr> <tr align="left"> <td width="306" valign="top" style='width:229.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Expected life in years</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>0.05</p> </td> </tr> <tr align="left"> <td width="306" valign="top" style='width:229.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Dividend yield</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>0%</p> </td> </tr> <tr align="left"> <td width="306" valign="top" style='width:229.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Expected volatility</p> </td> <td width="84" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>100.62%</p> </td> </tr> </table>
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p> <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr align="left"> <td width="177" valign="top" style='width:133.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p> </td> <td width="104" valign="top" style='width:77.95pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Total</b></p> </td> <td width="113" valign="top" style='width:85.05pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Level 1</b></p> </td> <td width="116" valign="top" style='width:87.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Level 2</b></p> </td> <td width="111" valign="top" style='width:83.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Level 3</b></p> </td> </tr> <tr align="left"> <td width="177" valign="top" style='width:133.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p> </td> <td width="104" valign="top" style='width:77.95pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> <td width="113" valign="top" style='width:85.05pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> <td width="116" valign="top" style='width:87.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> <td width="111" valign="top" style='width:83.1pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="177" valign="top" style='width:133.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Derivative liability</p> </td> <td width="104" valign="top" style='width:77.95pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$           23,728</p> </td> <td width="113" valign="top" style='width:85.05pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$                       -</p> </td> <td width="116" valign="top" style='width:87.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$                        -</p> </td> <td width="111" valign="top" style='width:83.1pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$           23,728</p> </td> </tr> <tr align="left"> <td width="177" valign="top" style='width:133.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Convertible notes payable</p> </td> <td width="104" valign="top" style='width:77.95pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>30,500</p> </td> <td width="113" valign="top" style='width:85.05pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p> </td> <td width="116" valign="top" style='width:87.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p> </td> <td width="111" valign="top" style='width:83.1pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>30,500</p> </td> </tr> <tr align="left"> <td width="177" valign="top" style='width:133.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> <td width="104" valign="top" style='width:77.95pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> <td width="113" valign="top" style='width:85.05pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> <td width="116" valign="top" style='width:87.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> <td width="111" valign="top" style='width:83.1pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="177" valign="top" style='width:133.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Total liabilities measured    at fair value</p> </td> <td width="104" valign="top" style='width:77.95pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> $           54,228</p> </td> <td width="113" valign="top" style='width:85.05pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> $                       -</p> </td> <td width="116" valign="top" style='width:87.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> $                        -</p> </td> <td width="111" valign="top" style='width:83.1pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> $           54,228</p> </td> </tr> <tr align="left"> <td width="177" valign="top" style='width:133.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'> </p> </td> <td width="104" valign="top" style='width:77.95pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p> </td> <td width="113" valign="top" style='width:85.05pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p> </td> <td width="116" valign="top" style='width:87.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p> </td> <td width="111" valign="top" style='width:83.1pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'> </p>
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