----

----

| x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|-----------------------------------------------------------------------------------------|

| o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|------------------------------------------------------------------------------------------|

| Delaware                                                      |   | 000-51193             |   | 20-8326081                   |
|---------------------------------------------------------------|--------|-----------------------|--------|-----------------------------------|
| (State or other jurisdiction ofincorporation or organization) |   | (Commission File No.) |   | (IRS Employee Identification No.) |

| Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act. | Yes x No o |
|----------------------------------------------------------------------------------------------------------------|----------------------|

----

| Item 1.                    | Financial Statements                                                                        |   |
|----------------------------|---------------------------------------------------------------------------------------------|--------|
| Item 2.                    | Management’s Discussion and Analysis of Financial Condition and Results of Operations |   |
| Item 3                     | Quantitative and Qualitative Disclosures About Market Risk                                  |   |
| Item 4T.                   | Control and Procedures                                                                      |   |
|                       |                                                                                        |   |
|                       |                                                                                        |
| PART II--OTHER INFORMATION |                                                                                        |
|                       |                                                                                        |   |
| Item 1                     | Legal Proceedings                                                                           |   |
| Item 1A                    | Risk Factors                                                                                |   |
| Item 2.                    | Unregistered Sales of Equity Securities and Use of Proceeds                                 |   |
| Item 3.                    | Defaults Upon Senior Securities                                                             |   |
| Item 4.                    | (Removed and Reserved)                                                                      |   |
| Item 5.                    | Other Information                                                                           |   |
| Item 6.                    | Exhibits                                                                                    |   |

----

|   | Aspire Japan, Inc.            |   |
|--------|-------------------------------|--------|
|   | (A Development Stage Company) |   |
|   | CONDENSED BALANCE SHEETS      |   |
|   |                          |   |

|                                                                   |   |        |       |
|------------------------------------------------------------------------|--------|-------------|------------|
|                                                                   |   | October 31, |       |   | January 31, |   |
|                                                                   |   | 2010        |       |   | 2010 |   |
|                                                                   |   | (Unaudited) |       |   |   |   |
| ASSETS                                                                 |   |        |       |   |   |   |
|                                                                   |   |        |       |   |   |   |
| CURRENT ASSETS                                                         |   |        |       |   |   |   |
|                                                                   |   |        |       |   |   |   |
| Cash                                                                   |   | $           | 56         |   |   | $ | 388 |   |
| Prepaid expense                                                        |   |        | 1,656      |   |   |   | 545 |   |
|                                                                   |   |        |       |   |   |   |   |   |
| TOTAL CURRENT ASSETS                                                   |   |        | 1,712      |   |   |   | 933 |   |
|                                                                   |   |        |       |   |   |   |   |   |
| OTHER ASSETS                                                           |   |        |       |   |   |   |   |   |
|                                                                   |   |        |       |   |   |   |   |   |
| Deposits                                                               |   |        | 475        |   |   |   | 475 |   |
|                                                                   |   |        |       |   |   |   |   |   |
| TOTAL ASSETS                                                           |   | $           | 2,187      |   |   | $ | 1,408 |   |
|                                                                   |   |        |       |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                  |   |        |       |   |   |   |   |   |
|                                                                   |   |        |       |   |   |   |   |   |
| CURRENT LIABILITIES                                                    |   |        |       |   |   |   |   |   |
|                                                                   |   |        |       |   |   |   |   |   |
| Accounts payable and accrued expenses                                  |   | $           | 16,150     |   |   | $ | 20,353 |   |
| Accrued interest                                                       |   |        | 145,754    |   |   |   | 97,447 |   |
| Accrued interest - related party                                       |   |        | 12,499     |   |   |   | 9,167 |   |
| Judgement payable                                                      |   |        | 1,112,032  |   |   |   | 1,049,719 |   |
| Severance payable                                                      |   |        | 236,730    |   |   |   | 236,730 |   |
| Notes payable                                                          |   |        | 349,644    |   |   |   | 370,206 |   |
| Loans payable -related party                                           |   |        | 68,535     |   |   |   | 21,093 |   |
|                                                                   |   |        |       |   |   |   |   |   |
| TOTAL CURRENT LIABILITIES                                              |   |        | 1,941,344  |   |   |   | 1,804,715 |   |
|                                                                   |   |        |       |   |   |   |   |   |
| LONG TERM LIABILITIES                                                  |   |        |       |   |   |   |   |   |
| Notes payable                                                          |   |        | 20,562     |   |   |   | - |   |
| Accrued interest                                                       |   |        | 3,516      |   |   |   | - |   |
|                                                                   |   |        |       |   |   |   |   |   |
| TOTAL LONG TERM LIABILITIES                                            |   |        | 24,078     |   |   |   | - |   |
|                                                                   |   |        |       |   |   |   |   |   |
| TOTAL LIABILITIES                                                      |   |        | 1,965,422  |   |   |   | 1,804,715 |   |
|                                                                   |   |        |       |   |   |   |   |   |
| COMMITMENTS AND CONTINGENCIES                                          |   |        | -          |   |   |   | - |   |
|                                                                   |   |        |       |   |   |   |   |   |
| STOCKHOLDERS' DEFICIT                                                  |   |        |       |   |   |   |   |   |
|                                                                   |   |        |       |   |   |   |   |   |
| Preferred Stock - Par value $.001;                                     |   |        |       |   |   |   |   |   |
| Authorized: 50,000,000                                                 |   |        |       |   |   |   |   |   |
| Issued and Outstanding: none                                           |   |        | -          |   |   |   | - |   |
| Common Stock - Par value $0.001;                                       |   |        |       |   |   |   |   |   |
| Authorized: 100,000,000                                                |   |        |       |   |   |   |   |   |
| Issued and Outstanding:7,854,150 and  7,854,150 respectively |   |        | 7,854      |   |   |   | 7,854 |   |
| Additional Paid-In Capital                                             |   |        | 1,746,896  |   |   |   | 1,679,396 |   |
| Other Comprehensive Income (Loss)                                      |   |        | (5,078     | ) |   |   | (5,078 | ) |
| Accumulated Deficit during development stage                           |   |        | (3,712,907 | ) |   |   | (3,485,479 | ) |
|                                                                   |   |        |       |   |   |   |   |   |
| Total Stockholders' Deficit                                            |   |        | (1,963,235 | ) |   |   | (1,803,307 | ) |
|                                                                   |   |        |       |   |   |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                            |   | $           | 2,187      |   |   | $ | 1,408 |   |

----

| Aspire Japan, Inc.                                        |   |
|-----------------------------------------------------------|--------|
| (A Development Stage Company)                             |   |
| CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS |   |
| (Unaudited)                                               |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   | For the period |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   | February 2, 2005 |   |
|                                                      |   | For the Three Months Ended October 31, |   |   | For the Nine Months Ended October 31, |   |   | (inception) to |   |
|                                                      |   | 2010 |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |   | October 31, 2010 |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenue                                                   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Expenses                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Professional Fees                                         |   |   | 5,831 |   |   |   | 8,355 |   |   |   | 28,860 |   |   |   | 32,076 |   |   |   | 402,177 |   |
| Marketing Expenses                                        |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 156,562 |   |
| Consulting Fees                                           |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 216,510 |   |
| Compensation Expense                                      |   |   | 22,500 |   |   |   | 22,500 |   |   |   | 67,500 |   |   |   | 67,500 |   |   |   | 528,531 |   |
| Severance Expense                                         |   |   | 20,999 |   |   |   | - |   |   |   | 62,313 |   |   |   | - |   |   |   | 1,378,762 |   |
| General and administrative                                |   |   | 2,114 |   |   |   | 1,713 |   |   |   | 12,907 |   |   |   | 5,821 |   |   |   | 902,229 |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses                                  |   |   | 51,444 |   |   |   | 32,568 |   |   |   | 171,580 |   |   |   | 105,397 |   |   |   | 3,584,771 |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss from Operations                                      |   |   | (51,444 | ) |   |   | (32,568 | ) |   |   | (171,580 | ) |   |   | (105,397 | ) |   |   | (3,584,771 | ) |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest Income                                           |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 2,631 |   |
| Foreign Currency Transaction Loss                         |   |   | (183 | ) |   |   | (1,071 | ) |   |   | (693 | ) |   |   | (3,620 | ) |   |   | (7,552 | ) |
| Gain on liquidated damages                                |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 84,949 |   |
| Interest Expense                                          |   |   | (19,501 | ) |   |   | (16,941 | ) |   |   | (55,155 | ) |   |   | (44,917 | ) |   |   | (208,164 | ) |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Other Expense                                       |   |   | (19,684 | ) |   |   | (18,012 | ) |   |   | (55,848 | ) |   |   | (48,537 | ) |   |   | (128,136 | ) |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision for Income Taxes                                |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss                                                  |   |   | (71,128 | ) |   |   | (50,580 | ) |   |   | (227,428 | ) |   |   | (153,934 | ) |   |   | (3,712,907 | ) |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income / (Loss)                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income                                |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 61 |   |
| Foreign Currency Translation Loss                         |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (5,139 | ) |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive Loss                                        |   | $ | (71,128 | ) |   | $ | (50,580 | ) |   | $ | (227,428 | ) |   | $ | (153,934 | ) |   | $ | (3,717,985 | ) |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss Per Share  - basic and diluted         |   | $ | (0.01 | ) |   | $ | (0.01 | ) |   | $ | (0.03 | ) |   | $ | (0.02 | ) |   |   |   |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of shares outstanding             |   |   | 7,854,150 |   |   |   | 7,854,150 |   |   |   | 7,854,150 |   |   |   | 7,854,150 |   |   |   |   |   |

----

| Aspire Japan, Inc.                                              |   |
|-----------------------------------------------------------------|--------|
| (A Development Stage Company)                                   |   |
| CONDENSED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)           |   |
| From inception (February 2, 2005) through October 31, 2010 |   |
| (Unaudited)                                                     |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Accumulated |   |   |   |   |   |   |   |
|                                                            |   | Preferred Stock |   |   | Common Stock |   |   | Additional |   |   | Deficit During |   |   | Other |   |   | Total |   |
|                                                            |   | Shares |   |   | Par |   |   | Shares |   |   | Par |   |   | Paid InCapital |   |   | Development Stage |   |   | ComprehensiveIncome (Loss) |   |   | Equity / (Deficit) |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued in exchange                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| of incorporation expenses                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| February 2, 2005                                                |   |   | - |   |   | $ | - |   |   |   | 100,000 |   |   | $ | 100 |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | 100 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss for the period                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| February 2, 2005 (inception)                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| to January 31, 2006                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (2,225 | ) |   |   | - |   |   |   | (2,225 | ) |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, January 31, 2006                                       |   |   | - |   |   |   | - |   |   |   | 100,000 |   |   |   | 100 |   |   |   | - |   |   |   | (2,225 | ) |   |   | - |   |   |   | (2,125 | ) |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| September 15, 2006 at $0.001                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                                |   |   | - |   |   |   | - |   |   |   | 6,700,000 |   |   |   | 6,700 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 6,700 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| November 6, 2006 at $1.00                                       |   |   | - |   |   |   | - |   |   |   | 275,000 |   |   |   | 275 |   |   |   | 274,725 |   |   |   | - |   |   |   | - |   |   |   | 275,000 |   |
| per share from private placement                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In Kind contribution                                            |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 7,000 |   |   |   | - |   |   |   | - |   |   |   | 7,000 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss                                                        |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (37,393 | ) |   |   | - |   |   |   | (37,393 | ) |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, January 31, 2007                                       |   |   | - |   |   |   | - |   |   |   | 7,075,000 |   |   |   | 7,075 |   |   |   | 281,725 |   |   |   | (39,618 | ) |   |   | - |   |   |   | 249,182 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 16, 2007 at $1.00                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                                |   |   | - |   |   |   |   |   |   |   | 20,000 |   |   |   | 20 |   |   |   | 19,980 |   |   |   | - |   |   |   | - |   |   |   | 20,000 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 18, 2007 at $1.00                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                                |   |   | - |   |   |   |   |   |   |   | 10,000 |   |   |   | 10 |   |   |   | 9,990 |   |   |   | - |   |   |   | - |   |   |   | 10,000 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 19, 2007 at $1.00                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                                |   |   | - |   |   |   |   |   |   |   | 15,000 |   |   |   | 15 |   |   |   | 14,985 |   |   |   | - |   |   |   | - |   |   |   | 15,000 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 20, 2007 at $1.00                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                                |   |   | - |   |   |   |   |   |   |   | 30,000 |   |   |   | 30 |   |   |   | 29,970 |   |   |   | - |   |   |   | - |   |   |   | 30,000 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 25, 2007 at $1.00                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                                |   |   | - |   |   |   |   |   |   |   | 260,000 |   |   |   | 260 |   |   |   | 259,740 |   |   |   | - |   |   |   | - |   |   |   | 260,000 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for cash on                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 26, 2007 at $1.00                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per share from private placement                                |   |   | - |   |   |   |   |   |   |   | 100,000 |   |   |   | 100 |   |   |   | 99,900 |   |   |   | - |   |   |   | - |   |   |   | 100,000 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued for services in                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| April 2007 at $1.00                                             |   |   | - |   |   |   |   |   |   |   | 100,000 |   |   |   | 100 |   |   |   | 99,900 |   |   |   |   |   |   |   | - |   |   |   | 100,000 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock Issued in exchange                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| for legal expenses                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| June 30, 2007 at $1.00                                          |   |   | - |   |   |   |   |   |   |   | 50,000 |   |   |   | 50 |   |   |   | 49,950 |   |   |   | - |   |   |   | - |   |   |   | 50,000 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In Kind contribution                                            |   |   | - |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   | 51,000 |   |   |   | - |   |   |   | - |   |   |   | 51,000 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss for the year                                           |   |   | - |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (2,108,895 | ) |   |   | - |   |   |   | (2,108,895 | ) |
| ended January 31, 2008                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income / (loss)                             |   |   | - |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (5,139 | ) |   |   | (5,139 | ) |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Comprehensive Loss                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (2,114,034 | ) |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, January 31, 2008                                       |   |   | - |   |   |   | - |   |   |   | 7,660,000 |   |   |   | 7,660 |   |   |   | 917,140 |   |   |   | (2,148,513 | ) |   |   | (5,139 | ) |   |   | (1,228,852 | ) |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In Kind contribution                                            |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 90,000 |   |   |   | - |   |   |   | - |   |   |   | 90,000 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Converison on notes payable                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  and accrued interest to                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  common stock at $3.00 per share                           |   |   | - |   |   |   | - |   |   |   | 194,150 |   |   |   | 194 |   |   |   | 582,256 |   |   |   | - |   |   |   | - |   |   |   | 582,450 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss for the year                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ended January 31, 2009                                          |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   |   | - |   |   |   | (1,282,167 | ) |   |   |   |   |   |   | (1,282,167 | ) |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 61 |   |   |   | 61 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Comprehensive Loss                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (1,282,106 | ) |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance January 31, 2009                                        |   |   | - |   |   | $ | - |   |   |   | 7,854,150 |   |   | $ | 7,854 |   |   | $ | 1,589,396 |   |   | $ | (3,430,680 | ) |   | $ | (5,078 | ) |   | $ | (1,838,508 | ) |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In Kind contribution                                            |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 90,000 |   |   |   | - |   |   |   | - |   |   |   | 90,000 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss for the year ended                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| January 31, 2010                                                |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   |   | - |   |   |   | (54,799 | ) |   |   |   |   |   |   | (54,799 | ) |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | - |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Comprehensive Loss                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (54,799 | ) |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance January 31, 2010                                        |   |   | - |   |   | $ | - |   |   |   | 7,854,150 |   |   | $ | 7,854 |   |   | $ | 1,679,396 |   |   | $ | (3,485,479 | ) |   | $ | (5,078 | ) |   | $ | (1,803,307 | ) |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In Kind contribution                                            |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 67,500 |   |   |   | - |   |   |   | - |   |   |   | 67,500 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss for the nine months ended                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| October 31, 2010                                                |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   |   | - |   |   |   | (227,428 | ) |   |   |   |   |   |   | (227,428 | ) |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | - |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Comprehensive Loss                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (227,428 | ) |
| Balance October 31,2010                                         |   |   | - |   |   | $ | - |   |   |   | 7,854,150 |   |   | $ | 7,854 |   |   | $ | 1,746,896 |   |   | $ | (3,712,907 | ) |   | $ | (5,078 | ) |   | $ | (1,963,235 | ) |

----

| Aspire Japan, Inc.                 |   |
|------------------------------------|--------|
| (A Development Stage Company)      |   |
| CONDENSED STATEMENTS OF CASH FLOWS |   |
| (Unaudited)                        |   |

|                                                                                |   |                                  |     |   |           |   |     |             |   |
|-------------------------------------------------------------------------------------|--------|---------------------------------------|----------|--------|----------------|--------|----------|------------------|--------|
|                                                                                |   |                                  |     |   |           |   |     | For the period   |   |
|                                                                                |   |                                  |     |   |           |   |     | February 2, 2005 |   |
|                                                                                |   | For The Nine Months Ended October 31, |     |   | (inception) to |   |
|                                                                                |   | 2010                                  |     |   | 2009           |   |     | October 31, 2010 |   |
|                                                                                |   |                                  |     |   |           |   |     |             |   |
|                                                                                |   |                                  |     |   |           |   |     |             |   |
| Cash Flows From Operating Activities:                                               |   |                                  |     |   |           |   |     |             |   |
| Net Loss                                                                            |   | $                                     | (227,428 | )      |           | $      | (153,934 | )                |   | $ | (3,712,907 | ) |
|                                                                                |   |                                  |     |   |           |   |     |             |   |   |   |   |
| Adjustments to reconcile net loss to net cash used in operations                    |   |                                  |     |   |           |   |     |             |   |   |   |   |
| In-kind contribution                                                                |   |                                  | 67,500   |   |           |   | 67,500   |             |   |   | 305,500 |   |
| Stock issued for incorporation expense                                              |   |                                  | -        |   |           |   | -        |             |   |   | 100 |   |
| Stock issued for services                                                           |   |                                  | -        |   |           |   | -        |             |   |   | 150,000 |   |
| Impairment of property and equipment                                                |   |                                  | -        |   |           |   | -        |             |   |   | 2,388 |   |
| Depreciation                                                                        |   |                                  | -        |   |           |   | -        |             |   |   | 2,429 |   |
| Changes in operating assets and liabilities:                                        |   |                                  |     |   |           |   |     |             |   |   |   |   |
| Increase in Deposits                                                                |   |                                  | -        |   |           |   | (475     | )                |   |   | (475 | ) |
| Increase in Prepaid Expenses                                                        |   |                                  | (1,111   | )      |           |   | (11,638  | )                |   |   | (1,656 | ) |
| Increase/ (Decrease) in  Accounts Payable and  Accrued Expenses |   |                                  | (4,203   | )      |           |   | (21,575  | )                |   |   | 16,150 |   |
| Increase in  Accrued Interest                                             |   |                                  | 51,823   |   |           |   | 34,391   |             |   |   | 189,147 |   |
| Increase in accrued interest - related party                                        |   |                                  | 3,332    |   |           |   | -        |             |   |   | 12,499 |   |
| Increase in  Accrued judgement                                            |   |                                  | 62,313   |   |           |   | -        |             |   |   | 1,112,032 |   |
| Increase in accrued severance                                                       |   |                                  | -        |   |           |   | -        |             |   |   | 236,730 |   |
|                                                                                |   |                                  |     |   |           |   |     |             |   |   |   |   |
| Net Cash Used In Operating Activities                                               |   |                                  | (47,774  | )      |           |   | (85,731  | )                |   |   | (1,688,063 | ) |
|                                                                                |   |                                  |     |   |           |   |     |             |   |   |   |   |
| Cash Flows From Investing Activities:                                               |   |                                  |     |   |           |   |     |             |   |   |   |   |
| Cash paid for Property, Plant, &  Equipment                           |   |                                  | -        |   |           |   | -        |             |   |   | (4,817 | ) |
|                                                                                |   |                                  |     |   |           |   |     |             |   |   |   |   |
| Net Cash Used In Investing Activities                                               |   |                                  | -        |   |           |   | -        |             |   |   | (4,817 | ) |
|                                                                                |   |                                  |     |   |           |   |     |             |   |   |   |   |
| Cash Flows From Financing Activities:                                               |   |                                  |     |   |           |   |     |             |   |   |   |   |
| Proceeds from Note Payable                                                          |   |                                  | -        |   |           |   | 143,515  |             |   |   | 943,175 |   |
| Repayment of Note Payable                                                           |   |                                  | -        |   |           |   | -        |             |   |   | (30,396 | ) |
| Repayment of Note Payable - related party                                           |   |                                  | (22,300  | )      |           |   | (77,462  | )                |   |   | (688,060 | ) |
| Proceeds from Note Payable - related party                                          |   |                                  | 69,742   |   |           |   | 20,010   |             |   |   | 756,595 |   |
| Proceeds from Common Stock issuance                                                 |   |                                  | -        |   |           |   | -        |             |   |   | 716,700 |   |
|                                                                                |   |                                  |     |   |           |   |     |             |   |   |   |   |
| Net Cash Provided by Financing Activities                                           |   |                                  | 47,442   |   |           |   | 86,063   |             |   |   | 1,698,014 |   |
|                                                                                |   |                                  |     |   |           |   |     |             |   |   |   |   |
| Net Increase / (Decrease) in Cash                                                   |   |                                  | (332     | )      |           |   | 332      |             |   |   | 5,134 |   |
|                                                                                |   |                                  |     |   |           |   |     |             |   |   |   |   |
| Effect of Exchange Rate on Cash                                                     |   |                                  | -        |   |           |   | -        |             |   |   | (5,078 | ) |
|                                                                                |   |                                  |     |   |           |   |     |             |   |   |   |   |
| Cash at Beginning of Period                                                         |   |                                  | 388      |   |           |   | 712      |             |   |   | - |   |
|                                                                                |   |                                  |     |   |           |   |     |             |   |   |   |   |
| Cash at End of Period                                                               |   | $                                     | 56       |   |           | $      | 1,044    |             |   | $ | 56 |   |
|                                                                                |   |                                  |     |   |           |   |     |             |   |   |   |   |
| Supplemental disclosure of cash flow information:                                   |   |                                  |     |   |           |   |     |             |   |   |   |   |
|                                                                                |   |                                  |     |   |           |   |     |             |   |   |   |   |
| Cash paid for interest                                                              |   | $                                     | -        |   |           | $      | 10,145   |             |   | $ | 5,951 |   |
|                                                                                |   |                                  |     |   |           |   |     |             |   |   |   |   |
| Cash paid for taxes                                                                 |   | $                                     | -        |   |           | $      | -        |             |   | $ | - |   |

| In March 2008 the Company converted a total of $542,573 of notes payable and accrued interest of $39,877 into 194,150 shares of common stock. ($3.00 per share) |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

| 1.   | August 29, 2008, 50 Million Japanese Yen (Approximately $454,545)    |
|----------------|----------------------------------------------------------------------|
|           |                                                                 |
| 2.   | September 12, 2008, 50 Million Japanese Yen (Approximately $454,545) |

| 3.   | September 30, 2008, 200 Million Japanese Yen (Approximately $1,818,182) |
|----------------|-------------------------------------------------------------------------|
|           |                                                                    |
| 4.   | January 31, 2009, 300 Million Japanese Yen (Approximately $2,727,273)   |

----

| 1.   | August 29, 2008, 200 Million Japanese Yen (Approximately $1,818,182)    |
|----------------|-------------------------------------------------------------------------|
|           |                                                                    |
| 2.   | September 30, 2008, 400 Million Japanese Yen (Approximately $3,636,354) |

| 3.   | January 31, 2009, 1 Billion Japanese Yen (Approximately $9,090,909) |
|----------------|---------------------------------------------------------------------|

----

----

----

----

| Marketing Materials |   | $ | 50,000  |   |
|--------------------------|--------|---|---------|--------|
| Legal/Accounting         |   | $ | 75,000  |   |
| General/Administrative   |   | $ | 100,000 |   |
| Total               |   | $ | 225,000 |   |

----

----

----

| 1.   | August 29, 2008, 50 Million Japanese Yen (Approximately $454,545)       |
|----------------|-------------------------------------------------------------------------|
|           |                                                                    |
| 2.   | September 12, 2008, 50 Million Japanese Yen (Approximately $454,545)    |
|           |                                                                    |
| 3.   | September 30, 2008, 200 Million Japanese Yen (Approximately $1,818,182) |
|           |                                                                    |
| 4.   | January 31, 2009, 300 Million Japanese Yen (Approximately $2,727,273)   |

----

| 1.   | August 29, 2008, 200 Million Japanese Yen (Approximately $1,818,182)    |
|----------------|-------------------------------------------------------------------------|
|           |                                                                    |
| 2.   | September 30, 2008, 400 Million Japanese Yen (Approximately $3,636,354) |
|           |                                                                    |
| 3.   | January 31, 2009, 1 Billion Japanese Yen (Approximately $9,090,909)     |

----

----

----

|                          | ASPIRE JAPAN, INC. |
|-------------------------------|--------------------|
|                          |               |
| Date: December 13, 2010  | By:      | /s/ Ken Osako |
|                          |               | Ken Osako |
|                          |               | President, Chief Executive Officer,Chief Financial Officer |