EXHIBIT 10.3 SIGNIFICANT ACCOUNTING POLICIES DEFERRED ACCOUNTING COSTS BREAKDOWN

Date

Expense

Payee

US$ Amount

7/25/2011

Accounting

P. Morelli

 $        2,500.00

9/15/2011

Accounting

G. Buczynski

 $        2,250.00

9/20/2011

Accounting

C. Starrs

 $           382.00

11/10/2011

Legal

J. Walker

 $        5,000.00

12/30/2011

Accounting

P. Morelli

 $        2,250.00

Total @ 12/31/11

 $      12,382.00

2/4/2012

Accounting

P. Morelli

 $        1,000.00

3/20/2012

Accounting

P. Morelli

 $        5,000.00

3/20/2012

Accounting

E. Low

 $        1,000.00

6/1/2012

Accounting

P. Morelli

 $        4,000.00

6/8/2012

Accounting

E. Low

 $           967.00

9/30/2012

Accounting

P. Morelli

 $        1,000.00

9/30/2012

Accounting

E. Low

 $        2,048.00

12/31/2012

Accounting

P. Morelli

 $        1,500.00

12/31/2012

Accounting

E. Low

 $        1,000.00

12/31/2012

Accounting

P. Morelli

 $        3,500.00

Total @ 12/31/12

 $      33,397.00