NOTE 4 - DUE TO ADMINISTRATIVE SERVICES COMPANY

On March 25, 2011, Magnus Management N.A. Ltd. (Formerly Magnus Management (2006) Ltd.) (an administrative services company) advanced $15,000 on behalf of the Company to the Company's law firm in connection with the Company's planned public offering (Note 8). The $15,000 advance due to Magnus is non-interest bearing, unsecured, and due on demand.