| COLORADO                                 | 47-0883144                           |
|------------------------------------------|--------------------------------------|
| (State or other jurisdiction of          | (I.R.S. Employer Identification No.) |
| incorporation or organization)           |                                 |
|                                     |                                 |
| 16200 WCR 18 E, Loveland, Colorado       | 80537                                |
| (Address of principal executive offices) | (Zip code)                           |

| Large accelerated filer [ ] | Accelerated filer [ ]         |
|-----------------------------|-------------------------------|
| Non-accelerated filer [ ]   | Smaller Reporting Company [X] |

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|                                                                                                |   Page          |
|-----------------------------------------------------------------------------------------------------|---------------------------|
| PART I  FINANCIAL INFORMATION                                                        |                      |
| Item 1. Financial Statements for the period ended May 31, 2010                                      |   3                  |
|       Consolidated Balance Sheets (Unaudited)                         |   4                  |
|       Consolidated Statements of Operations (Unaudited)               |   5                  |
|       Consolidated Statements of Cash Flows (Unaudited)               |   6                  |
|       Notes to Consolidated Financial Statements                      |   7                  |
|                                                                                                |                      |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations |    8  |
|  Item 3. Quantitative and Qualitative Disclosures About Market Risk                            |   9                  |
| Item 4. Controls and Procedures                                                                     |  9                   |
|  Item 4T. Controls and Procedures                                                              |  9                   |
|                                                                                                |                      |
| PART II  OTHER INFORMATION                                                                |                      |
|                                                                                                |                      |
|   Item 1. Legal Proceedings                                                               | 10                   |
|   Item 1A.  Risk Factors                                                        | 10                        |
|   Item 2. Unregistered Sales of Equity Securities and Use of Proceeds                     | 14                        |
|   Item 3. Defaults Upon Senior Securities                                                 | 14                        |
|   Item 4. Submission of Matters to a Vote of Security Holders                             | 15                        |
|   Item 5. Other Information                                                               | 15                        |
|   Item 6. Exhibits                                                                        | 15                        |
|                                                                                                |                      |
| Signatures                                                                                          | 16                        |
|                                                                                                |                      |

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|                                                                                                         |   | May 31,     |     |   | August 31, |   |
|--------------------------------------------------------------------------------------------------------------|--------|-------------|----------|--------|------------|--------|
|                                                                                                         |   | 2010        |     |   | 2009       |   |
|                  Assets |   | (unaudited) |     |   |       |   |
|                                                                                                         |   |        |     |   |       |   |
| Current Assets:                                                                                              |   |        |     |   |       |   |
| Cash                                                                                                         |   | $           | 8,100    |   |       | $      | 13,612 |   |
| Prepaid asset                                                                                                |   |        | 171      |   |       |   | 257 |   |
|                                                                                                         |   |        |     |   |       |   |   |   |
| Total current assets                                                                                         |   |        | 8,271    |   |       |   | 13,869 |   |
|                                                                                                         |   |        |     |   |       |   |   |   |
| Property and equipment, net                                                                                  |   |        | 27,954   |   |       |   | 27,983 |   |
|                                                                                                         |   |        |     |   |       |   |   |   |
| Total assets                                                                                                 |   | $           | 36,225   |   |       | $      | 41,852 |   |
|                                                                                                         |   |        |     |   |       |   |   |   |
|                                                                                                         |   |        |     |   |       |   |   |   |
| Liabilities and Shareholders’ Equity (Deficit)                                                         |   |        |     |   |       |
| Current liabilities:                                                                                         |   |        |     |   |       |   |   |   |
| Accounts payable                                                                                             |   | $           | —  |   |       | $      | — |   |
| Accrued interest payable, related party                                                                      |   |        | 3,667    |   |       |   | 820 |   |
| Loans payable to related party                                                                               |   |        | 80,582   |   |       |   | 54,615 |   |
|                                                                                                         |   |        |     |   |       |   |   |   |
| Total current liabilities                                                                                    |   |        | 84,249   |   |       |   | 55,435 |   |
|                                                                                                         |   |        |     |   |       |   |   |   |
| Shareholders’ equity (deficit):                                                                        |   |        |     |   |       |   |   |   |
| Common stock, no par value; 20,000,000 shares authorized,                                                    |   |        |     |   |       |   |   |   |
| 3,514,000 and 3,469,500 shares issued and outstanding, respectively                                          |   |        | 230,250  |   |       |   | 221,350 |   |
| Additional paid-in capital                                                                                   |   |        | 22,510   |   |       |   | 20,471 |   |
| Accumulated other comprehensive gain (loss)                                                                  |   |        | 54       |   |       |   | (765 | ) |
| Accumulated deficit                                                                                          |   |        | (500     | )      |       |   | (500 | ) |
| Deficit accumulated during development stage                                                                 |   |        | (300,338 | )      |       |   | (254,139 | ) |
| Total shareholders' equity (deficit)                                                                         |   |        | (48,024  | )      |       |   | (13,583 | ) |
|                                                                                                         |   |        |     |   |       |   |   |   |
| Total liabilities and shareholders' equity (deficit)                                                         |   | $           | 36,225   |   |       | $      | 41,852 |   |

----

|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   | March 1,    |      |
|----------------------------------------------|--------|----------------------------|-----------|--------|---------------------------|--------|-----------|---------|--------|--------|-----------|--------|--------|-------------|-----------|
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   | 2005        |      |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   | (Inception) |      |
|                                         |   | For the Three Months Ended |      |   | For the Nine Months Ended |   |      | Through |   |
|                                         |   | May 31,                    |      |   | May 31,                   |   |      | May 31, |   |
|                                         |   | 2010                       |      |   | 2009                      |   |      | 2010    |   |   | 2009      |   |   | 2010        |      |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |
| Revenue                                      |   | $                          | —   |   |                      | $      | 1,750     |    |   | $      | —   |   |   | $           | 1,750     |   |   | $ | 1,750 |   |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Operating expenses:                          |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Professional fees                            |   |                       | 3,376     |   |                      |   | 3,195     |    |   |   | 18,050    |   |   |        | 17,959    |   |   |   | 81,691 |   |
| Contributed services, related party (Note 3) |   |                       | 629       |   |                      |   | 590       |    |   |   | 2,039     |   |   |        | 2,120     |   |   |   | 18,020 |   |
| General and administrative                   |   |                       | 9,813     |   |                      |   | 6,733     |    |   |   | 23,537    |   |   |        | 27,078    |   |   |   | 189,817 |   |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Total operating expenses                     |   |                       | 13,818    |   |                      |   | 10,518    |    |   |   | 43,626    |   |   |        | 47,157    |   |   |   | 289,528 |   |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Loss from operations                         |   |                       | (13,818   | )      |                      |   | (8,768    | )       |   |   | (43,626   | )      |   |        | (45,407   | ) |   |   | (287,778 | ) |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Other Income (Expense)                       |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Other income                                 |   |                       | —   |   |                      |   | —   |    |   |   | 274       |   |   |        | —   |   |   |   | 274 |   |
| Interest expense                             |   |                       | (1,083    | )      |                      |   | (765      | )       |   |   | (2,847    | )      |   |        | (2,252    | ) |   |   | (12,834 | ) |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Total other expenses                         |   |                       | (1,083    | )      |                      |   | (765      | )       |   |   | (2,573    | )      |   |        | (2,252    | ) |   |   | (12,560 | ) |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Net loss                                     |   |                       | (14,901   | )      |                      |   | (9,533    | )       |   |   | (46,199   | )      |   |        | (47,659   | ) |   |   | (300,338 | ) |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Other Comprehensive Income (Loss)            |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Gain (loss) on foreign currency exchange     |   |                       | 858       |   |                      |   | —   |    |   |   | 819       |   |   |        | (1,365    | ) |   |   | 54 |   |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Total Comprehensive Loss                     |   | $                          | (14,043   | )      |                      | $      | (9,533    | )       |   | $      | (45,380   | )      |   | $           | (49,024   | ) |   | $ | (300,284 | ) |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Basic and diluted loss per share             |   | $                          | (0.00     | )      |                      | $      | (0.00     | )       |   | $      | (0.01     | )      |   | $           | (0.01     | ) |   |   |   |   |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Basic and diluted weighted average           |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| common shares outstanding                    |   |                       | 3,489,391 |   |                      |   | 3,409,652 |    |   |   | 3,477,119 |   |   |        | 3,418,410 |   |   |   |   |   |

----

|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   | Deficit     |   |
|--------------------------------------------------|--------|--------------|-----------|--------|---------|--------|---------|---------------|--------|--------|-------------|--------|--------|-------------|---------|--------|-------------|--------|
|                                             |   |         |      |   |    |   |    |          |   |   | Accumulated |   |   |        |    |   | Accumulated |   |
|                                             |   |         |      |   |    |   |    | Additional    |   |   | Other       |   |   |        |    |   | During      |   |
|                                             |   | Common Stock |      |   | Paid-in |   |    | Comprehensive |   |   | Accumulated |   |   | Development |    |
|                                             |   | Shares       |      |   | Amount  |   |    | Capital       |   |   | Loss        |   |   | Deficit     |    |   | Stage       |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |
| Balance at March 1, 2005 (inception)             |   |         | 100,000   |   |    | $      | 500     |          |   | $      | 100         |   |   | $           | — |   |        | $      | (500 | ) |   | $ | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Common stock issued in exchange for a            |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Sailing vessel at $0.034 per share               |   |         | 1,150,000 |   |    |   | 39,000  |          |   |   | —     |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Net loss, period ended August 31, 2005           |   |         | —   |   |    |   | — |          |   |   | —     |   |   |        | — |   |        |   | — |   |   |   | (18,677 | ) |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Balance at August 31, 2005                       |   |         | 1,250,000 |   |    |   | 39,500  |          |   |   | 100         |   |   |        | — |   |        |   | (500 | ) |   |   | (18,677 | ) |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Common stock issued for services                 |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| at $0.04 per share                               |   |         | 700,000   |   |    |   | 28,000  |          |   |   | —     |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Common stock issued for services to a            |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| related party at $0.04 per share                 |   |         | 700,000   |   |    |   | 28,000  |          |   |   | —     |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Common stock issued for cash                     |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| at $0.10 per share                               |   |         | 500,000   |   |    |   | 50,000  |          |   |   | —     |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Contributed capital                              |   |         | —   |   |    |   | — |          |   |   | 1,965       |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Net loss, year ended August 31, 2006             |   |         | —   |   |    |   | — |          |   |   | —     |   |   |        | — |   |        |   | — |   |   |   | (70,441 | ) |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Balance at August 31, 2006                       |   |         | 3,150,000 |   |    |   | 145,500 |          |   |   | 2,065       |   |   |        | — |   |        |   | (500 | ) |   |   | (89,118 | ) |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Contributed capital                              |   |         | —   |   |    |   | — |          |   |   | 925         |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Office space contributed by an officer.          |   |         | —   |   |    |   | — |          |   |   | 1,200       |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Services contributed by an officer.              |   |         | —   |   |    |   | — |          |   |   | 7,271       |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Foreign currency exchange gain.                  |   |         | —   |   |    |   | — |          |   |   | —     |   |   |        | 417     |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Net loss, year ended August 31, 2007             |   |         | —   |   |    |   | — |          |   |   | —     |   |   |        | — |   |        |   | — |   |   |   | (48,954 | ) |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Balance at August 31, 2007                       |   |         | 3,150,000 |   |    |   | 145,500 |          |   |   | 11,461      |   |   |        | 417     |   |        |   | (500 | ) |   |   | (138,072 | ) |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Common stock issued for cash at $0.25 per share  |   |         | 239,000   |   |    |   | 59,750  |          |   |   | —     |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Contributed capital                              |   |         | —   |   |    |   | — |          |   |   | 669         |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Office space contributed by an officer           |   |         | —   |   |    |   | — |          |   |   | 1,200       |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Services contributed by an officer               |   |         | —   |   |    |   | — |          |   |   | 2,674       |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Foreign currency exchange gain.                  |   |         | —   |   |    |   | — |          |   |   | —     |   |   |        | 32      |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Net loss, year ended August 31, 2008             |   |         | —   |   |    |   | — |          |   |   | —     |   |   |        | — |   |        |   | — |   |   |   | (57,173 | ) |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Balance at August 31, 2008                       |   |         | 3,389,000 |   |    |   | 205,250 |          |   |   | 16,004      |   |   |        | 449     |   |        |   | (500 | ) |   |   | (195,245 | ) |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Contributed capital                              |   |         | —   |   |    |   | — |          |   |   | 1,757       |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Office space contributed by                      |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
|    an officer.                    |   |         | —   |   |    |   | — |          |   |   | 1,200       |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Services contributed by an officer               |   |         | —   |   |    |   | — |          |   |   | 1,510       |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Foreign currency exchange loss                   |   |         | —   |   |    |   | — |          |   |   | —     |   |   |        | (1,214  | )      |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Common stock issued for cash                     |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| at $0.20 per share                               |   |         | 80,500    |   |    |   | 16,100  |          |   |   | —     |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Net loss, year ended August 31, 2009             |   |         | —   |   |    |   | — |          |   |   | —     |   |   |        | — |   |        |   |   |   |   |   | (58,894 | ) |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Balance at August 31, 2009                       |   |         | 3,469,500 |   |    |   | 221,350 |          |   |   | 20,471      |   |   |        | (765    | )      |        |   | (500 | ) |   |   | (254,139 | ) |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Office space contributed by                      |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
|    an officer (unaudited).        |   |         | —   |   |    |   | — |          |   |   | 900         |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Services contributed by an officer (unaudited).  |   |         | —   |   |    |   | — |          |   |   | 1,139       |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Common stock issued for cash                     |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| at $0.20 per share (unaudited)                   |   |         | 44,500    |   |    |   | 8,900   |          |   |   | —     |   |   |        | — |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Foreign currency exchange gain (unaudited). |   |         | —   |   |    |   | — |          |   |   | —     |   |   |        | 819     |   |        |   | — |   |   |   | — |   |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Net loss, period ended May 31, 2010 (unaudited)  |   |         | —   |   |    |   | — |          |   |   | —     |   |   |        | — |   |        |   |   |   |   |   | (46,199 | ) |
|                                             |   |         |      |   |    |   |    |          |   |   |        |   |   |        |    |   |        |   |   |   |   |   |   |   |
| Balance at May 31, 2010 (unaudited)              |   |         | 3,514,000 |   |    | $      | 230,250 |          |   | $      | 22,510      |   |   | $           | 54      |   |        | $      | (500 | ) |   | $ | (300,338 | ) |

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|                                                                                       |   |                      |    |   |    |   |    | March 1,    |   |
|--------------------------------------------------------------------------------------------|--------|---------------------------|---------|--------|---------|--------|---------|-------------|--------|
|                                                                                       |   |                      |    |   |    |   |    | 2005        |   |
|                                                                                       |   |                      |    |   |    |   |    | (Inception) |   |
|                                                                                       |   | For the Nine Months Ended |    |   | Through |   |
|                                                                                       |   | May 31,                   |    |   | May 31, |   |
|                                                                                       |   | 2010                      |    |   | 2009    |   |    | 2010        |   |
| Cash flows from operating activities:                                                      |   |                      |    |   |    |   |    |        |   |
| Net loss                                                                                   |   | $                         | (46,199 | )      |    | $      | (47,659 | )           |   | $ | (300,338 | ) |
| Adjustments to reconcile net loss to net cash                                              |   |                      |    |   |    |   |    |        |   |   |   |   |
| used by operating activities:                                                              |   |                      |    |   |    |   |    |        |   |   |   |   |
| Depreciation expense                                                                       |   |                      | 6,604   |   |    |   | 6,213   |        |   |   | 37,916 |   |
| Contributed capital to fund expenses                                                       |   |                      | 2,039   |   |    |   | 2,186   |        |   |   | 22,410 |   |
| Common stock issued for services.                                                          |   |                      | — |   |    |   | — |        |   |   | 56,000 |   |
| Changes in operating assets and liabilities:                                               |   |                      |    |   |    |   |    |        |   |   |   |   |
| (Increase) decrease in prepaid services                                                    |   |                      | 86      |   |    |   | (93     | )           |   |   | (171 | ) |
| Increase (decrease) in accounts payable                                                    |   |                      |    |   |    |   |    |        |   |   |   |   |
| and accrued liabilities                                                                    |   |                      | 3,668   |   |    |   | (600    | )           |   |   | 13,984 |   |
| Net cash used in                                                                           |   |                      |    |   |    |   |    |        |   |   |   |   |
| operating activities                                                                       |   |                      | (33,802 | )      |    |   | (39,953 | )           |   |   | (170,199 | ) |
|                                                                                       |   |                      |    |   |    |   |    |        |   |   |   |   |
| Cash flows from investing activities:                                                      |   |                      |    |   |    |   |    |        |   |   |   |   |
| Cash paid for fixed assets                                                                 |   |                      | (6,576  | )      |    |   | — |        |   |   | (26,870 | ) |
| Net cash used in                                                                           |   |                      |    |   |    |   |    |        |   |   |   |   |
| investing activities                                                                       |   |                      | (6,576  | )      |    |   | — |        |   |   | (26,870 | ) |
|                                                                                       |   |                      |    |   |    |   |    |        |   |   |   |   |
| Cash flows from financing activities:                                                      |   |                      |    |   |    |   |    |        |   |   |   |   |
| Common stock issued for cash                                                               |   |                      | 8,900   |   |    |   | 8,600   |        |   |   | 134,750 |   |
| Proceeds from related party loans                                                          |   |                      | 25,966  |   |    |   | 6,500   |        |   |   | 70,319 |   |
| Net cash provided by                                                                       |   |                      |    |   |    |   |    |        |   |   |   |   |
| financing activities                                                                       |   |                      | 34,866  |   |    |   | 15,100  |        |   |   | 205,069 |   |
|                                                                                       |   |                      |    |   |    |   |    |        |   |   |   |   |
| Net change in cash                                                                         |   |                      | (5,512  | )      |    |   | (24,853 | )           |   |   | 8,000 |   |
|                                                                                       |   |                      |    |   |    |   |    |        |   |   |   |   |
| Cash, beginning of period                                                                  |   |                      | 13,612  |   |    |   | 37,643  |        |   |   | 100 |   |
|                                                                                       |   |                      |    |   |    |   |    |        |   |   |   |   |
| Cash, end of period                                                                        |   | $                         | 8,100   |   |    | $      | 12,790  |        |   | $ | 8,100 |   |
|                                                                                       |   |                      |    |   |    |   |    |        |   |   |   |   |
| Supplemental disclosure of cash flow information:                                          |   |                      |    |   |    |   |    |        |   |   |   |   |
| Cash paid during the period for:                                                           |   |                      |    |   |    |   |    |        |   |   |   |   |
|              Income taxes |   |                      |    |   |    |   |    |        |   |   |   |   |
|              Interest     |   |                      |    |   |    |   |    |        |   |   |   |   |
|                                                                                       |   |                      |    |   |    |   |    |        |   |   |   |   |
|                                                                                       |   | $                         | — |   |    | $      | — |        |   | $ | — |   |
|                                                                                       |   | $                         | — |   |    | $      | — |        |   | $ | — |   |
|                                                                                       |   |                      |    |   |    |   |    |        |   |   |   |   |
|                                                                                       |   |                      |    |   |    |   |    |        |   |   |   |   |
| NON CASH FINANCING ACTIVITIES:                                                             |   |                      |    |   |    |   |    |        |   |   |   |   |
| Common stock issued for services                                                           |   | $                         | — |   |    | $      | — |        |   | $ | 56,000 |   |

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|   | (a)  Exhibits:                                                                                                               |   |
|--------|-----------------------------------------------------------------------------------------------------------------------------------|--------|
|   |                                                                                                                              |   |
|   | 31.1:           Certification of Principal Executive and Financial Officer |   |
|   | 32.1:           Section 1350 Certification                                 |   |
|   |                                                                                                                              |
|   |                                                                                                                              |   |
|   | (b)   Reports on Form 8-K:                                                                                              |   |
|   |                                                                                                                              |   |
|   | None.                                                                                                                             |   |

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|                                                                                                                                                                                                                                                                                                         |               | ROSEWIND CORPORATION |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|----------------------|
|                                                                                                                                                                                                                                                                                                         |               | (Registrant)         |
|                                                                                                                                                                                                                                                                                                         |               |                 |
|                                                                                                                                                                                                                                                                                                         |               |                 |
| DATE:    July 15, 2010                                            | BY:                | /s/ James B. Wiegand |
|                                                                                                                                                                                                                                                                                                         |               | James B. Wiegand     |
|                                                                                                                                                                                                                                                                                                         |     | President            |

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