----

----

| 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                                                                        |   1  |
|----------------------------|---------------------------------------------------------------------------------------------|-----------|
| Item 2.                    | Management’s Discussion and Analysis of Financial Condition and Results of Operations |   12 |
| Item 3                     | Quantitative and Qualitative Disclosures About Market Risk                                  |   16 |
| Item 4T.                   | Control and Procedures                                                                      |   17 |
|                       |                                                                                        |      |
|                       |                                                                                        |
| PART II--OTHER INFORMATION |                                                                                        |
|                       |                                                                                        |      |
| Item 1                     | Legal Proceedings                                                                           |   18 |
| Item 1A                    | Risk Factors                                                                                |   18 |
| Item 2.                    | Unregistered Sales of Equity Securities and Use of Proceeds                                 |   18 |
| Item 3.                    | Defaults Upon Senior Securities                                                             |   18 |
| Item 4.                    | (Removed and Reserved)                                                                      |   18 |
| Item 5.                    | Other Information                                                                           |   18 |
| Item 6.                    | Exhibits                                                                                    |   18 |

----

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

|                                                                                           |   | July 31,    |       |   | January 31, |   |
|------------------------------------------------------------------------------------------------|--------|-------------|------------|--------|------------------|--------|
|                                                                                           |   | 2010        |       |   | 2010             |   |
|                                                                                           |   | (Unaudited) |       |   |             |   |
| ASSETS                                                                                         |
|                                                                                           |   |        |       |   |             |   |
| CURRENT ASSETS                                                                                 |   |        |       |   |             |   |
|                                                                                           |   |        |       |   |             |   |
| Cash                                                                                           |   | $           | 366        |   |             | $      | 388 |   |
| Prepaid expense                                                                                |   |        | 2,656      |   |             |   | 545 |   |
|                                                                                           |   |        |       |   |             |   |   |   |
| TOTAL CURRENT ASSETS                                                                           |   |        | 3,022      |   |             |   | 933 |   |
|                                                                                           |   |        |       |   |             |   |   |   |
| OTHER ASSETS                                                                                   |   |        |       |   |             |   |   |   |
|                                                                                           |   |        |       |   |             |   |   |   |
| Deposits                                                                                       |   |        | 475        |   |             |   | 475 |   |
|                                                                                           |   |        |       |   |             |   |   |   |
| TOTAL ASSETS                                                                                   |   | $           | 3,497      |   |             | $      | 1,408 |   |
|                                                                                           |   |        |       |   |             |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                          |
|                                                                                           |   |        |       |   |             |   |   |   |
| CURRENT LIABILITIES                                                                            |   |        |       |   |             |   |   |   |
|                                                                                           |   |        |       |   |             |   |   |   |
| Accounts payable and accrued expenses                                                          |   | $           | 18,600     |   |             | $      | 20,353 |   |
| Accrued interest                                                                               |   |        | 84,337     |   |             |   | 97,447 |   |
| Accrued interest - related party                                                               |   |        | 10,493     |   |             |   | 9,167 |   |
| Judgement payable                                                                              |   |        | 1,091,033  |   |             |   | 1,049,719 |   |
| Severance payable                                                                              |   |        | 236,730    |   |             |   | 236,730 |   |
| Notes payable                                                                                  |   |        | 263,178    |   |             |   | 370,206 |   |
| Loans payable -related party                                                                   |   |        | 59,237     |   |             |   | 21,093 |   |
|                                                                                           |   |        |       |   |             |   |   |   |
| TOTAL CURRENT LIABILITIES                                                                      |   |        | 1,763,608  |   |             |   | 1,804,715 |   |
|                                                                                           |   |        |       |   |             |   |   |   |
| LONG TERM LIABILITIES                                                                          |   |        |       |   |             |   |   |   |
| Notes payable                                                                                  |   |        | 107,028    |   |             |   | - |   |
| Accrued interest                                                                               |   |        | 47,468     |   |             |   | - |   |
|                                                                                           |   |        |       |   |             |   |   |   |
| TOTAL LIABILITIES                                                                              |   | $           | 1,918,104  |   |             | $      | 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                                                                     |   |        | 1,724,396  |   |             |   | 1,679,396 |   |
| Other Comprehensive Loss                                                                       |   |        | (5,078     | )      |             |   | (5,078 | ) |
| Accumulated Deficit during development stage                                                   |   |        | (3,641,779 | )      |             |   | (3,485,479 | ) |
|                                                                                           |   |        |       |   |             |   |   |   |
| Total Stockholders' Deficit                                                                    |   |        | (1,914,607 | )      |             |   | (1,803,307 | ) |
|                                                                                           |   |        |       |   |             |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                                    |   | $           | 3,497      |   |             | $      | 1,408 |   |

----

| Aspire Japan, Inc.                                              |
|-----------------------------------------------------------------|
| (A Development Stage Company)                                   |
|  CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS |
| (Unaudited)                                                     |

|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |
|---------------------------------------------------|--------|-------------------------------------|-----------|--------|-----------------------------------|--------|-----------|--------------------------------|--------|--------|-----------|--------|--------|----------------|-----------|
|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |
|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |
|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |
|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   | For the period |      |
|                                              |   | For the Three Months Ended July 31, |      |   | For the Six Months Ended July 31, |   |      | February 2, 2005(Inception) to |   |
|                                              |   | 2010                                |      |   | 2009                              |   |      | 2010                           |   |   | 2009      |   |   | July 31, 2010  |      |
|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |
|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |
| Revenue                                           |   | $                                   | -         |   |                              | $      | -         |                           |   | $      | -         |   |   | $              | -         |   |   | $ | - |   |
|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |   |   |   |   |   |
| Operating Expenses                                |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |   |   |   |   |   |
|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |   |   |   |   |   |
| Professional Fees                                 |   |                                | 11,508    |   |                              |   | 23,595    |                           |   |   | 23,029    |   |   |           | 23,721    |   |   |   | 396,346 |   |
| Marketing Expenses                                |   |                                | -         |   |                              |   | -         |                           |   |   | -         |   |   |           | -         |   |   |   | 156,562 |   |
| Consulting Fees                                   |   |                                | -         |   |                              |   | -         |                           |   |   | -         |   |   |           | -         |   |   |   | 216,510 |   |
| Compensation Expense                              |   |                                | 22,500    |   |                              |   | 22,500    |                           |   |   | 45,000    |   |   |           | 45,000    |   |   |   | 506,031 |   |
| Severance Expense                                 |   |                                | 20,999    |   |                              |   | -         |                           |   |   | 41,314    |   |   |           | -         |   |   |   | 1,357,763 |   |
| General and administrative                        |   |                                | 7,336     |   |                              |   | 3,113     |                           |   |   | 10,793    |   |   |           | 4,108     |   |   |   | 900,115 |   |
|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |   |   |   |   |   |
| Total Operating Expenses                          |   |                                | 62,343    |   |                              |   | 49,208    |                           |   |   | 120,136   |   |   |           | 72,829    |   |   |   | 3,533,327 |   |
|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |   |   |   |   |   |
| Loss from Operations                              |   |                                | (62,343   | )      |                              |   | (49,208   | )                              |   |   | (120,136  | )      |   |           | (72,829   | ) |   |   | (3,533,327 | ) |
|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |   |   |   |   |   |
| Interest Income                                   |   |                                | -         |   |                              |   | -         |                           |   |   | -         |   |   |           | -         |   |   |   | 2,631 |   |
| Foreign Currency Transaction Loss                 |   |                                | (393      | )      |                              |   | (2,547    | )                              |   |   | (510      | )      |   |           | (2,549    | ) |   |   | (7,369 | ) |
| Gain on liquidated damages                        |   |                                | -         |   |                              |   | -         |                           |   |   | -         |   |   |           | -         |   |   |   | 84,949 |   |
| Interest Expense                                  |   |                                | (18,038   | )      |                              |   | (15,745   | )                              |   |   | (35,654   | )      |   |           | (27,976   | ) |   |   | (188,663 | ) |
|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |   |   |   |   |   |
| Total Other Income/(Expense)                      |   |                                | (18,431   | )      |                              |   | (18,292   | )                              |   |   | (36,164   | )      |   |           | (30,525   | ) |   |   | (108,452 | ) |
|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |   |   |   |   |   |
| Provision for Income Taxes                        |   |                                | -         |   |                              |   | -         |                           |   |   | -         |   |   |           | -         |   |   |   | - |   |
|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |   |   |   |   |   |
| Net Loss                                          |   |                                | (80,774   | )      |                              |   | (67,500   | )                              |   |   | (156,300  | )      |   |           | (103,354  | ) |   |   | (3,641,779 | ) |
|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |   |   |   |   |   |
| Other Comprehensive Income / (Loss)               |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |   |   |   |   |   |
| Other Comprehensive Income                        |   |                                | -         |   |                              |   | -         |                           |   |   | -         |   |   |           | -         |   |   |   | 61 |   |
| Foreign Currency Translation Loss                 |   |                                | -         |   |                              |   | -         |                           |   |   | -         |   |   |           | -         |   |   |   | (5,139 | ) |
|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |   |   |   |   |   |
| Comprehensive Loss                                |   | $                                   | (80,774   | )      |                              | $      | (67,500   | )                              |   | $      | (156,300  | )      |   | $              | (103,354  | ) |   | $ | (3,646,857 | ) |
|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |   |   |   |   |   |
| Net Loss Per Share  - basic and diluted |   | $                                   | (0.01     | )      |                              | $      | (0.01     | )                              |   | $      | (0.02     | )      |   | $              | (0.01     | ) |   |   |   |   |
|                                              |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |   |   |   |   |   |
| Weighted average number of shares outstanding     |   |                                | 7,854,150 |   |                              |   | 7,854,150 |                           |   |   | 7,854,150 |   |   |           | 7,854,150 |   |   |   |   |   |
|   during the period - basic and diluted |   |                                |      |   |                              |   |      |                           |   |   |      |   |   |           |      |   |   |   |   |   |

----

| Aspire Japan, Inc.                                               |
|------------------------------------------------------------------|
| (A Development Stage Company)                                    |
| CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) |
| From inception (February 2, 2005) through July 31, 2010          |
| (Unaudited)                                                      |

|                                  |   |            |   |   |         |   |   |              |   |   |                    |   |   |                     |   |   | Accumulated          |   |      |         |   |   |       |   |
|---------------------------------------|--------|-----------------|--------|--------|--------------|--------|--------|-------------------|--------|--------|-------------------------|--------|--------|--------------------------|--------|--------|----------------------|--------|-----------|--------------|--------|--------|------------|--------|
|                                  |   |            |   |   |         |   |   |              |   |   | Deficit                 |   |   |                     |   |   |                 |   |
|                                  |   | Preferred Stock |   |   | Common Stock |   |   | AdditionalPaid In |   |   |  DuringDevelopment |   |   | OtherComprehensiveIncome |   |   |   TotalEquity / |   |
|                                  |   | Shares          |   |   | Par          |   |   | Shares            |   |   | Par                     |   |   | Capital                  |   |   | Stage                |   |      |  (Loss) |   |   | (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                  |   |            | -      |   |         |   | -      |              |   |   | -                       |   |   |                     | -      |   |                 |   | 45,000    |         |   |   | -          |   |   |   | - |   |   |   | 45,000 |   |
|                                  |   |            |   |   |         |   |   |              |   |   |                    |   |   |                     |   |   |                 |   |      |         |   |   |       |   |   |   |   |   |   |   |   |   |
| Net Loss for the six months ended     |   |            |   |   |         |   |   |              |   |   |                    |   |   |                     |   |   |                 |   |      |         |   |   |       |   |   |   |   |   |   |   |   |   |
| July 31, 2010                         |   |            | -      |   |         |   | -      |              |   |   | -                       |   |   |                     |   |   |                 |   | -         |         |   |   | (156,300   | )      |   |   |   |   |   |   | (156,300 | ) |
|                                  |   |            |   |   |         |   |   |              |   |   |                    |   |   |                     |   |   |                 |   |      |         |   |   |       |   |   |   |   |   |   |   |   |   |
| Other Comprehensive Income            |   |            |   |   |         |   |   |              |   |   |                    |   |   |                     |   |   |                 |   |      |         |   |   |       |   |   |   |   |   |   |   | - |   |
|                                  |   |            |   |   |         |   |   |              |   |   |                    |   |   |                     |   |   |                 |   |      |         |   |   |       |   |   |   |   |   |   |   |   |   |
| Total Comprehensive Loss              |   |            |   |   |         |   |   |              |   |   |                    |   |   |                     |   |   |                 |   |      |         |   |   |       |   |   |   |   |   |   |   | (156,300 | ) |
| Balance July 31,2010                  |   |            | -      |   |         | $      | -      |              |   |   | 7,854,150               |   |   | $                        | 7,854  |   |                 | $      | 1,724,396 |         |   | $      | (3,641,779 | )      |   | $ | (5,078 | ) |   | $ | (1,914,607 | ) |

----

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

|                                                                        |                                                                                  |   |                                                                                                                            |   |                                                                                               |   |                                                                                                                                              |   |   |    | For the period     |    |
|-----------------------------------------------------------------------------|---------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------------------|---------|
|                                                                        |                                                                                  |   |                                                                                                                            |   |                                                                                               |   |                                                                                                                                              |   |   |    | February 2, 2005   |    |
|                                                                        |                                                                                  |   | For The Six Months Ended July 31,                                                                                               |   |                                                                                               |   | (Inception) to                                                                                                                                    |   |
|                                                                        |                                                                                  |   | 2010                                                                                                                            |   |                                                                                               |   | 2009                                                                                                                                              |   |   |    | July 31, 2010      |    |
|                                                                        |                                                                                  |   |                                                                                                                            |   |                                                                                               |   |                                                                                                                                              |   |   |    |               |    |
| Cash Flows From Operating Activities:                                       |                                                                                  |   |                                                                                                                            |   |                                                                                               |   |                                                                                                                                              |   |   |    |               |    |
| Net Loss                                                                    |                                                                                  | $      | (156,300)                                                                                                                       |   |                                                                                               | $      | (103,354)                                                                                                                                         |   |   | $       | (3,641,779         | )  |
|                                                                        |                                                                                  |   |                                                                                                                            |   |                                                                                               |   |                                                                                                                                              |   |   |    |               |    |
| Adjustments to reconcile net loss to net cash used in operations            |                                                                                  |   |                                                                                                                            |   |                                                                                               |   |                                                                                                                                              |   |   |    |               |
|     In-kind contribution                                |                                                                                  |   |             45,000                                                  |   |                                                                                               |   |                 45,000                                            |   |   |    | 283,000            |    |
|     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                              |                                                                                  |   |              (2,111)                                           |   |                                                                                               |   |                (11,520)                                                |   |   |    | (2,656             | )       |
| Increase/ (Decrease) in Accounts Payable and Accrued Expenses     |              (1,753) |   |                                                                                                                            |   |                (25,868) |   |                                                                                                                                              |   | 18,600 |    |
|    Increase in  Accrued Interest                   |                                                                                  |   |             34,358                                                  |   |                                                                                               |   |                 27,976                                            |   |   |    | 171,682            |    |
|    Increase in accrued interest - related party              |                                                                                  |   |               1,326                                       |   |                                                                                               |   |                         - |   |   |    | 10,493             |    |
|    Increase in  Accrued judgement                  |                                                                                  |   |             41,314                                                  |   |                                                                                               |   |                         - |   |   |    | 1,091,033          |    |
|    Increase in accrued severance                             |                                                                                  |   |                    -             |   |                                                                                               |   |                         - |   |   |    | 236,730            |    |
|                                                                        |                                                                                  |   |                                                                                                                            |   |                                                                                               |   |                                                                                                                                              |   |   |    |               |    |
| Net Cash Used In Operating Activities                                       |                                                                                  |   | (38,166)                                                                                                                        |   |                                                                                               |   |                (68,241)                                                |   |   |    | (1,678,455         | )       |
|                                                                        |                                                                                  |   |                                                                                                                            |   |                                                                                               |   |                                                                                                                                              |   |   |    |               |    |
| 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                                                  |                                                                                  |   |                      - |   |                                                                                               |   |                 93,770                                            |   |   |    | 943,175            |    |
| Repayment of Note Payable                                                   |                                                                                  |   |                      - |   |                                                                                               |   |                                                                                                                                              |   |   |    | (30,396            | )       |
| Repayment of Note Payable - related party                                   |                                                                                  |   |            (15,300)                                                      |   |                                                                                               |   |                (45,000)                                                |   |   |    | (681,060           | )  |
| Proceeds from Note Payable - related party                                  |                                                                                  |   |             53,444                                                  |   |                                                                                               |   |                 20,010                                            |   |   |    | 740,297            |    |
| Proceeds from Common Stock issuance                                         |                                                                                  |   |                    -             |   |                                                                                               |   |                         - |   |   |    | 716,700            |    |
|                                                                        |                                                                                  |   |                                                                                                                            |   |                                                                                               |   |                                                                                                                                              |   |   |    |               |    |
| Net Cash Provided by Financing Activities                                   |                                                                                  |   |             38,144                                                  |   |                                                                                               |   |                 68,780                                            |   |   |    | 1,688,716          |    |
|                                                                        |                                                                                  |   |                                                                                                                            |   |                                                                                               |   |                                                                                                                                              |   |   |    |               |    |
| Net Increase / (Decrease) in Cash                                           |                                                                                  |   |                   (22)                |   |                                                                                               |   |                     539                       |   |   |    | 5,444              |    |
|                                                                        |                                                                                  |   |                                                                                                                            |   |                                                                                               |   |                                                                                                                                              |   |   |    |               |    |
| Effect of Exchange Rate on Cash                                             |                                                                                  |   |                      - |   |                                                                                               |   |                         - |   |   |    | (5,078             | )       |
|                                                                        |                                                                                  |   |                                                                                                                            |   |                                                                                               |   |                                                                                                                                              |   |   |    |               |    |
| Cash at Beginning of Period                                                 |                                                                                  |   |                  388                       |   |                                                                                               |   |                     712                       |   |   |    | -                  |    |
|                                                                        |                                                                                  |   |                                                                                                                            |   |                                                                                               |   |                                                                                                                                              |   |   |    |               |    |
| Cash at End of Period                                                       |                                                                                  | $      | 366                                                                                                                             |   |                                                                                               | $      | 1,251                                                                                                                                             |   |   | $  | 366                |    |
|                                                                        |                                                                                  |   |                                                                                                                            |   |                                                                                               |   |                                                                                                                                              |   |   |    |               |    |
| Supplemental disclosure of cash flow information:                           |                                                                                  |   |                                                                                                                            |   |                                                                                               |   |                                                                                                                                              |   |   |    |               |
|                                                                        |                                                                                  |   |                                                                                                                            |   |                                                                                               |   |                                                                                                                                              |   |   |    |               |    |
| Cash paid for interest                                                      |                                                                                  | $      | -                                                                                                                               |   |                                                                                               | $      | -                                                                                                                                                 |   |   | $  | 5,951              |    |
|                                                                        |                                                                                  |   |                                                                                                                            |   |                                                                                               |   |                                                                                                                                              |   |   |    |               |    |
| Cash paid for taxes                                                         |                                                                                  | $      | -                                                                                                                               |   |                                                                                               | $      | -                                                                                                                                                 |   |   | $  | -                  |    |

| ($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)     |

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|                           | ASPIRE JAPAN, INC. |
|--------------------------------|--------------------|
|                           |               |
| Date: September 14, 2010  | By:      | /s/ Ken Osako |
|                           |               | Ken Osako |
|                           |               | President, Chief Executive Officer,Chief Financial Officer |

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