----

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| Nevada                                                      | 20-1898270                 |
|-------------------------------------------------------------|----------------------------|
| State or other jurisdiction ofincorporation or organization | (I.R.S. Employer I.D. No.) |
|                                                        |                       |
| 1532 East St. Marks Court, Salt Lake City, Utah             | 84124                      |
| (Address of principal executive offices)                    | (Zip Code)                 |

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|                                                  |   | For the Year EndedDecember 31, 2010 |      |   | For the Year EndedDecember 31, 2009 |   |
|-------------------------------------------------------|--------|-------------------------------------|-----------|--------|-------------------------------------|--------|
| Revenues                                              |   | $                                   | 172,771   |   |                                | $      | 182,160 |   |
| Cost of Goods Sold                                    |   |                                | 40,629    |   |                                |   | 41,810 |   |
| Operating Expenses                                    |   |                                | 169,932   |   |                                |   | 175,999 |   |
| Net Income (Loss)                                     |   |                                | 41,544    |   |                                |   | (38,192 | ) |
| Basic Income (Loss) per Share                         |   |                                | (0.03     | )      |                                |   | (0.03 | ) |
| Diluted Income (Loss) per Share                       |   |                                | (0.03     | )      |                                |   | (0.03 | ) |
| Basic Weighted Average Number of Shares Outstanding   |   |                                | 1,300,000 |   |                                |   | 1,300,000 |   |
| Diluted Weighted Average Number of Shares Outstanding |   |                                | 1,300,000 |   |                                |   | 1,300,000 |   |
|  BALANCE SHEET DATA:                             |   |                                |      |   |                                |   |   |   |
|                                                  |   | December 31, 2010                   |      |   | December 31, 2009                   |   |
| Total Current Assets                                  |   | $                                   | 5,531     |   |                                | $      | 14,917 |   |
| Total Assets                                          |   |                                | 27,035    |   |                                |   | 60,241 |   |
| Total Current Liabilities                             |   |                                | 55,126    |   |                                |   | 45,214 |   |
| Working Capital (Deficit)                             |   |                                | (49,595   | )      |                                |   | (30,297 | ) |
| Stockholders’ Equity (Deficit)                  |   |                                | (30,714   | )      |                                |   | 10,830 |   |

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| ·   | The Company estimates fair value using the Black-Scholes valuation model. Assumptions used to estimate compensation expense are determined as follows: |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Expected term is determined using an average of the contractual term and vesting period of the award; |
|--------------------|-------------------------------------------------------------------------------------------------------|

| ·   | Expected volatility of award grants made under the Company's plans is measured using the historical daily changes in the market price of similar industry indices, which are publicly traded, over the expected term of the award; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Risk-free interest rate is equivalent to the implied yield on zero-coupon U.S. Treasury bonds with a remaining maturity equal to the expected term of the awards; and, |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Name               | Age | Position With Ultra Sun                                         |
|--------------------|-----|-----------------------------------------------------------------|
| Neil Blosch        | 51  | Director, Chief Executive Officer, Principal Accounting Officer |
| Dave O’ Bagy | 56  | Director                                                        |

----

|   Name andPrincipal Position |    Year |    Salary |    Bonus |   StockAwards |   OptionAwards |  Non-EquityIncentive PlanCompensation | NonqualifiedDeferredCompensationEarnings |   AllOther Compensation |    Total |
|----------------------------------------|------------------------|--------------------------|-------------------------|-------------------------|--------------------------|--------------------------------------------|------------------------------------------|-----------------------------------|-------------------------|
| Neil Blosch                            | 2010                   | --                       | --                      | --                      | --                       | --                                         | --                                       | --                                | --                      |
|   CEO                        |                   |                     |                    |                    |                     |                                       |                                     |                              |                    |
|                                   | 2009                   | --                       | --                      | --                      | --                       | --                                         | --                                       | --                                | --                      |
|                                   | 2008                   | --                       | --                      | --                      | --                       | --                                         | --                                       | --                                | --                      |
|                                   |                   |                     |                    |                    |                     |                                       |                                     |                              |                    |

----

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| Title of Class         | Name of Beneficial Owner                                       | Number of Shares Owned | Percent of Class |
|------------------------|----------------------------------------------------------------|------------------------|------------------|
|                   | Principal Stockholders                                         |                   |             |
| Common                 | Jeff W. HolmesP.O. Box 11207Zephyr Cove, NV 89448              | 378,900                | 29.15%           |
| Common                 | Kirk Blosch2081 Lakeline DriveSalt Lake City, Utah 84111       | 378,900                | 29.15%           |
| Common                 | Neil Blosch1532 East St. Marks CourtSalt Lake City, Utah 84124 | 71,400                 | 5.49%            |
|                   |                                                           |
| Officers and Directors |                                                           |
| Common                 | Neil Blosch                                                    | See Above              |             |
| Common                 | Dave O’Bagy                                              | -0-                    | -0-              |
| Common                 | All Officers and Directors as a Group (2 Persons)              | 71,400                 |             |

----

| Plan Category                                              | Number of Securities to be issued upon exercise of outstanding options, warrants and rights | Weighted-average exercise price of outstanding options, warrants and rights | Number of securities remaining available for future issuance under equity compensation plans excluding securities reflected in column (a) |
|------------------------------------------------------------|---------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------|
|                                                       | (a)                                                                                         | (b)                                                                         | (c)                                                                                                                                       |
| Equity compensation plans approved by security holders     | None                                                                                        | None                                                                        | None                                                                                                                                      |
| Equity compensation plans not approved by security holders | None                                                                                        | None                                                                        | None                                                                                                                                      |
| Total                                                      | NA                                                                                          | NA                                                                          | NA                                                                                                                                        |

----

----

| Title of Document                                            | Page   |
|--------------------------------------------------------------|--------|
|                                                         |   |
| Report of Independent Registered Public Accounting Firm      | F-1    |
| Balance Sheets                                               | F-2    |
| Statements of Operations                                     | F-3    |
| Statement of Changes in Stockholders’ Equity (Deficit) | F-4    |
| Statements of Cash Flows                                     | F-5    |
| Notes to Financial Statements                                | F-6    |

|  ExhibitNumber | SECReferenceNumber                                                                                     |   Title of Document             |  Location             |
|---------------------|--------------------------------------------------------------------------------------------------------|-------------------------------------------|----------------------------|
| Item 3              | Articles of Incorporation and Bylaws                                                                   |
|                |                                                                                                   |
|  3.01          | 3                                                                                                      | Articles of Incorporation                 | Incorporated by reference* |
|                |                                                                                                   |                                      |                       |
|  3.02          | 3                                                                                                      | Bylaws                                    | Incorporated by reference* |
|                |                                                                                                   |                                      |                       |
| Item 4-------       | Instruments Defining the Rights of Security Holders--------------------------------------------------- |                                      |
|                |                                                                                                   |                                      |
|  4.01          | 4                                                                                                      | Specimen Stock Certificate                | Incorporated by reference* |
|                |                                                                                                   |                                      |                       |
| 31.01               | 31                                                                                                     | CEO certification                         | This Filing                |
|                |                                                                                                   |                                      |                       |
| 31.02               | 31                                                                                                     | PRINCIPAL FINANCIAL OFFICER certification | This Filing                |
|                |                                                                                                   |                                      |                       |
| 32.01               | 32                                                                                                     | CEO certification                         | This Filing                |
|                |                                                                                                   |                                      |                       |
| 32.02               | 32                                                                                                     | PRINCIPAL FINANCIAL OFFICER certification | This Filing                |
|                |                                                                                                   |                                      |                       |

----

| Signature                                                                                                                                                                  | Title    | Date                 |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|----------------------|
|                                                                                                                                                                       |     |                 |
| /s/Neil Blosch                           | Director | March 25, 2011       |
| Neil Blosch                                                                                                                                                                |
|                                                                                                                                                                       |     |                 |
| /s/ Dave O'Bagy                                              | Director | March 25, 2011  |
| Dave O'Bagy                                                                                                                                                                |

----

|                                                    |                                                    |   | Page     |
|---------------------------------------------------------|---------------------------------------------------------|--------|----------|
| Report of Independent Registered Public Accounting Firm |                                                    | F-2    |
|                                                    |                                                    |   |     |
| Financial Statements                                    |                                                    |   |
|                                                    | Balance Sheets                                          |   | F-3      |
|                                                    | Statements of Operations                                |   | F-4      |
|                                                    | Statements of Changes in Stockholders' Equity (Deficit) |   | F-5      |
|                                                    | Statements of Cash Flows                                |   | F-6      |
|                                                    | Notes to the Audited Financial Statements               |   | F-7 - 10 |

----

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| ULTRA SUN CORP.                                                                                             |
|-------------------------------------------------------------------------------------------------------------|
| BALANCE SHEETS                                                                                              |
|                                                                                                        |   |   |
| December 31,                                                                                                |   |
|                                                                                                        | 2010 |   |   | 2009 |   |
| ASSETS                                                                                                      |   |   |   |   |   |
| Current assets:                                                                                             |   |   |   |   |   |
|      Cash                                                                          | $ | 3,925 |   |   | $ | 12,718 |   |
|      Inventory                                                                     |   | 1,606 |   |   |   | 2,199 |   |
| Total current assets                                                                                        |   | 5,531 |   |   |   | 14,917 |   |
| Fixed assets (note 8):                                                                                      |   |   |   |   |   |   |   |
|      Furniture and equipment                                                       |   | 10,619 |   |   |   | 10,619 |   |
|      Tanning beds                                                                  |   | 158,446 |   |   |   | 158,446 |   |
|      Leasehold improvements                                                        |   | 37,250 |   |   |   | 37,250 |   |
|        Total fixed assets                                                |   | 206,315 |   |   |   | 206,315 |   |
|      Less accumulated depreciation                                                 |   | (187,539 | ) |   |   | (163,719 | ) |
|        Net fixed assets                                                  |   | 18,776 |   |   |   | 42,596 |   |
| Other assets:                                                                                               |   |   |   |   |   |   |   |
|      Deposits                                                                      |   | 2,728 |   |   |   | 2,728 |   |
| Total assets                                                                                                | $ | 27,035 |   |   | $ | 60,241 |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                              |   |   |   |   |   |   |   |
| Liabilities                                                                                                 |   |   |   |   |   |   |   |
| Current liabilities:                                                                                        |   |   |   |   |   |   |   |
|      Accounts payable and accrued expenses                                         | $ | 9,736 |   |   | $ | 9,078 |   |
|      Unamortized discharge of indebtedness - current portion (note 5)              |   | 1,574 |   |   |   | 1,574 |   |
|      Notes payable, related party - current portion (note 4)                       |   | 37,500 |   |   |   | 32,000 |   |
|      Accrued interest - notes payable, related party (note 4)                      |   | 6,316 |   |   |   | 2,562 |   |
| Total current liabilities                                                                                   |   | 55,126 |   |   |   | 45,214 |   |
| Long-term liabilities                                                                                       |   |   |   |   |   |   |   |
|      Unamortized discharge of indebtedness - long-term portion (note 5)            |   | 2,623 |   |   |   | 4,197 |   |
| Total long-term liabilities                                                                                 |   | 2,623 |   |   |   | 4,197 |   |
| Total liabilities                                                                                           |   | 57,749 |   |   |   | 49,411 |   |
| Stockholders' equity (deficit)  (note 3)                                                          |   |   |   |   |   |   |   |
|      Preferred stock; $.001 par value, 5,000,000 authorized                        |   |   |   |   |   |   |   |
|           shares, no shares issued and outstanding        |   | - |   |   |   | - |   |
|      Common stock; $.001 par value, 45,000,000 authorized                          |   |   |   |   |   |   |   |
|           shares, 1,300,000 shares issued and outstanding |   | 1,300 |   |   |   | 1,300 |   |
|      Additional paid-in capital                                                    |   | 226,341 |   |   |   | 226,341 |   |
|      Retained deficit                                                              |   | (258,355 | ) |   |   | (216,811 | ) |
|           Total stockholders' equity (deficit)            |   | (30,714 | ) |   |   | 10,830 |   |
| Total liabilities and stockholders' equity (deficit)                                                        | $ | 27,035 |   |   | $ | 60,241 |   |

----

| ULTRA SUN CORP.                                                                 |   |
|---------------------------------------------------------------------------------|--------|
| STATEMENTS OF OPERATIONS                                                        |   |
| FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009                                  |   |
|                                                                            |   |   |   |   |   |   |   |   |
|                                                                            |   |   | 2010 |   |   |   | 2009 |   |
| Revenue                                                                         |   |   |   |   |   |   |   |
|      Tanning and product sales                         |   | $ | 172,771 |   |   | $ | 182,160 |   |
|      Cost of goods sold                                |   |   | (40,629 | ) |   |   | (41,810 | ) |
|                                                                            |   |   |   |   |   |   |   |   |
|           Gross profit (loss) |   |   | 132,142 |   |   |   | 140,350 |   |
|                                                                            |   |   |   |   |   |   |   |   |
| Operating Expenses:                                                             |   |   |   |   |   |   |   |   |
|      General and administrative                        |   |   | 54,672 |   |   |   | 47,401 |   |
|      Payroll                                           |   |   | 59,455 |   |   |   | 67,034 |   |
|      Professional fees                                 |   |   | 21,967 |   |   |   | 28,757 |   |
|      Rent                                              |   |   | 33,838 |   |   |   | 32,807 |   |
|                                                                            |   |   |   |   |   |   |   |   |
| Total operating expenses                                                        |   |   | 169,932 |   |   |   | 175,999 |   |
|                                                                            |   |   |   |   |   |   |   |   |
| Income (loss) from operations                                                   |   |   | (37,790 | ) |   |   | (35,649 | ) |
|                                                                            |   |   |   |   |   |   |   |   |
| Other income (expense)                                                          |   |   |   |   |   |   |   |   |
|      Interest expense                                  |   |   | (3,754 | ) |   |   | (2,543 | ) |
|                                                                            |   |   |   |   |   |   |   |   |
| Total other income (expense)                                                    |   |   | (3,754 | ) |   |   | (2,543 | ) |
|                                                                            |   |   |   |   |   |   |   |   |
| Income taxes (note 2)                                                           |   |   | - |   |   |   | - |   |
|                                                                            |   |   |   |   |   |   |   |   |
| Net income (loss)                                                               |   | $ | (41,544 | ) |   | $ | (38,192 | ) |
|                                                                            |   |   |   |   |   |   |   |   |
| Net income (loss) per share                                                     |   | $ | (0.03 | ) |   | $ | (0.03 | ) |
|                                                                            |   |   |   |   |   |   |   |   |
| Weighted average common                                                         |   |   |   |   |   |   |   |   |
|   shares outstanding                                                  |   |   | 1,300,000 |   |   |   | 1,300,000 |   |
|                                                                            |   |   |   |   |   |   |   |   |
|                                                                            |   |   |   |   |   |   |   |   |

----

| ULTRA SUN CORP.                                         |   |
|---------------------------------------------------------|--------|
| STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) |   |
| FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009          |   |
|                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                    |   |   |   |   | Additional |   |   |   |   |   | Total |   |
|                                                    |   | Common Stock |   |   | Paid-in |   |   | Retained |   |   | Stockholders' |   |
|                                                    |   | Shares |   |   | Amount |   |   | Capital |   |   | Deficit |   |   | Equity |   |
|                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2008                              |   |   | 1,300,000 |   |   | $ | 1,300 |   |   | $ | 226,341 |   |   | $ | (178,619 | ) |   | $ | 49,022 |   |
|                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   December 31, 2009                           |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (38,192 | ) |   |   | (38,192 | ) |
|                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2009                              |   |   | 1,300,000 |   |   |   | 1,300 |   |   |   | 226,341 |   |   |   | (216,811 | ) |   |   | 10,830 |   |
|                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   December 31, 2010                           |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (41,544 | ) |   |   | (41,544 | ) |
|                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2010                              |   |   | 1,300,000 |   |   | $ | 1,300 |   |   | $ | 226,341 |   |   | $ | (258,355 | ) |   | $ | (30,714 | ) |
|                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| ULTRA SUN CORP.                                                                                             |   |
|-------------------------------------------------------------------------------------------------------------|--------|
| STATEMENTS OF CASH FLOWS                                                                                    |   |
| FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009                                                              |   |
|                                                                                                        |   |   |   |   |   |
|                                                                                                        |   |   |   |   |
|                                                                                                        |   |   |   |   |
|                                                                                                        | 2010   |   |   | 2009 |   |
| Operating Activities                                                                                        |   |   |   |   |   |
| Net loss                                                                                                    | $      | (41,544 | ) |   | $ | (38,192 | ) |
|                                                                                                        |   |   |   |   |   |   |   |
| Adjustments to reconcile net loss to net cash                                                               |   |   |   |   |   |   |   |
|   used in operating activities:                                                                   |   |   |   |   |   |   |   |
|      Depreciation and amortization                                                 |   | 23,820 |   |   |   | 24,160 |   |
|                                                                                                        |   |   |   |   |   |   |   |
| Changes in operating assets and liabilities:                                                                |   |   |   |   |   |   |   |
|        (Increase) decrease in inventory                                  |   | 593 |   |   |   | (331 | ) |
|        Decrease in accounts receivable                                   |   | - |   |   |   | 302 |   |
|        Decrease in prepaid expenses                                      |   | - |   |   |   | 2,000 |   |
|        Increase (decrease) in accounts payable                           |   |   |   |   |   |   |   |
|          and accrued expenses                                  |   | 658 |   |   |   | (5,152 | ) |
|        Decrease in due to officer                                        |   | - |   |   |   | (212 | ) |
|        Increase in accrued interest – notes payable, related party |   | 3,754 |   |   |   | 2,534 |   |
|        Increase in unamortized discharge of indebtedness                 |   | (1,574 | ) |   |   | (1,574 | ) |
| Net cash used in operating activities                                                                       |   | (14,293 | ) |   |   | (16,465 | ) |
|                                                                                                        |   |   |   |   |   |   |   |
| Investing Activities                                                                                        |   |   |   |   |   |   |   |
|      Acquisition of leasehold improvements                                         |   | - |   |   |   | (885 | ) |
| Net cash used in investing activities                                                                       |   | - |   |   |   | (885 | ) |
|                                                                                                        |   |   |   |   |   |   |   |
| Financing Activities                                                                                        |   |   |   |   |   |   |   |
|      Proceeds from notes payable, related parties                                  |   | 5,500 |   |   |   | 22,000 |   |
| Net cash provided by financing activities                                                                   |   | 5,500 |   |   |   | 22,000 |   |
|                                                                                                        |   |   |   |   |   |   |   |
| Net increase (decrease) in cash                                                                             |   | (8,793 | ) |   |   | 4,650 |   |
| Cash at beginning of year                                                                                   |   | 12,718 |   |   |   | 8,068 |   |
|                                                                                                        |   |   |   |   |   |   |   |
| Cash at end of year                                                                                         | $      | 3,925 |   |   | $ | 12,718 |   |
|                                                                                                        |   |   |   |   |   |   |   |
|                                                                                                        |   |   |   |   |   |   |   |
| Supplemental disclosures                                                                                    |   |   |   |   |   |   |   |
|      Income taxes paid in cash                                                     | $      | - |   |   | $ | - |   |
|      Interest paid in cash                                                         | $      | - |   |   | $ | 10 |   |
|                                                                                                        |   |   |   |   |   |   |   |

----

----

|                    |   | 2010   |   |   | 2009   |   |
|-------------------------|--------|--------|--------|--------|--------|--------|
| Current – Federal |   | $      | -      |   |   | $      | - |   |
| Current – State   |   |   | -      |   |   |   | - |   |
| Income Tax Provision    |   |   | -      |   |   |   | - |   |
|                    |   | $      | -      |   |   | $      | - |   |

|                                                      |   | 2010   |    |   | 2009   |   |
|-----------------------------------------------------------|--------|--------|---------|--------|--------|--------|
| Expected amount using:                                    |   |   |    |   |   |   |
|      U.S. Federal statutory rate |   | $      | (14,540 | )      |   | $      | (13,367 | ) |
|      Utah statutory rate         |   |   | (2,077  | )      |   |   | (1,910 | ) |
|      Use of loss carryforwards   |   |   | -       |   |   |   | - |   |
|      Valuation allowance         |   |   | 16,617  |   |   |   | 15,277 |   |
|                                                      |   | $      | -       |   |   | $      | - |   |

|                             |   | 2010   |    |   | 2009   |   |
|----------------------------------|--------|--------|---------|--------|--------|--------|
| Net operating loss carryforwards |   | $      | 16,617  |   |   | $      | 15,277 |   |
| Deferred tax liability           |   |   | -       |   |   |   | - |   |
| Valuation allowance              |   |   | (16,617 | )      |   |   | (15,277 | ) |
|                             |   | $      | -       |   |   | $      | - |   |

----

----

----

|                                            |   | 2010                                                                                                                                  |                    | 2009                                      |                                       |                |
|-------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------|-------------------------|-------------------------------------------|--------------------------------------------|---------------------|
| Equipment                                       |   | $                                                                                                                                     |    5,501 |                                      | $                                          |  5,501         |   |   |
| Furniture                                       |   |         5,118                                                                                 |                    |       5,118 |                                       |                |
| Tanning beds                                    |   | 158,446                                                                                                                               |                    |                                      | 158,446                                    |                |   |
| Leasehold improvements                          |   |          37,250                                                                          |                    |                                      | 37,250                                     |                |   |
| Total fixed assets                              |   |                                                                                                                                  |  206,315           |                                      |                                       |   206,315 |   |   |
| Less: accumulated depreciation and amortization |   |     (187,539)                                                                                                     |                    |     (163,719)         |                                       |                |
| Fixed assets, net                               |   | $                     18,776 |                    | $                                         |       42,596 |                |   |

----