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<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">1. Nature of Business and Operations</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Empire Global Corp. ("Empire" or "the Company") was incorporated in the state of Delaware on August 26, 1998 as Pender
International Inc. On September 30, 2005 contemporaneously with a change in management and business plan changed its name
to Empire Global Corp. On January 5, 2010, the Company became a development stage company, as defined by Financial Accounting
Standards Board ("FASB") Accounting Standards Codification ("ASC") 915, Development Stage Entities. The Company's principal
executive offices are headquartered in Toronto, Canada.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">On December 9, 2011, the Company entered into a Stock Purchase and Share Exchange Agreement (the "Agreement") to acquire
Avontrust Global Pte. Ltd. ("AVT"), a Singapore company with its head office and operations in Singapore. As disclosed in
note 9, on July 2, 2012, prior to the closing of the Agreement, the Company and AVT mutually agreed to terminate the Agreement
as a result the Company no longer has any business operations and is actively seeking new business opportunities.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company has been looking for potential acquisitions. Accordingly, the Company's activities have been accounted for as those
of a Development Stage Enterprise starting from January 5, 2010. The Company's financial statements are identified as those of
a development stage company, and the statements of operations, stockholders' equity and cash flows disclose activity since the
date of the Company's inception.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">2. Going Concern</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in
the United States of America, which contemplate continuation of the Company as a going concern.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">As of December 31, 2012, the Company has no cash or other assets, has incurred significant losses from operations since
its inception and has not yet established any source of revenues. These conditions, among others, raise substantial doubt
about the Company's ability to continue as a going concern. Management plans to mitigate its losses in future years by significantly
reducing its operating expenses and seeking out new business opportunities. However, there is no assurance that the Company
will be able to obtain additional financing, reduce its operating expenses or be successful in locating or acquiring a viable
business.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability
and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the
Company to continue as a going concern.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"></p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">7. Commitments and Contingencies</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company may be subject to claims arising in the ordinary course of business. The Company was subject to direct legal
proceedings which were concluded in June 2010 and in indirect proceedings involving our current Chairman and Principal Executive
Officer which were concluded in May 2011. As a result of the conclusion of these matters, the Company and our Chairman and
Executive Officer are no longer subject to ongoing legal proceedings.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">On December 10, 2004, the Ontario Securities Commission ("OSC") served upon the former President and C.E.O. of the Company
("executive officer"), and companies controlled by our executive officer, as well as a shareholder of the Company related
to the father of our former Chairman Kalson Jang and an unrelated party hired by Kalson Jang's father, collectively the "respondents"
an order to cease trading in shares of Pender International Inc. ("Pender") an Ontario corporation owned by our former Chairman
Kalson Jang and his father Kalano Jang a former shareholder of the Company. The allegations stated among other things that
Armistice was a worthless, flooded mine and that there was no basis for the increase in the share price of the Company. On
September 26, 2006 the Royal Canadian Mounted Police ("RCMP") charged our executive officer.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">As a result of the court proceedings, it was learned that the individual co-accused with our executive officer, while employed
by a company associated with Kalano Jang, was a rogue RCMP agent and acted to defraud our executive officer, it was also discovered
that senior RCMP officers had tampered with evidence allegedly to cover-up certain improper RCMP procedures and actions leading
to the fraud perpetrated against our executive officer and admitted to a violation of his Canadian Charter Rights. On May
17, 2011 our executive officer entered into a settlement agreement offered by the OSC whereby the OSC agreed that our executive
officer had no involvement in the fraud perpetrated against him by the co-accused RCMP agent and our executive officer agreed
that he failed to properly monitor his trading accounts leading to the fraud committed against him by the former RCMP agent.
Our executive officer agreed not to act in the capacity of an officer or director of any Canadian issuer for a period of five
years.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Criminal charges and proceedings against our executive Officer were subsequently stayed on May 18, 2011.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"></p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">8. Subsequent Events</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company has evaluated all events or transactions that occurred subsequent to December 31, 2012 through the date these
financial statements were issued, and has disclosed as follows:</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">On March 3, 2013, the Ontario Securities Commission withdrew all proceedings against two companies controlled by our executive
officer, Firestar Capital Management Corporation and Firestar Investment Management Group Inc. arising from allegations made
by the Ontario Securities Commission on December 21, 2004. (See Note 7).</p>
7598
14145
6547
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="margin: 0"></p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> 3. Summary of Significant Accounting Policies</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">a) Basis of Presentation and Consolidation</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The accompanying financial statements of the Company have been prepared in accordance with accounting principles generally
accepted in the United States of America and are expressed in US dollars. The consolidated financial statements include the accounts
of the Company and its subsidiary. All material intercompany accounts and transactions have been eliminated in consolidation.
The Company's fiscal year end is December 31.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">b) Cash</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Cash consists of cash on hand and cash deposited with financial institutions, including money market accounts, and commercial
paper purchased with an original maturity of three months or less.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">c) Use of Estimates</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">In preparing the Company's financial statements, management is required to make estimates and assumptions that affect the
reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial
statements, and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from
those estimates.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Significant estimates made by management are, among others, realizable of long-lived assets, and deferred taxes. Management
reviews its estimates on a quarterly basis and, where necessary, makes adjustments prospectively.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">d) Property, Plant and Equipment</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Property, plant and equipment are stated at cost less accumulated depreciation and any impairment losses.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Depreciation
is computed using the straight-line method over the useful lives of the assets. Major renewals and betterments are capitalized
and depreciated; maintenance and repairs that do not extend the life of the respective assets are expensed as incurred. Upon
disposal of assets, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is included
in the consolidated statements of income and comprehensive income.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">e) Impairment of Long Lived Assets</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">In accordance with the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 360-10,
Accounting for the Impairment or Disposal of Long-Lived Assets, long-lived assets, such as property, plant and equipment and
purchased intangibles subject to amortization are reviewed for impairment whenever events or changes in circumstances indicate
that the carrying value of an asset may not be recoverable, or it is reasonably possible that these assets could become impaired
as a result of technological or other industrial changes. The determination of recoverability of assets to be held and used
is made by comparing the carrying amount of an asset to future undiscounted cash flows to be generated by the assets.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">If such assets are considered to be impaired, the impairment to be recognized is measured as the amount by which the carrying
amount of the assets exceeds the</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less
cost to sell. During the reporting periods there was no impairment loss of long-lived assets recognized.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">f) Earnings Per Share</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">FASB ASC 260, "Earnings Per Share" provides for calculation of "basic" and "diluted" earnings per share. Basic net earnings
per common share are determined by dividing net loss by the weighted average number of shares of common stock outstanding
during the period. Diluted net earnings per common share is computed by dividing net loss by the weighted average number of
shares of common stock and potentially outstanding shares of common stock during each period.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Basic and diluted loss per share was the same, at December 31, 2012 and 2011, as there were no common stock equivalents
outstanding.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">g) Income Taxes</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, "Income Taxes."
Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year
and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity's
financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to
apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect
on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that
includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the
weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax
assets will not be realized.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements
and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of
a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification,
interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions
for any of the reporting periods presented.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">h) Fair Value of Financial Instruments</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">We measure our financial assets and liabilities in accordance with accounting principles generally accepted in the United
States of America. The carrying value of the Company's short term investments, prepaid and sundry assets, accounts payable
and accrued charges, and advances from shareholder approximate fair value because of the short term maturity of these financial
instruments.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company adopted accounting guidance for financial assets and liabilities (ASC 820). The adoption did not have a material
impact on our results of operations, financial position or liquidity. This standard defines fair value, provides guidance
for measuring fair value and requires certain disclosures. This standard does not require any new fair value measurements,
but rather applies to all other accounting pronouncements that require or permit fair value measurements. This guidance does
not apply to measurements related to share-based payments. This guidance discusses valuation techniques, such as the market
approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach
(cost to replace the service capacity of an asset or replacement cost). The guidance utilizes a fair value hierarchy that
prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief
description of those three levels:</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Level 1: Observable inputs such as quoted prices (unadjusted) in active market for identical assets or liabilities.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Level 2:
Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets
or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed
by us, which reflect those that a market participant would use.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company adopted a newly issued accounting standard for fair value measurements of all non-financial assets and liabilities
not recognized or disclosed at fair value in the financial statements on a recurring basis.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">i) Comprehensive Income</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company adopted FASB ASC 220-10-45, "Reporting Comprehensive Income.", ASC 220-10-45 establishes standards for reporting
and presentation of comprehensive income and its components in a full set of financial statements. Comprehensive income is
presented in the statements of operations, and consists of net income and unrealized gains (losses) on available for sale
marketable securities; foreign currency translation adjustments and changes in market value of future contracts that qualify
as a hedge; and negative equity adjustments.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> 4. Advances from stockholders</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><br /> Advances from stockholders are non-interest
bearing and are due on demand. Interest was imputed at 5% per annum. The Company recorded an interest expense of $7,598 and $6,547
for the year ended December 31, 2012 and December 31, 2011 respectively. Advances from stockholders as of December 31, 2012 and
December 31, 2011 are as follows:</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif">
<tr style="vertical-align: bottom">
<td> </td><td> </td>
<td colspan="3" style="text-align: right">December 31,</td><td> </td>
<td colspan="3" style="text-align: right">December 31,</td></tr>
<tr style="vertical-align: bottom">
<td> </td><td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: right; border-bottom: Black 1pt solid">2012</td><td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: right; border-bottom: Black 1pt solid">2011</td></tr>
<tr style="vertical-align: bottom">
<td> </td><td> </td>
<td colspan="3" style="text-align: right"> </td><td> </td>
<td colspan="3" style="text-align: right"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="width: 56%; text-align: left">Braydon Capital Corp.</td><td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">31,314</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">31,314</td><td style="width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: left; padding-bottom: 1pt">Gold Street Capital</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">128,261</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">118,686</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: left; padding-bottom: 2.5pt">Total advances from related parties:</td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">159,575</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">150,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr></table>
<p style="margin: 0pt"> </p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif">
<tr style="vertical-align: bottom">
<td> </td><td> </td>
<td colspan="3" style="text-align: right">December 31,</td><td> </td>
<td colspan="3" style="text-align: right">December 31,</td></tr>
<tr style="vertical-align: bottom">
<td> </td><td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: right; border-bottom: Black 1pt solid">2012</td><td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: right; border-bottom: Black 1pt solid">2011</td></tr>
<tr style="vertical-align: bottom">
<td> </td><td> </td>
<td colspan="3" style="text-align: right"> </td><td> </td>
<td colspan="3" style="text-align: right"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="width: 56%; text-align: left">Braydon Capital Corp.</td><td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">31,314</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">31,314</td><td style="width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: left; padding-bottom: 1pt">Gold Street Capital</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">128,261</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">118,686</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: left; padding-bottom: 2.5pt">Total advances from related parties:</td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">159,575</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">150,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr></table>
<p style="margin: 0pt"></p>
0.05
18675800
186758
15825
111868
25197
-23423
-126013
-31744
-6458
-23423
-132471
-31744
18675800
18675800
-0.001
-0.002
-0.001
-0.002
-0.000
-0.000
18675800
18675800
18675800
-23423
-31744
-31744
-23423
7598
6547
6547
7598
6250
6250
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">a) Basis of Presentation and Consolidation</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The accompanying financial statements of the Company have been prepared in accordance with accounting principles generally
accepted in the United States of America and are expressed in US dollars. The consolidated financial statements include the accounts
of the Company and its subsidiary. All material intercompany accounts and transactions have been eliminated in consolidation.
The Company's fiscal year end is December 31.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">b) Cash</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Cash consists of cash on hand and cash deposited with financial institutions, including money market accounts, and commercial
paper purchased with an original maturity of three months or less.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">c) Use of Estimates</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">In preparing the Company's financial statements, management is required to make estimates and assumptions that affect the
reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial
statements, and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from
those estimates.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Significant estimates made by management are, among others, realizability of long-lived assets, and deferred taxes. Management
reviews its estimates on a quarterly basis and, where necessary, makes adjustments prospectively.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">d) Property, Plant and Equipment</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Property, plant and equipment are stated at cost less accumulated depreciation and any impairment losses. Depreciation
is computed using the straight-line method over the useful lives of the assets. Major renewals and betterments are capitalized
and depreciated; maintenance and repairs that do not extend the life of the respective assets are expensed as incurred. Upon
disposal of assets, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is included
in the consolidated statements of income and comprehensive income.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">e) Impairment of Long Lived Assets</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; text-align: left">In accordance with the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 360-10,
Accounting for the Impairment or Disposal of Long-Lived Assets, long-lived assets, such as property, plant and equipment and
purchased intangibles subject to amortization are reviewed for impairment whenever events or changes in circumstances indicate
that the carrying value of an asset may not be recoverable, or it is reasonably possible that these assets could become impaired
as a result of technological or other industrial changes. The determination of recoverability of assets to be held and used
is made by comparing the carrying amount of an asset to future undiscounted cash flows to be generated by the assets.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">If such assets are considered to be impaired, the
impairment to be recognized is measured as the amount by which the carrying amount of the assets exceeds the fair value of
the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less cost to sell. During
the reporting periods there was no impairment loss of long-lived assets recognized.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">f) Earnings Per Share</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">FASB ASC 260, "Earnings Per Share" provides for calculation of "basic" and "diluted" earnings per share. Basic net earnings
per common share are determined by dividing net loss by the weighted average number of shares of common stock outstanding
during the period. Diluted net earnings per common share is computed by dividing net loss by the weighted average number of
shares of common stock and potentially outstanding shares of common stock during each period.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Basic and diluted loss per share was the same, at December 31, 2012 and 2011, as there were no common stock equivalents
outstanding.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">g) Income Taxes</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, "Income Taxes."
Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year
and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity's
financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to
apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect
on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that
includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the
weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax
assets will not be realized.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements
and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of
a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification,
interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions
for any of the reporting periods presented.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">h) Fair Value of Financial Instruments</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">We measure our financial assets and liabilities in accordance with accounting principles generally accepted in the United
States of America. The carrying value of the Company's short term investments, prepaid and sundry assets, accounts payable
and accrued charges, and advances from shareholder approximate fair value because of the short term maturity of these financial
instruments.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company adopted accounting guidance for financial assets and liabilities (ASC 820). The adoption did not have a material
impact on our results of operations, financial position or liquidity. This standard defines fair value, provides guidance
for measuring fair value and requires certain disclosures. This standard does not require any new fair value measurements,
but rather applies to all other accounting pronouncements that require or permit fair value measurements. This guidance does
not apply to measurements related to share-based payments. This guidance discusses valuation techniques, such as the market
approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach
(cost to replace the service capacity of an asset or replacement cost). The guidance utilizes a fair value hierarchy that
prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief
description of those three levels:</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Level 1: Observable inputs such as quoted prices (unadjusted) in active market for identical assets or liabilities.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Level 2:
Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets
or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed
by us, which reflect those that a market participant would use.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company adopted a newly issued accounting standard
for fair value measurements of all non-financial assets and liabilities not recognized or disclosed at fair value in the financial
statements on a recurring basis.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">i) Comprehensive Income</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company adopted FASB ASC 220-10-45, "Reporting Comprehensive Income.", ASC 220-10-45 establishes standards for reporting
and presentation of comprehensive income and its components in a full set of financial statements. Comprehensive income is
presented in the statements of operations, and consists of net income and unrealized gains (losses) on available for sale
marketable securities; foreign currency translation adjustments and changes in market value of future contracts that qualify
as a hedge; and negative equity adjustments.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">5. Income Taxes</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company is incorporated in the United States of America and is subject to United States federal taxation. No provisions
for income taxes have been made, as the Company had no U.S. taxable income for the year ended December 31, 2012 and 2011.</p>
<br />
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company's deferred tax assets as of December 31, 2012 and 2011 are as follows:</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"></p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif">
<tr style="vertical-align: bottom">
<td> </td><td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: right; border-bottom: Black 1pt solid">December 31, 2012</td><td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: right; border-bottom: Black 1pt solid">December 31, 2011</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="width: 56%; text-align: left">Net loss carryforward</td><td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,779,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,771,000</td><td style="width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: left; padding-bottom: 1pt">Valuation allowance</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,779,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,771,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: left; padding-bottom: 2.5pt">Deferred tax assets</td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">—  </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">—  </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><br /></p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">The Company has accumulated a net operating loss carryforward ("NOL") of approximately $5 million as of December 31, 2012.
This NOL may be offset against future taxable income through the year 2032. The use of these losses to reduce future income
taxes will depend on the generation of sufficient taxable income prior to the expiration of the NOL. No tax benefit has been
reported in the financial statements for the year ended December 31, 2012 and 2011 because it has been fully offset by a valuation
reserve. The use of future tax benefit is undetermined because we presently have no operations.<br />
<br />
</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt">
NOL incurred are subject to limitation due to any ownership change (as defined under Section 382 of the Internal Revenue Code
of 1986) which resulted in a change in business direction. Unused limitations may be carried over to future years until the NOLs
expire. Utilization of NOLs may also be limited in any one year by alternative minimum tax rules.</p>
1779000
1771000
<p style="margin: 0pt"> </p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif">
<tr style="vertical-align: bottom">
<td> </td><td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: right; border-bottom: Black 1pt solid">December 31, 2012</td><td style="padding-bottom: 1pt"> </td>
<td colspan="3" style="text-align: right; border-bottom: Black 1pt solid">December 31, 2011</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="width: 56%; text-align: left">Net loss carryforward</td><td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,779,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,771,000</td><td style="width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: left; padding-bottom: 1pt">Valuation allowance</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,779,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,771,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: left; padding-bottom: 2.5pt">Deferred tax assets</td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">—  </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">—  </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr>
</table>
<p style="margin: 0pt"></p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"> 6. Discontinued Operations
<br />
<br />
On January 4, 2010 we disposed of our wholly owned subsidiary IMM which owned 5,000,000 shares of Armistice in exchange
for the elimination of $200,000 of debt. The Company recorded loss on disposal of subsidiary of $6,458 during the year ended December
31, 2010.</p>
200000
5000000
1779000
1771000
5000000