Potse. Share issuances and associated valuation:
"On March 20, 2012, the Company issued 45,000 shares of its common stock to the consultants in consideration of satisfaction for consulting services rendered for a fair value of $8,100. On March 22, 2012, the Company has entered into a six-month loan agreement with a third party for the amount of $79,282 (RMB500,000 equivalents) that is repayable on September 20, 2012. The due date of the loan has been extended to December 2012 with mutual agreement. The Company issued 879,196 shares of its common stock as collateral. The collateral will be returned to the Company on the payback date of the loan.
On May 1, 2012, the Company issued 25,000 shares of its common stock to a consultant in consideration of satisfaction for consulting services rendered for a fair value of $2,750.
On July 10, 2012, the Company issued 25,000 restricted shares of its common stock to the Chief Financial Controller as compensation of $2,000 for the past services provided. The Company also issued 50,000 restricted shares of its common stock to directors in consideration of satisfaction for services rendered for a fair value of $4,000. The Company also issued 277,778 shares of its common stock to a lawyer in consideration of satisfaction for legal services rendered for a fair value of $30,000.
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