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  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 10-Q</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
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      <td colspan="2" style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Mark One)</font></td></tr>
  <tr>
      <td style="width: 7%; line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%">&nbsp;</td></tr>
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      <td style="text-align: center; line-height: 115%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#9746;</font></td>
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</b></font></td></tr>
  <tr>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%">&nbsp;</td></tr>
  <tr>
      <td colspan="2" style="text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the quarterly period ended February 29, 2016</b></font></td></tr>
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      <td style="text-align: center; line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%">&nbsp;</td></tr>
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      <td style="text-align: center; line-height: 115%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#9744;</font></td>
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</b></font></td></tr>
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  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>For the transition period from ______to______</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Commission File Number:<B> 000-54163</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
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      <td style="width: 100%; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Music of Your Life, Inc.</b></font></td></tr>
  <tr>
      <td style="text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Exact name of registrant as specified in&nbsp;its Charter)</font></td></tr>
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  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;</P>
  
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      <td style="width: 49%; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Florida</b></font></td>
      <td style="width: 5%; line-height: 115%">&nbsp;</td>
      <td style="width: 46%; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>26-2091212</b></font></td></tr>
  <tr style="vertical-align: top">
      <td>
          <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(State or other jurisdiction of</P>
          <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">incorporation or organization)</P></td>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(I.R.S. Employee Identification No.)</font></td></tr>
  <tr style="vertical-align: top">
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%">&nbsp;</td></tr>
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      <td style="border-bottom: black 1.5pt solid">
          <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>3225 McLeod Drive, Suite 100 </b></P>
          <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><b>Las Vegas, Nevada</b></P></td>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>89121</b></font></td></tr>
  <tr style="vertical-align: top">
      <td style="text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Address of principal executive office)</font></td>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="text-align: center; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Zip Code)</font></td></tr>
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  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><B>(800) 351-3021</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(Registrant&rsquo;s telephone number,
  including area code)</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Not Applicable</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><B>&nbsp;</B>(Former
  Name, former address and former fiscal year, if changed since last report)</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Indicate
  by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
  Act of 1934 during the preceding 12 months (or for such shorter period that the issuer was required to file such reports), and
  (2) has been subject to such filing requirements for the past 90 days.</FONT><BR>
  <FONT STYLE="font-family: Times New Roman, Times, Serif">Yes&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"> &#9746;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
  &nbsp;&nbsp;No&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"> &#9744;</FONT></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Indicate
  by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive
  Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (&sect;232.405 of this chapter) during the
  preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
  &#9746;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"> &nbsp;&nbsp;No&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
  &#9744;</FONT></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark whether the registrant
  is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions
  of &ldquo;large accelerated filer,&rdquo;&nbsp;&ldquo;accelerated filer&rdquo; and &ldquo;smaller reporting company&rdquo; in Rule
  12b-2 of the Exchange Act:</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
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      <TD STYLE="width: 56%; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Large accelerated filer</font></td>
      <TD STYLE="width: 5%; line-height: 115%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#9744;</font></td>
      <TD STYLE="width: 23%; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accelerated filer</font></td>
      <TD STYLE="width: 16%; line-height: 115%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#9744;</font></td></tr>
  <tr style="vertical-align: top">
      <TD STYLE="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-accelerated filer (Do not check if smaller reporting company)</font></td>
      <TD STYLE="line-height: 115%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#9744;</font></td>
      <TD STYLE="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Smaller reporting company</font></td>
      <TD STYLE="line-height: 115%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#9746;</font></td></tr>
  </table>
  
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>
  
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  <P STYLE="font: 10pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Indicate
  by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).&nbsp; Yes&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;No</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
  &#9746;</FONT></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate the number of shares outstanding
  of each of the issuer&rsquo;s classes of common stock as of the latest practicable date: As of April 14, 2016, there were 94,646,559
  shares of $0.001 par value common stock, issued and outstanding.</P>
  
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>
  
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  <tr style="vertical-align: top">
      <td style="width: 95%; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><A NAME="TableOfContents"></A>PART I: <A HREF="#a_001">FINANCIAL INFORMATION</A></b></font></td>
      <td style="width: 5%; line-height: 115%">&nbsp;</td></tr>
  <tr style="vertical-align: top">
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%">&nbsp;</td></tr>
  <tr style="vertical-align: top; background-color: #CCEEFF">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 1: <A HREF="#a_002">Financial Statements</A></font></td>
      <td style="text-align: right; line-height: 115%">4</td></tr>
  <tr style="vertical-align: top; background-color: white">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 2: <A HREF="#a_003">Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operation</A></font></td>
      <td style="text-align: right; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14</font></td></tr>
  <tr style="vertical-align: top; background-color: #CCEEFF">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 3: <A HREF="#a_004">Quantitative and Qualitative Disclosures about Market Risk</A></font></td>
      <td style="text-align: right; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">16</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 4: <A HREF="#a_005">Controls and Procedures</A></font></td>
      <td style="text-align: right; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">16</font></td></tr>
  <tr style="vertical-align: top; background-color: #CCEEFF">
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%">&nbsp;</td></tr>
  <tr style="vertical-align: top; background-color: white">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PART II: <A HREF="#a_006">OTHER INFORMATION</A></b></font></td>
      <td style="line-height: 115%">&nbsp;</td></tr>
  <tr style="vertical-align: top; background-color: #CCEEFF">
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%">&nbsp;</td></tr>
  <tr style="vertical-align: top; background-color: white">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 1: <A HREF="#a_007">Legal Proceedings</A></font></td>
      <td style="text-align: right; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">17</font></td></tr>
  <tr style="vertical-align: top; background-color: #CCEEFF">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 1A: <A HREF="#a_008">Risk Factors</A></font></td>
      <td style="text-align: right; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">17</font></td></tr>
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      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 2: <A HREF="#a_009">Unregistered Sales of Equity Securities and Use of Proceeds</A></font></td>
      <td style="text-align: right; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">17</font></td></tr>
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      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 3: <A HREF="#a_010">Defaults Upon Senior Securities</A></font></td>
      <td style="text-align: right; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">17</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 4: <A HREF="#a_011">Mine Safety Disclosures</A></font></td>
      <td style="text-align: right; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">17</font></td></tr>
  <tr style="vertical-align: top; background-color: #CCEEFF">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 5: <A HREF="#a_012">Other Information</A></font></td>
      <td style="text-align: right; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">17</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Item 6: <A HREF="#a_013">Exhibits</A></font></td>
      <td style="text-align: right; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">17</font></td></tr>
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      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%">&nbsp;</td></tr>
  <tr style="vertical-align: top; background-color: white">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><A HREF="#a_014">SIGNATURES</A></b></font></td>
      <td style="text-align: right; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">18</font></td></tr>
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  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_001"></A><B>PART I - FINANCIAL INFORMATION</B></P>
  
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  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><A NAME="a_002"></A><B>ITEM 1.&nbsp; Financial Statements</B></P>
  
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  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="font-weight: bold; text-align: center">MUSIC OF YOUR LIFE, INC.</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="text-align: center">Consolidated Balance Sheets</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="text-align: center"><U>ASSETS</U></TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">February 29,</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">May 31,</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">2016</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">2015</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">(Unaudited)</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">CURRENT ASSETS</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 56%; text-align: left; padding-left: 10pt">Cash and cash equivalents</TD><TD STYLE="width: 8%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">10,282</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">14,949</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Loans receivable from related party</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">15,950</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">15,950</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 20pt">Total Current Assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">26,232</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">30,899</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">OTHER ASSETS</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Deposits for acquisition of intangible assets</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">239,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">184,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Music inventory</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,101</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,145</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt; padding-left: 10pt">Trademark</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,840</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,215</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 20pt">Total Other Assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">250,941</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">192,360</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 20pt">TOTAL ASSETS</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">277,173</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">223,259</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD COLSPAN="9" STYLE="text-decoration: underline; text-align: center">LIABILITIES AND STOCKHOLDERS' DEFICIT</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">CURRENT LIABILITIES</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Accounts payable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">12,643</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">11,924</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Accrued interest payable on notes payable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">122,244</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">90,164</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Accrued consulting fees</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">45,900</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">300</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Notes payable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">391,305</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">130,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Notes payable to related parties</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">154,761</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">154,761</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Derivative liability</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">846,495</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 20pt">Total Current Liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,573,348</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">387,149</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 20pt">TOTAL LIABILITIES</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,573,348</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">387,149</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">STOCKHOLDERS' DEFICIT</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="padding-left: 10pt">Preferred Stock, $0.001 par value; 20,000,000 shares</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">&nbsp;authorized, -0- shares issued and outstanding</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="padding-left: 10pt">Common stock, $0.001 par value; 500,000,000 shares</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">&nbsp;authorized, 92,146,559 and 83,446,559 shares issued</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">&nbsp;and outstanding, respectively</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">92,147</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">83,447</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Common stock payable - 1,300,000 shares</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">33,460</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Additional paid-in-capital</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,039,713</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">898,237</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Accumulated deficit</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,461,495</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,145,574</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 20pt">Total Stockholders' Deficit</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,296,175</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(163,890</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 20pt">TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">277,173</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">223,259</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD COLSPAN="9" STYLE="text-align: center">The accompanying notes are an integral part of these financial statements</TD></TR>
  </TABLE>
  
  
  
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  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="17" STYLE="font-weight: bold; text-align: center">MUSIC OF YOUR LIFE, INC.</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="17" STYLE="text-align: center">Consolidated Statements of Operations</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="17" STYLE="text-align: center">(Unaudited)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="7" STYLE="text-align: center; border-bottom: Black 1pt solid">For the Three Months Ended</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="7" STYLE="text-align: center; border-bottom: Black 1pt solid">For the Nine Months Ended</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">February 29,</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">February 28,</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">February 29,</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">February 28,</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">2016</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">2015</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">2016</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">2015</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 48%; text-align: left; padding-bottom: 1pt">NET REVENUES</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; text-align: right">338</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; text-align: right">4,137</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; text-align: right">1,966</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">OPERATING EXPENSES</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Salaries and Consulting fees</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">52,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">34,500</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">143,500</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">106,500</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Professional fees</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,889</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,810</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">77,459</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28,868</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Selling, general and administrative</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">27,325</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">34,138</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">109,833</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">79,241</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 20pt">Total Operating Expenses</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">108,214</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">71,448</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">330,792</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">214,609</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">LOSS FROM OPERATIONS</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(107,876</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(71,448</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(326,655</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(212,643</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">OTHER INCOME (EXPENSES)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Gain (Loss) on change in fair value of derivative liability</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(205,601</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">64,655</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(425,859</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">53,057</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Interest expense (including amortization of debt discounts</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">&nbsp;&nbsp;of $33,396, $13,356, $158,482, and $56,044, respectively)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(204,379</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(62,074</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(513,407</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(143,667</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Promissory Note issued to entity for services relating to</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 10pt">&nbsp;&nbsp;Equity Financing Agreement</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(50,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 20pt">Total Other Income (Expenses)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(409,980</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,581</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(989,266</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(90,610</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">LOSS BEFORE INCOME TAXES</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(517,856</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(68,867</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,315,921</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(303,253</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">INCOME TAX EXPENSE</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 2.5pt">NET LOSS</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(517,856</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(68,867</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(1,315,921</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(303,253</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">BASIC AND DILUTED:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 2.5pt; padding-left: 10pt">Net loss per common share</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.01</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.00</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.01</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.00</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 2.5pt; padding-left: 10pt">Weighted average shares outstanding</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">92,146,559</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">76,117,388</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">89,852,033</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">75,115,865</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD STYLE="font-size: 10.5pt">&nbsp;</TD>
      <TD STYLE="font-size: 10.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10.5pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10.5pt">&nbsp;</TD>
      <TD STYLE="font-size: 10.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10.5pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10.5pt">&nbsp;</TD>
      <TD STYLE="font-size: 10.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10.5pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10.5pt">&nbsp;</TD>
      <TD STYLE="font-size: 10.5pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10.5pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD COLSPAN="17" STYLE="text-align: center">The accompanying notes are an integral part of these financial statements</TD></TR>
  </TABLE>
  
  
  
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  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="font-weight: bold; text-align: center">MUSIC OF YOUR LIFE, INC.</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="text-align: center">Consolidated Statements of Cash Flows</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="text-align: center">(Unaudited)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="7" STYLE="text-align: center; border-bottom: Black 1pt solid">For the Nine Months Ended</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">February 29,</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">February 28,</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">2016</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">2015</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">CASH FLOWS FROM OPERATING ACTIVITIES:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 63%; text-align: left">Net loss</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">(1,315,921</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 8%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">(303,253</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Adjustments to reconcile net loss to net</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">&nbsp;cash used by operating activities:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Common stock payable for late fees</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">33,460</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Common stock issued for services</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">33,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Promissory Note issued to entity for services relating to</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">&nbsp;&nbsp;Equity Financing Agreement</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Change in fair value of derivative liability</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">425,859</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(53,057</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Amortization of debt discounts</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">158,482</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">56,044</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Non-cash interest expenses</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">289,386</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,623</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Changes in operating assets and liabilities:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Music inventory</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,956</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,047</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Accounts payable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">718</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">704</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Accrued interest payable on notes payable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">32,080</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">52,500</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Accrued consulting fees</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">45,600</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">69,500</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 20pt">Net Cash Used by Operating Activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(250,292</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(156,986</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">CASH FLOWS FROM INVESTING ACTIVITIES:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Deposits for acquisition of intangible assets</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(55,000</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(125,000</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt; padding-left: 10pt">Trademark</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(625</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(550</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 20pt">Net Cash Used by Investing Activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(55,625</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(125,550</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">CASH FLOWS FROM FINANCING ACTIVITIES:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Bank overdraft</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(987</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Proceeds from sale of common stock</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">232,500</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Proceeds from notes payable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">366,250</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">102,500</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Payments on notes payable</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(65,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(37,500</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 20pt">Net Cash Provided by Financing Activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">301,250</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">296,513</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">NET INCREASE IN CASH AND CASH EQUIVALENTS</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(4,667</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">13,977</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">14,949</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 2.5pt">CASH AND CASH EQUIVALENTS, END OF PERIOD</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">10,282</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">13,977</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">SUPPLEMENTAL CASH FLOW INFORMATION</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Cash Payments For:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-left: 20pt">Interest</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 20pt">Income taxes</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Non-cash financing activity:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 20pt">Initial derivative liability on convertible notes payable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">420,636</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">30,434</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 20pt">Common stock issued as part of Promissory Note loans recorded</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 20pt">&nbsp;&nbsp;as debt discounts and credited to common stock and additional</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 20pt">&nbsp;&nbsp;paid in capital</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">117,176</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">25,610</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 20pt">Conversion of debt into stock</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">65,378</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD COLSPAN="9" STYLE="text-align: center">The accompanying notes are an integral part of these financial statements</TD></TR>
  </TABLE>
  
  
  
  <P STYLE="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"></P>
  
  
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      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>MUSIC OF YOUR LIFE, INC.</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Notes to the Consolidated Financial
  Statements</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>February 29, 2016</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Unaudited)</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
  
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING
  POLICIES AND ORGANIZATION</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Basis of Presentation</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The accompanying unaudited
  financial statements are presented in accordance with generally accepted accounting principles for interim financial information
  and the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and
  footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management,
  all adjustments (consisting only of normal occurring accruals) considered necessary in order to make the financial statements not
  misleading, have been included. Operating results for the nine months ended February 29, 2016 are not necessarily indicative of
  results that may be expected for the year ending May 31, 2016.&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Organization</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Music of Your Life, Inc. (hereafter,
  &ldquo;we&rdquo;, &rdquo;our&rdquo;, &rdquo;us&rdquo;, &ldquo;MYL&rdquo;, or the &rdquo;Company&rdquo;) was incorporated on January
  30, 2008, in the State of Florida, as ZhongSen International Tea Company, with the principal business objective of providing sales
  and marketing consulting services to small to medium sized Chinese tea producing companies who wish to export and distribute high
  quality Chinese tea products worldwide. The Company commenced business activities in August, 2008, when it entered into a related
  party Sales and Marketing Agreement with Yunnan Zhongsen Group, Ltd. However, due to lack of capital, the Company was unable to
  implement its business plan fully. On May 31, 2013, the Company entered into a merger agreement(the &ldquo;Merger&rdquo;) with
  Music of Your Life, Inc., a Nevada corporation (&ldquo;MYL Nevada&rdquo;). As a result of the Merger, MYL Nevada is a wholly-owned
  subsidiary of the Company, and the Company is now operating a multi-media entertainment company, producing television shows and
  radio programming. The Company changed its name to Music of Your Life, Inc. effective July 26, 2013.&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 2 - LOANS RECEIVABLE &ndash; RELATED
  PARTY</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">During the year ended May
  31, 2013, the Company loaned $174,950 to the Company&rsquo;s current chief executive in anticipation of the merger agreement described
  in Note 1. The loans are non-interest bearing and due on demand. Effective May 31, 2015, the Company agreed to waive collection
  of $100,000 of the remaining $115,950 loans receivable balance in exchange for the chief executive officer&rsquo;s agreement to
  waive payment of the $100,000 accrued consulting fees balance due him at May 31, 2015 (see Note 9). As of February 29, 2016, the
  balance due on this loan was $15,950.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 3 - DEPOSITS FOR ACQUISITION OF
  INTANGIBLE ASSETS</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">As of February 29, 2016 the
  Company had paid $239,000 to the wife of the chief executive officer as deposits for certain trademarks and other intellectual
  property to be assigned to the Company. Under the agreement, the Company failed to pay a total of $250,000 by December 31, 2015,
  and therefore the Company could forfeit all rights, title and interest in the trademarks and intellectual property unless extended
  by her. As of the date of this filing, the agreement had not been extended but the Company is in negotiations to extend the agreement.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 4 - MUSIC INVENTORY</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company purchases digital
  music to broadcast over the radio and internet. During the nine months ended February 29, 2016, the Company purchased $2,956 worth
  of music inventory. The amount of music inventory held at February 29, 2016 was $7,101.</P>
  
  
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      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>MUSIC OF YOUR LIFE, INC.</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Notes to the Consolidated Financial
  Statements</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>February 29, 2016</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Unaudited)</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
  
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">NOTE 5 - NOTES PAYABLE</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Notes payable consisted of
  the following:</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">February 29,</P>
                                                                                 <P STYLE="margin-top: 0; margin-bottom: 0">2016</P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">May 31, <BR>2015</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 63%; text-align: left; padding-left: 9.8pt">Notes payable to a corporation, non interest bearing, due on demand, unsecured&#9;</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">55,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9.8pt">Note payable to an individual, stated interest of $15,000, due on October 15, 2014, in default (A)&#9;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 9.8pt">Note payable to an individual, due on May 22, 2015, in default (B)&#9;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9.8pt">Note payable to an individual, non interest bearing, due on August 23, 2015, in default (C)&nbsp;&nbsp;&#9;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 9.8pt">Note payable to an entity, non interest bearing, due on February 1, 2016, in default (D)&nbsp;&nbsp;&#9;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9.8pt">Note payable to a family trust, stated interest of $2,500, due on October 31, 2015, in default (E)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 9.8pt">Note payable to an individual, stated interest of $2,500, due on October 31, 2015, in default (F)&#9;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9.8pt">Note payable to a corporation, stated interest of $5,000, due on October 21, 2015, in default (G)&#9;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 9.8pt">Note payable to a corporation, stated interest of $5,000, due on November 6, 2015, in default (H)&#9;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9.8pt">Note payable to an individual, stated interest of $2,500, due on December 20, 2015, in default (I)&#9;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 9.8pt">Convertible note payable to an entity, interest at 10%, due on June 25, 2016 &ndash; net of discount of $23,806 (J)&#9;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">31,944</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9.8pt">Note payable to an individual, stated interest of $2,500, due on December 18, 2015, in default (K)&#9;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 9.8pt">Convertible note payable to an entity, interest at 12%, due on December 22, 2016 &ndash; net of discount of $16,230 (L)&#9;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,770</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9.8pt">Convertible note payable to an entity, interest at 12%, due on December 22, 2016 &ndash; net of discount of $16,612 (M)&#9;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,388</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9.8pt">Convertible note payable to an entity, interest at 10%, due on November 12, 2016 &ndash; net of discount of $33,297 (N)&#9;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,203</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9.8pt">Total Notes Payable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">391,305</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">130,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9.8pt">Less: Current Portion</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(391,305</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(130,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 9.8pt">Long-Term Notes Payable</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(A) On August 15, 2014, the
  Company issued a $50,000 Promissory Note with a stated interest amount of $15,000 due at maturity on October 14, 2014. The Company
  also issued 350,000 shares of common stock, valued at $52,500, as part of the note agreement. The proceeds of the note were allocated
  between the principal and the market value of the stock resulting in the Company recording a discount on the debt of $25,610. This
  amount was amortized over the 60 days life of the promissory note.</P>
  
  
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>MUSIC OF YOUR LIFE, INC.</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Notes to the Consolidated Financial
  Statements</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>February 29, 2016</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Unaudited)</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
  
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(B) On April 22, 2015, the
  Company issued a $25,000 Promissory Note, non-interest bearing (interest at 24% per annum after May 22, 2015), due at maturity
  on May 22, 2015. The Company also agreed to issue 500,000 shares of common stock, valued at $50,000 on April 22, 2015, as part
  of the note agreement. The proceeds of the note were allocated between the principal and the market value of the stock resulting
  in the Company recording a discount on the debt of $16,667. This amount was amortized over the 30 days life of the promissory note.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(C) On June 23, 2015, the
  Company issued a $25,000 Promissory Note, non-interest bearing, due at maturity on August 23, 2015. The Company also agreed to
  issue 500,000 shares of common stock, valued at $20,000, as part of the note agreement. The proceeds of the note were allocated
  between the principal and the market value of the stock resulting in the Company recording a discount on the debt of $11,111. This
  amount was amortized over the 60 days life of the promissory note.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(D) On July 24, 2015, the
  Company issued a $50,000 Promissory Note to Kodiak Capital Group, LLC (&ldquo;Kodiak&rdquo;) for services rendered in association
  with the Equity Purchase Agreement (See Note 8). As amended and restated January 4, 2016, the note is non-interest bearing and
  is due on February 1, 2016.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(E) On July 31, 2015, the
  Company issued a $25,000 Promissory Note with a stated interest amount of $2,500 due at maturity on October 31, 2015. The Company
  also issued 1,000,000 shares of common stock, valued at $38,000, as part of the note agreement. The proceeds of the note were allocated
  between the principal and the market value of the stock resulting in the Company recording a discount on the debt of $15,079. This
  amount was amortized over the 90 days life of the promissory note.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">(F)
  On July 31, 2015, the Company issued a second $25,000 Promissory Note with a stated interest amount of $2,500 due at maturity
  on October 31, 2015. The Company also issued 1,000,000 shares of common stock, valued at $38,000, as part of the note
  agreement. The proceeds of the note were allocated between the principal and the market value of the stock </FONT>resulting
  in the Company recording a discount on the debt of $15,079. This amount was amortized over the 90 days life of the promissory
  note.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(G) On August 6, 2015, the
  Company issued a $50,000 Promissory Note with a stated interest amount of $5,000 due at maturity on October 21, 2015. The Company
  also agreed to issue 2,000,000 shares of common stock, valued at $76,000, as part of the note agreement. The proceeds of the note
  were allocated between the principal and the market value of the stock resulting in the Company recording a discount on the debt
  of $30,159. This amount was amortized over the 75 days life of the promissory note.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(H) On August 21, 2015, the
  Company issued a $50,000 Promissory Note with a stated interest amount of $5,000 due at maturity on November 6, 2015. The Company
  also agreed to issue 2,000,000 shares of common stock, valued at $60,000, as part of the note agreement. The proceeds of the note
  were allocated between the principal and the market value of the stock resulting in the Company recording a discount on the debt
  of $27,273. This amount was amortized over the 75 days life of the promissory note.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(I) On September 21, 2015,
  the Company issued a $25,000 Promissory Note with a stated interest amount of $2,500 due at maturity on December 20, 2015. The
  Company also agreed to issue 1,000,000 shares of common stock, valued at $30,000, as part of the note agreement. The proceeds of
  the note were allocated between the principal and the market value of the stock resulting in the Company recording a discount on
  the debt of $13,636. This amount was amortized over the 90 days life of the promissory note. In the event that all principal and
  interest are not paid to the lender by January 20, 2016, the Company is obligated to issue another 1,000,000 shares of common stock
  to the lender and for interest to accrue at a rate of 24% per annum commencing on January 21, 2016.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(J) On September 25, 2015,
  the Company issued a $55,750 Convertible Promissory Note to a lender for net loan proceeds of $45,000. The note bears interest
  at a rate of 10% per annum (24% per annum default rate), is due on June 25, 2016, and is convertible at the option of the lender
  into shares of the Company common stock at a Conversion Price equal to the lesser of (a) 55% of the lowest Trading Price during
  the 25 Trading Day period prior to the Conversion Date or (b) $.00605 per share. See Note 7 (Derivative Liability).</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
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  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>MUSIC OF YOUR LIFE, INC.</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Notes to the Consolidated Financial
  Statements</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>February 29, 2016</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Unaudited)</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
  
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(K) On November 13, 2015,
  the Company issued a $25,000 Promissory Note with a stated interest amount of $2,500 due at maturity on December 18, 2015. The
  Company also agreed to issue 200,000 shares of common stock, valued at $6,000, as part of the note agreement. The proceeds of the
  note were allocated between the principal and the market value of the stock resulting in the Company recording a discount on the
  debt of $4,839. This amount was amortized over the 35 days life of the promissory note. In the event that all principal and interest
  are not paid to the lender by December 18, 2015, the Company is obligated to pay late fees of 5,000 shares of common stock per
  day for the first 60 days after December 18, 2015, and beginning with the 61<SUP>st</SUP> day after December 18, 2015, any balance
  owed shall accrue interest at a rate of 10% per annum.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(L) On December 22, 2015,
  the Company issued a $20,000 Convertible Promissory Note to a lender for net loan proceeds of $15,000. The note bears interest
  at a rate of 12% per annum, is due on December 22, 2016, and is convertible at the option of the lender into shares of the Company
  common stock at a Conversion Price equal to 50% of the lowest closing bid price during the 30 Trading Day period prior to the Conversion
  Date. See Note 7 (Derivative Liability).</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(M) On December 29, 2015,
  the Company issued a $20,000 Convertible Promissory Note to a lender for net loan proceeds of $15,000. The note bears interest
  at a rate of 12% per annum, is due on December 22, 2016, and is convertible at the option of the lender into shares of the Company
  common stock at a Conversion Price equal to 50% of the lowest closing bid price during the 30 Trading Day period prior to the Conversion
  Date. See Note 7 (Derivative Liability).</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(N) On February 12, 2016,
  the Company issued a $35,500 Convertible Promissory Note to a lender for net loan proceeds of $27,000. The note bears interest
  at a rate of 10% per annum (24% per annum default rate), is due on November 12, 2016, and is convertible at the option of the lender
  into shares of the Company common stock at a Conversion Price equal to the lesser of (a) 55% of the lowest Trading Price during
  the 25 Trading Day period prior to the Conversion Date or (b) $.00605 per share. See Note 7 (Derivative Liability).</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">NOTE 6 - NOTES PAYABLE &ndash; RELATED PARTIES</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Notes payable &ndash; related
  parties consisted of the following:</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">February 29, <BR>2016</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">May 31, <BR>2015</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 63%; text-align: left; padding-left: 9.8pt">Note payable to an individual significant stockholder, interest capped at $75,000, due on demand</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">150,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">150,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9.8pt">Note payable to wife of Company&rsquo;s chief executive officer, non-interest bearing, due on demand, unsecured&#9;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,688</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,688</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9.8pt">Note payable to Company law firm, non-interest bearing, due on demand, unsecured&#9;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,073</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,073</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 5.4pt">&nbsp;Total Notes Payable</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">154,761</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">154,761</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9.8pt">Less: Current Portion</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(154,761</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(154,761</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 9.8pt">Long-Term Notes Payable</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>MUSIC OF YOUR LIFE, INC.</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Notes to the Consolidated Financial
  Statements</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>February 29, 2016</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Unaudited)</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
  
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 7 &ndash; DERIVATIVE LIABILITY</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The derivative liability at
  February 29, 2016 consisted of:</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-size: 11pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Face Value</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Derivative Liability</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 63%; text-align: left; padding-left: 9.8pt">Convertible note payable issued September 25, 2015, due June 25, 2016 (J)</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">55,750</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">336,328</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 9.8pt">Convertible note payable issued December 22, 2015, due December 22, 2016 (L)&#9;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">142,182</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 9.8pt">Convertible note payable issued December 29, 2015, due December 29, 2016 (M)&#9;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">142,182</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9.8pt">Convertible note payable issued February 12, 2016, due November 12, 2016 (N)&#9;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">35,500</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">225,803</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="padding-bottom: 2.5pt; padding-left: 9.8pt">Totals</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">131,250</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">846,495</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The above convertible notes
  contain a variable conversion feature based on the future trading price of the Company common stock. Therefore, the number of shares
  of common stock issuable upon conversion of the notes is indeterminate. Accordingly, we have recorded the fair value of the embedded
  conversion features as a derivative liability at the respective issuance dates of the notes ($420,636 total for the nine months
  ended February 29, 2016) and charged the applicable amounts to debt discounts ($131,250 total for the nine months ended February
  29, 2016) and the remainder to interest expense ($289,386 total for the nine months ended February 29, 2016). The increase (decrease)
  in the fair value of the derivative liability from the respective issuance dates of the notes to the measurement date ($425,859
  total increase for the nine months ended February 29, 2016) is charged (credited) to other expense (income). The fair value of
  the derivative liability of the notes is measured at the respective issuance dates and quarterly thereafter using the Black Scholes
  option pricing model. Assumptions used for the calculations of the derivative liability of the notes at February 29, 2016 include
  (1) stock price of $0.04 per share, (2) exercise prices ranging from $0.0055 to $0.0061 per share, (3) terms ranging from 117 days
  to 297 days, (4) expected volatility of 407% and (5) risk free interest rates ranging from 0.38% to 0.57%.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 8 - EQUITY TRANSACTIONS</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On July 21, 2015 the Company
  issued 1,000,000 shares of common stock for consulting services rendered to the Company which was recorded as consulting fees on
  the statement of operations in the amount of $33,000.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On June 23, 2015, the Company
  issued 500,000 shares of common stock to an accredited investor in consideration of the investor making a $25,000 loan to the Company
  (see Note 5).</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On July 31, 2015, the Company
  issued a total of 2,000,000 shares of common stock to two accredited investors in consideration of the investors making two separate
  $25,000 loans to the Company (see Note 5).</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On August 6, 2015, the Company
  agreed to issue 2,000,000 shares of common stock to an accredited investor in consideration of the investor making a $50,000 loan
  to the Company (see Note 5).</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On August 21, 2015, the Company
  agreed to issue 2,000,000 shares of common stock to an accredited investor in consideration of the investor making a $50,000 loan
  to the Company (see Note 5).</P>
  
  
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>MUSIC OF YOUR LIFE, INC.</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Notes to the Consolidated Financial
  Statements</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>February 29, 2016</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Unaudited)</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
  
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On September 21, 2015, the
  Company issued 1,000,000 shares of common stock to an accredited investor in consideration of the investor making a $25,000 loan
  to the Company (see Note 5).</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On November 13, 2015, the
  Company agreed to issue 200,000 shares of common stock to an accredited investor in consideration of the investor making a $25,000
  loan to the Company (see Note 5).</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">NOTE 9 - COMMITMENTS AND CONTINGENCIES</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><U>Service Agreements</U></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On November 5, 2012, the Company
  executed a General Services Agreement with the Company&rsquo;s chief executive officer. The agreement provided for monthly compensation
  of $10,000 and was to remain in full force and effect until either party provided 30 days notice of termination to the other party.
  Effective May 31, 2015, the chief executive officer agreed to waive payment of the $100,000 accrued consulting fees balance due
  him at May 31, 2015 in exchange for the Company&rsquo;s agreement to waive collection of $100,000 of the remaining $115,950 loans
  receivable balance due from the chief executive officer at May 31, 2015 before this transaction (see Note 2). As of May 31, 2015,
  this agreement has been terminated.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On November 15, 2012 and June
  3, 2013, the Company executed General Services Agreements with two other service providers. The agreements provided for monthly
  compensation of $1,000 and $500, respectively, and were to remain in full force and effect until either party provided 90 days
  and 30 days, respectively, notice of termination to the other party. Effective September 1, 2015, these two agreements were replaced
  by Consulting Agreements to provide for monthly compensation of $5,000 to each of the two service providers. The term of the agreement
  for the first service provider is from September 1, 2015 to December 31, 2015 and thereafter on a month-to-month basis. The term
  of the agreement for the second service provider is from September 1, 2015 to December 31, 2016 and thereafter on a month-to-month
  basis. The Company may terminate both of these Consulting Agreements at any time without cause.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Effective September 1, 2015,
  the Company entered into a Consulting Agreement with another service provider. The agreement provides for monthly compensation
  of $1,000 for a term from September 1, 2015 to December 31, 2016 and thereafter on a month-to-month basis. The Company may terminate
  this Consulting Agreement at any time without cause.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><U>Equity Purchase Agreement</U></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On July 24, 2015, the Company
  executed an Equity Purchase Agreement and a Registration Rights Agreement with Kodiak Capital Group, LLC (&ldquo;Kodiak&rdquo;)
  and issued a Promissory Note to Kodiak with a $50,000 face value for services rendered in association with the Equity Purchase
  Agreement (see Note 5). The Equity Purchase Agreement (which expires July 24, 2016) provides for Kodiak to purchase up to $1,000,000
  of the Company&rsquo;s common stock to be sold at a 30% discount to market. The Company is required to file and have declared effective
  a Registration Statement with the SEC relating to these shares. The Company initially filed a Registration Statement with the SEC
  on October 9, 2015; the amended Registration Statement was declared effective on February 17, 2016.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 10 - GOING CONCERN</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The accompanying financial
  statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of
  assets and satisfaction of liabilities in the normal course of business. At February 29, 2016, the Company had negative working
  capital of $1,547,116 and an accumulated deficit of $2,461,495. These factors raise substantial doubt regarding the Company&rsquo;s
  ability to continue as a going concern.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">To date the Company has funded
  its operations through a combination of loans and sales of common stock. The Company anticipates another net loss for the fiscal
  year ended May 31, 2016 and with the expected cash requirements for the coming year, there is substantial doubt as to the Company&rsquo;s
  ability to continue operations.</P>
  
  
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>MUSIC OF YOUR LIFE, INC.</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Notes to the Consolidated Financial
  Statements</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>February 29, 2016</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Unaudited)</B></P>
  
  <P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
  
  
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company is attempting to improve these conditions
  by way of financial assistance through issuances of notes payable and additional equity and by generating revenues through sales
  of products and services.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The financial statements do
  not include any adjustments that might result from the outcome of this uncertainty.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 11 - SUBSEQUENT EVENTS</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On March 4, 2016, the Company
  issued 200 shares of Series A Preferred Stock to the Company&rsquo;s chief executive officer for services rendered. Each share
  of Series A Preferred Stock is entitled to 2,000,000 votes. The Series A Preferred Stock has no conversion, liquidation, or dividend
  rights.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On March 7, 2016 and March
  28, 2016, the Company received a total of $12,600 cash pursuant to the Equity Purchase Agreement with Kodiak Capital Group, LLC
  (&ldquo;Kodiak&rdquo;) (see Note 9) and issued Kodiak a total of 2,500,000 shares of common stock.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On March 17, 2016, the Company
  issued a $44,000 Promissory Note to an entity for net cash proceeds of $30,000. The Note bears interest at 10% (24% default rate),
  is due September 17, 2016, and is convertible into Company common stock at a Variable Conversion Price equal to the lesser of 65%
  of the lowest trading price for the 30 trading day period ending on the last complete trading day prior to the Issue Date or Conversion
  Date.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On March 23, 2016, an investor
  trust executed a Subscription Agreement to purchase in two tranches a total of 46,000,000 shares of Company common stock. The first
  tranche was 18,400,000 shares for cash proceeds of $100,000 (which was received March 24, 2016). The second tranche is for 27,600,000
  shares for $150,000 (which is due on April 23, 2016).</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On March 25, 2016, the Company
  executed a Settlement and Release Agreement with the entity holder of a $55,750 Convertible Note due June 25, 2016 (see Note 5).
  Under the Agreement, the Company is to pay the Noteholder $29,249.66 on March 24, 2016 (which was paid on March 24, 2016) and $59,064.45
  on April 29, 2016.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  
  <!-- Field: Page; Sequence: 13 -->
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  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B><A NAME="a_003"></A>Item 2.</B> <B>Management&rsquo;s Discussion and Analysis
  of Financial Condition and Results of Operation</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>The following discussion contains
  forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange
  Act of 1934 relating to future events or our future performance. Actual results may materially differ from those projected in the
  forward-looking statements as a result of certain risks and uncertainties set forth in this prospectus. Although management believes
  that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that
  the underlying assumptions will, in fact, prove to be correct or that actual results will not be different from expectations expressed
  in this report.</I></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>BUSINESS OVERVIEW</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We are a multi-media entertainment
  company that currently produces live radio programming 24 hours a day, syndicated to AM, FM and HD terrestrial radio stations around
  the country. The network is also heard streaming across the Internet using our registered trademark, iRadio&reg;. Music of Your
  Life&reg; has been on the air since 1978, making it the longest running syndicated music radio network in the world. Our principal
  source of revenue comes from selling radio spots, or commercials on the network, and licensing our trade names. Expenses which
  comprise the costs of goods sold will include licensing agreements and royalties, as well as operational and staffing costs related
  to the management of the Company&rsquo;s syndicated network. General and administrative expenses are comprised of administrative
  wages and benefits; occupancy and office expenses; outside legal, accounting and other professional fees; travel and other miscellaneous
  office and administrative expenses. Selling and marketing expenses include selling/marketing wages and benefits, advertising and
  promotional expenses, as well as travel and other miscellaneous related expenses.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Because we have incurred
  losses, income tax expenses are immaterial. No tax benefits have been booked related to operating loss carryforwards, given our
  uncertainty of being able to utilize such loss carryforwards in future years. We anticipate incurring additional losses during
  the coming year.</P>
  
  <P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>RESULTS OF OPERATION</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Following is management&rsquo;s
  discussion of the relevant items affecting results of operations for the three and nine months ended February 29, 2016 and February
  28, 2015.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>Revenues</I>. The Company
  generated net revenues of $338 during the three months ended February 29, 2016 compared to $-0- for the three months ended February
  28, 2015. The Company generated net revenues of $4,137 during the nine months ended February 29, 2016 compared to $1,966 for the
  nine months ended February 28, 2015. Revenues were generated from spot sales, digital sales and subscription based sales from the
  live radio programming through radio stations around the country.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>Cost of Sales</I>. Our
  cost of sales for the three and nine months ended February 29, 2016 was $-0-. Our cost of sales for the three and nine months ended
  February 28, 2015 was $-0-. Our cost of sales in the future will consist principally of licensing costs and royalties associated
  with our syndicated radio network, other related services provided directly or outsourced through our affiliates, as well as operational
  and staffing costs with respect thereto.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>Salaries and Consulting
  Fees</I>. Salaries and consulting fees for the three months ended February 29, 2016 were $52,000 compared to $34,500 for the three
  months ended February 28, 2015. Salaries and consulting fees for the nine months ended February 29, 2016 were $143,500 compared
  to $106,500 for the nine months ended February 28, 2015. This expense category included stock-based compensation to consultants
  of $33,000 and $-0- for the nine months ended February 29, 2016 and February 28, 2015, respectively, and included chief executive
  officer accrued compensation of $-0- and $90,000, respectively. We expect that salaries and consulting expenses, that are cash
  instead of share-based, will increase as we add personnel to build our multi-media entertainment business.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>Professional Fees.</I>
  Professional fees for the three months ended February 29, 2016 were $28,889 compared to $2,810 for the three months ended February
  28, 2015. Professional fees for the nine months ended February 29, 2016 were $77,459 compared to $28,868 for the nine months ended
  February 28, 2015. We anticipate that professional fees will increase in future periods as we scale up our operations.</P>
  
  
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>Selling, General and
  Administrative Expenses</I>. Selling, general and administrative expenses were $27,325 for the three months ended February 29,
  2016 compared to $34,138 for the three months ended February 28, 2015. Selling, general and administrative expenses were $109,833
  for the nine months ended February 29, 2016 compared to $79,241 for the nine months ended February 28, 2015. We anticipate that
  SG&amp;A expenses will increase commensurate with an increase in our operations.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>&nbsp;</I></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>Other Income (Expense).</I>
  The Company had net other expenses of $409,980 for the three months ended February 29, 2016 compared to net other income of $2,581
  for the three months ended February 28, 2015. The Company had net other expenses of $989,266 for the nine months ended February
  29, 2016 compared to net other expenses of $90,610 for the nine months ended February 28, 2015. During the nine months ended February
  29, 2016, other expenses incurred were comprised of interest expenses related to notes payable in the amount of $513,407, which
  included the amortization of debt discounts of $158,482. During the nine months ended February 29, 2016, the Company also recorded
  a loss on the change in fair value of derivative liability in the amount of $425,859.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>LIQUIDITY AND CAPITAL RESOURCES</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As of February 29, 2016,
  our primary source of liquidity consisted of $10,282 in cash and cash equivalents. We hold most of our cash reserves in local checking
  accounts with local financial institutions. Since inception, we have financed our operations through a combination of short and
  long-term loans, and through the private placement of our common stock.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We have sustained significant
  net losses which have resulted in negative working capital and an accumulated deficit at February 29, 2016 of $1,547,116 and $2,461,495,
  respectively, which raises doubt about our ability to continue as a going concern. We generated a net loss for the nine months
  ended February 29, 2016 of $1,315,921. Without additional revenues, working capital loans, or equity investment, there is substantial
  doubt as to our ability to continue operations.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We believe these conditions
  have resulted from the inherent risks associated with small public companies. Such risks include, but are not limited to, the ability
  to (i) generate revenues and sales of our products and services at levels sufficient to cover our costs and provide a return for
  investors, (ii) attract additional capital in order to finance growth, and (iii) successfully compete with other comparable companies
  having financial, production and marketing resources significantly greater than those of the Company.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We believe that our capital
  resources are insufficient for ongoing operations, with minimal current cash reserves, particularly given the resources necessary
  to expand our multi-media entertainment business. We will likely require considerable amounts of financing to make any significant
  advancement in our business strategy. There is presently no agreement in place that will guarantee financing for our Company, and
  we cannot assure you that we will be able to raise any additional funds, or that such funds will be available on acceptable terms.
  Funds raised through future equity financing will likely be substantially dilutive to current shareholders. Lack of additional
  funds will materially affect our Company and our business, and may cause us to substantially curtail or even cease operations.
  Consequently, you could incur a loss of your entire investment in the Company.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>CRITICAL ACCOUNTING PRONOUNCEMENTS</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Our financial statements and related
  public financial information are based on the application of generally accepted accounting principles in the United States (&ldquo;GAAP&rdquo;).
  GAAP requires the use of estimates, assumptions, judgments and subjective interpretations of accounting principles that have an
  impact on the assets, liabilities, revenues and&nbsp;expense amounts reported. These estimates can also affect supplemental information
  contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our
  use of estimates and underlying accounting&nbsp;assumptions adhere to GAAP and are consistently and conservatively applied. We
  base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances.
  Actual results may differ materially from&nbsp;these estimates under different assumptions or conditions. We continue to monitor
  significant estimates made during the preparation of our financial statements.</P>
  
  
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Our significant accounting policies
  are summarized in Note 2 of our financial statements included in our May 31, 2015 Form 10-K. While all of these significant accounting
  policies impact our financial condition and results of operations, we view certain of these policies as critical. Policies determined
  to be critical are those policies that have the most significant impact on our financial statements and require management to use
  a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that given
  current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause
  a material effect on our&nbsp;results of operations, financial position or liquidity for the periods presented in this report.&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue Recognition</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We recognize revenue on arrangements
  in accordance with FASB ASC No. 605, &ldquo;Revenue Recognition&rdquo;.&nbsp;&nbsp;In all cases, revenue is recognized only when
  the price is fixed and determinable, persuasive evidence of an arrangement exists, the service is performed and collectability
  of the resulting receivable is reasonably assured.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>RECENT ACCOUNTING PRONOUNCEMENTS</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We have reviewed accounting pronouncements
  issued during the past two years and have adopted any that are applicable to the Company. We have determined that none had a material
  impact on our financial position, results of operations, or cash flows for the periods presented in this report.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>OFF-BALANCE SHEET ARRANGEMENTS</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We do not have any off-balance sheet
  arrangements, financings, or other relationships with unconsolidated entities or other persons, also known as &ldquo;special purpose
  entities&rdquo; (&ldquo;SPE&rdquo;s).</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><A NAME="a_004"></A>Item 3. Quantitative and Qualitative
  Disclosures about Market Risks</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Not applicable because we are a smaller
  reporting company.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><A NAME="a_005"></A><B>Item 4. Controls
  and Procedures</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Evaluation of Disclosure Controls
  and Procedures&nbsp;</I></B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Pursuant to Rule 13a-15(b) under the
  Securities Exchange Act of 1934 (&ldquo;Exchange Act&rdquo;), the Company carried out an evaluation, with the participation of
  the Company&rsquo;s management, including the Company&rsquo;s Chief Executive Officer (&ldquo;CEO&rdquo;) and Chief Financial Officer
  (&ldquo;CFO&rdquo;), of the effectiveness of the Company&rsquo;s disclosure controls and procedures (as defined under Rule 13a-15(e)
  under the Exchange Act) as of the end of the period covered by this report. Based upon that evaluation, the Company&rsquo;s CEO
  and CFO concluded that the Company&rsquo;s disclosure controls and procedures were not effective to ensure that information required
  to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act, is recorded, processed,
  summarized and reported, within the time periods specified in the SEC&rsquo;s rules and forms, and that such information is accumulated
  and communicated to the Company&rsquo;s management, including the Company&rsquo;s CEO and CFO, as appropriate, to allow timely
  decisions regarding required disclosure as a result of continuing material weaknesses (such as the absence of an audit committee
  and absence of qualified independent directors) in its internal control over financial reporting.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Changes in Internal Controls Over
  Financial Reporting</I></B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">There have been no changes in the Company's
  internal control over financial reporting during the latest fiscal quarter that have materially affected, or are reasonably likely
  to materially affect, the Company's internal control over financial reporting.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
  
  
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a_006"></A>PART II - OTHER INFORMATION</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><A NAME="a_007"></A>Item 1. Legal Proceedings.</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Currently we are not aware of any litigation
  pending or threatened by or against the Company.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><A NAME="a_008"></A>Item 1A. Risk Factors</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Not applicable because we are a smaller
  reporting company.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><A NAME="a_009"></A>Item 2. Unregistered Sales of Equity
  Securities and Use of Proceeds</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On July 21, 2015
  the Company issued 1,000,000 shares of common stock for consulting services rendered to the Company which was recorded as consulting
  fees on the statement of operations in the amount of $33,000.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On June 23, 2015,
  the Company issued 500,000 shares of common stock to an accredited investor in consideration of the investor making a
  $25,000 loan to the Company.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On July 31, 2015,
  the Company issued a total of 2,000,000 shares of common stock to two accredited investors in consideration of the investors making
  two separate $25,000 loans to the Company.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On August 6, 2015,
  the Company agreed to issue 2,000,000 shares of common stock to an accredited investor in consideration of the investor making
  a $50,000 loan to the Company.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On August 21, 2015,
  the Company agreed to issue 2,000,000 shares of common stock to an accredited investor in consideration of the investor making
  a $50,000 loan to the Company.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On September 21,
  2015, the Company issued 1,000,000 shares of common stock to an accredited investor in consideration of the investor making
  a $25,000 loan to the Company.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On November 13,
  2015, the Company agreed to issue 200,000 shares of common stock to an accredited investor in consideration of the investor making
  a $25,000 loan to the Company.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">With respect to
  the transactions noted above, each of the recipients of securities of the Company was an accredited investor, or is considered
  by the Company to be a &ldquo;sophisticated person&rdquo;, inasmuch as each of them has such knowledge and experience in financial
  and business matters that they are capable of evaluating the merits and risks of receiving securities of the Company. No solicitation
  was made and no underwriting discounts were given or paid in connection with these transactions. The Company believes that the
  issuance of its securities as described above was exempt from registration with the Securities and Exchange Commission pursuant
  to Section 4(2) of the Securities Act of 1933.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;<B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><A NAME="a_010"></A>Item 3. Defaults Upon Senior Securities.</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company has not
  paid the principal and interest due on ten  notes payable aggregating $350,000 at February 29, 2016. See Note 5 to the
  Consolidated Financial Statements.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><A NAME="a_011"></A>Item 4. Mine Safety Disclosures</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Not Applicable.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><A NAME="a_012"></A>Item 5. Other Information.</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">None.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><A NAME="a_013"></A><B>Item 6. Exhibits.</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%">
  <tr style="vertical-align: bottom">
      <td style="width: 9%; border-bottom: black 1.5pt solid; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Exhibit No.</b></font></td>
      <td style="width: 1%; line-height: 115%">&nbsp;</td>
      <td style="width: 90%; border-bottom: black 1.5pt solid; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Description</b></font></td></tr>
  <tr style="vertical-align: top; background-color: #CCEEFF">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1</font></td>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amended and Restated Articles of Incorporation of Music of Your life, Inc.</font></td></tr>
  <tr style="vertical-align: top; background-color: #CCEEFF">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.2</font></td>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amended and Restated Bylaws of Music of Your Life, Inc.</font></td></tr>
  <tr style="vertical-align: top; background-color: #CCEEFF">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">31.1</font></td>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ex31_1302certification.htm">Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</A>.</font></td></tr>
  <tr style="vertical-align: top; background-color: #CCEEFF">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">32.1</font></td>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ex32_1906certification.htm">Certification of Principal Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</A>.</font></td></tr>
  <tr style="vertical-align: top; background-color: #CCEEFF">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">101.INS</font></td>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">XBRL Instance Document</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">101.SCH</font></td>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">XBRL Taxonomy Extension Schema Document</font></td></tr>
  <tr style="vertical-align: top; background-color: #CCEEFF">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">101.CAL</font></td>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">XBRL Taxonomy Extension Calculation Linkbase Document</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">101.DEF</font></td>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">XBRL Taxonomy Extension Definition Linkbase Document</font></td></tr>
  <tr style="vertical-align: top; background-color: #CCEEFF">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">101.LAB</font></td>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">XBRL Taxonomy Extension Label Linkbase Document</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">101.PRE</font></td>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">XBRL Taxonomy Extension Presentation Linkbase Document</font></td></tr>
  <tr style="vertical-align: top; background-color: white">
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td></tr>
  <tr style="vertical-align: top; background-color: white">
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td></tr>
  </table>
  <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  
  
  
  
  
  <HR SIZE="2" NOSHADE ALIGN="CENTER" STYLE="width: 100%; color: black">
  
  <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a_014"></A>SIGNATURES</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements of the
  Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto
  duly authorized.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;</P>
  
  <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%">
  <tr style="vertical-align: top">
      <td style="line-height: 115%">&nbsp;</td>
      <td colspan="2" style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Music of Your Life, Inc.</b></font></td></tr>
  <tr style="vertical-align: top">
      <td style="line-height: 115%">&nbsp;</td>
      <td colspan="2" style="line-height: 115%">&nbsp;</td></tr>
  <tr style="vertical-align: top">
      <td style="width: 62%; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date: April 19, 2016&nbsp;</font></td>
      <td style="width: 3%; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:&nbsp;</font></td>
      <td style="width: 35%; border-bottom: black 1.5pt solid; line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>/s/&nbsp; Marc Angell</i></font></td></tr>
  <tr style="vertical-align: top">
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Marc Angell</font></td></tr>
  <tr style="vertical-align: top">
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer</font></td></tr>
  <tr style="vertical-align: top">
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Duly Authorized Officer and Principal Executive Officer)</font></td></tr>
  <tr style="vertical-align: top">
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%">&nbsp;</td>
      <td style="line-height: 115%">&nbsp;</td></tr>
  </table>
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  
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metadata_documents: [{"type": "10-Q", "sequence": "1", "filename": "f10q_myli22916.htm", "description": "FORM 10-Q", "secsgml_size_bytes": 218340}]
metadata_filer: {"company-data": {"conformed-name": "MUSIC OF YOUR LIFE INC", "cik": "0001434601", "assigned-sic": "4832", "irs-number": "262091212", "fiscal-year-end": "0531"}, "filing-values": {"form-type": "10-Q", "act": "34", "file-number": "000-54163", "film-number": "161579715"}, "business-address": {"street1": "3225 MCLEOD DRIVE", "street2": "SUITE 100", "city": "LAS VEGAS", "state": "NV", "zip": "89103", "phone": "(702) 871-8535"}, "mail-address": {"street1": "3225 MCLEOD DRIVE", "street2": "SUITE 100", "city": "LAS VEGAS", "state": "NV", "zip": "89103"}, "former-company": {"former-conformed-name": "ZHONG SEN INTERNATIONAL TEA CO", "date-changed": "20080507"}}
text: UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 10-Q
  (Mark One)
  ☒
  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
  For the quarterly period ended February 29, 2016
  ☐
  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
  For the transition period from ______to______
  Commission File Number:
  000-54163
  Music of Your Life, Inc.
  (Exact name of registrant as specified in its Charter)
  Florida
  26-2091212
  (State or other jurisdiction of
  incorporation or organization)
  (I.R.S. Employee Identification No.)
  3225 McLeod Drive, Suite 100
  Las Vegas, Nevada
  89121
  (Address of principal executive office)
  (Zip Code)
  (800) 351-3021
  (Registrant's telephone number,
  including area code)
  Not Applicable
  (Former
  Name, former address and former fiscal year, if changed since last report)
  Indicate
  by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
  Act of 1934 during the preceding 12 months (or for such shorter period that the issuer was required to file such reports), and
  (2) has been subject to such filing requirements for the past 90 days.
  Yes
  ☒
  No
  ☐
  Indicate
  by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive
  Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the
  preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).     Yes
  ☒
  No
  ☐
  Indicate by check mark whether the registrant
  is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions
  of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule
  12b-2 of the Exchange Act:
  Large accelerated filer
  ☐
  Accelerated filer
  ☐
  Non-accelerated filer (Do not check if smaller reporting company)
  ☐
  Smaller reporting company
  ☒
  Table of Contents
  Indicate
  by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes
  ☐
  No
  ☒
  Indicate the number of shares outstanding
  of each of the issuer's classes of common stock as of the latest practicable date: As of April 14, 2016, there were 94,646,559
  shares of $0.001 par value common stock, issued and outstanding.
  2
  Table of Contents
  PART I:
  FINANCIAL INFORMATION
  Item 1:
  Financial Statements
  4
  Item 2:
  Management's Discussion and Analysis of Financial Condition and Results of Operation
  14
  Item 3:
  Quantitative and Qualitative Disclosures about Market Risk
  16
  Item 4:
  Controls and Procedures
  16
  PART II:
  OTHER INFORMATION
  Item 1:
  Legal Proceedings
  17
  Item 1A:
  Risk Factors
  17
  Item 2:
  Unregistered Sales of Equity Securities and Use of Proceeds
  17
  Item 3:
  Defaults Upon Senior Securities
  17
  Item 4:
  Mine Safety Disclosures
  17
  Item 5:
  Other Information
  17
  Item 6:
  Exhibits
  17
  SIGNATURES
  18
  3
  Table of Contents
  PART I - FINANCIAL INFORMATION
  ITEM 1.  Financial Statements
  MUSIC OF YOUR LIFE, INC.
  Consolidated Balance Sheets
  ASSETS
  February 29,
  May 31,
  2016
  2015
  (Unaudited)
  CURRENT ASSETS
  Cash and cash equivalents
  $
  10,282
  $
  14,949
  Loans receivable from related party
  15,950
  15,950
  Total Current Assets
  26,232
  30,899
  OTHER ASSETS
  Deposits for acquisition of intangible assets
  239,000
  184,000
  Music inventory
  7,101
  4,145
  Trademark
  4,840
  4,215
  Total Other Assets
  250,941
  192,360
  TOTAL ASSETS
  $
  277,173
  $
  223,259
  LIABILITIES AND STOCKHOLDERS' DEFICIT
  CURRENT LIABILITIES
  Accounts payable
  $
  12,643
  $
  11,924
  Accrued interest payable on notes payable
  122,244
  90,164
  Accrued consulting fees
  45,900
  300
  Notes payable
  391,305
  130,000
  Notes payable to related parties
  154,761
  154,761
  Derivative liability
  846,495
  —
  Total Current Liabilities
  1,573,348
  387,149
  TOTAL LIABILITIES
  1,573,348
  387,149
  STOCKHOLDERS' DEFICIT
  Preferred Stock, $0.001 par value; 20,000,000 shares
  authorized, -0- shares issued and outstanding
  —
  —
  Common stock, $0.001 par value; 500,000,000 shares
  authorized, 92,146,559 and 83,446,559 shares issued
  and outstanding, respectively
  92,147
  83,447
  Common stock payable - 1,300,000 shares
  33,460
  —
  Additional paid-in-capital
  1,039,713
  898,237
  Accumulated deficit
  (2,461,495
  )
  (1,145,574
  )
  Total Stockholders' Deficit
  (1,296,175
  )
  (163,890
  )
  TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT
  $
  277,173
  $
  223,259
  The accompanying notes are an integral part of these financial statements
  4
  Table of Contents
  MUSIC OF YOUR LIFE, INC.
  Consolidated Statements of Operations
  (Unaudited)
  For the Three Months Ended
  For the Nine Months Ended
  February 29,
  February 28,
  February 29,
  February 28,
  2016
  2015
  2016
  2015
  NET REVENUES
  $
  338
  $
  —
  $
  4,137
  $
  1,966
  OPERATING EXPENSES
  Salaries and Consulting fees
  52,000
  34,500
  143,500
  106,500
  Professional fees
  28,889
  2,810
  77,459
  28,868
  Selling, general and administrative
  27,325
  34,138
  109,833
  79,241
  Total Operating Expenses
  108,214
  71,448
  330,792
  214,609
  LOSS FROM OPERATIONS
  (107,876
  )
  (71,448
  )
  (326,655
  )
  (212,643
  )
  OTHER INCOME (EXPENSES)
  Gain (Loss) on change in fair value of derivative liability
  (205,601
  )
  64,655
  (425,859
  )
  53,057
  Interest expense (including amortization of debt discounts
  of $33,396, $13,356, $158,482, and $56,044, respectively)
  (204,379
  )
  (62,074
  )
  (513,407
  )
  (143,667
  )
  Promissory Note issued to entity for services relating to
  Equity Financing Agreement
  —
  —
  (50,000
  )
  —
  Total Other Income (Expenses)
  (409,980
  )
  2,581
  (989,266
  )
  (90,610
  )
  LOSS BEFORE INCOME TAXES
  (517,856
  )
  (68,867
  )
  (1,315,921
  )
  (303,253
  )
  INCOME TAX EXPENSE
  —
  —
  —
  —
  NET LOSS
  $
  (517,856
  )
  $
  (68,867
  )
  $
  (1,315,921
  )
  $
  (303,253
  )
  BASIC AND DILUTED:
  Net loss per common share
  $
  (0.01
  )
  $
  (0.00
  )
  $
  (0.01
  )
  $
  (0.00
  )
  Weighted average shares outstanding
  92,146,559
  76,117,388
  89,852,033
  75,115,865
  The accompanying notes are an integral part of these financial statements
  5
  Table of Contents
  MUSIC OF YOUR LIFE, INC.
  Consolidated Statements of Cash Flows
  (Unaudited)
  For the Nine Months Ended
  February 29,
  February 28,
  2016
  2015
  CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss
  $
  (1,315,921
  )
  $
  (303,253
  )
  Adjustments to reconcile net loss to net
  cash used by operating activities:
  Common stock payable for late fees
  33,460
  —
  Common stock issued for services
  33,000
  —
  Promissory Note issued to entity for services relating to
  Equity Financing Agreement
  50,000
  —
  Change in fair value of derivative liability
  425,859
  (53,057
  )
  Amortization of debt discounts
  158,482
  56,044
  Non-cash interest expenses
  289,386
  22,623
  Changes in operating assets and liabilities:
  Music inventory
  (2,956
  )
  (2,047
  )
  Accounts payable
  718
  704
  Accrued interest payable on notes payable
  32,080
  52,500
  Accrued consulting fees
  45,600
  69,500
  Net Cash Used by Operating Activities
  (250,292
  )
  (156,986
  )
  CASH FLOWS FROM INVESTING ACTIVITIES:
  Deposits for acquisition of intangible assets
  (55,000
  )
  (125,000
  )
  Trademark
  (625
  )
  (550
  )
  Net Cash Used by Investing Activities
  (55,625
  )
  (125,550
  )
  CASH FLOWS FROM FINANCING ACTIVITIES:
  Bank overdraft
  —
  (987
  )
  Proceeds from sale of common stock
  —
  232,500
  Proceeds from notes payable
  366,250
  102,500
  Payments on notes payable
  (65,000
  )
  (37,500
  )
  Net Cash Provided by Financing Activities
  301,250
  296,513
  NET INCREASE IN CASH AND CASH EQUIVALENTS
  $
  (4,667
  )
  $
  13,977
  CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
  14,949
  —
  CASH AND CASH EQUIVALENTS, END OF PERIOD
  $
  10,282
  $
  13,977
  SUPPLEMENTAL CASH FLOW INFORMATION
  Cash Payments For:
  Interest
  $
  —
  $
  —
  Income taxes
  $
  —
  $
  —
  Non-cash financing activity:
  Initial derivative liability on convertible notes payable
  $
  420,636
  $
  30,434
  Common stock issued as part of Promissory Note loans recorded
  as debt discounts and credited to common stock and additional
  paid in capital
  $
  117,176
  $
  25,610
  Conversion of debt into stock
  $
  —
  $
  65,378
  The accompanying notes are an integral part of these financial statements
  6
  Table of Contents
  MUSIC OF YOUR LIFE, INC.
  Notes to the Consolidated Financial
  Statements
  February 29, 2016
  (Unaudited)
  NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING
  POLICIES AND ORGANIZATION
  Basis of Presentation
  The accompanying unaudited
  financial statements are presented in accordance with generally accepted accounting principles for interim financial information
  and the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and
  footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management,
  all adjustments (consisting only of normal occurring accruals) considered necessary in order to make the financial statements not
  misleading, have been included. Operating results for the nine months ended February 29, 2016 are not necessarily indicative of
  results that may be expected for the year ending May 31, 2016.
  Organization
  Music of Your Life, Inc. (hereafter,
  "we", "our", "us", "MYL", or the "Company") was incorporated on January
  30, 2008, in the State of Florida, as ZhongSen International Tea Company, with the principal business objective of providing sales
  and marketing consulting services to small to medium sized Chinese tea producing companies who wish to export and distribute high
  quality Chinese tea products worldwide. The Company commenced business activities in August, 2008, when it entered into a related
  party Sales and Marketing Agreement with Yunnan Zhongsen Group, Ltd. However, due to lack of capital, the Company was unable to
  implement its business plan fully. On May 31, 2013, the Company entered into a merger agreement(the "Merger") with
  Music of Your Life, Inc., a Nevada corporation ("MYL Nevada"). As a result of the Merger, MYL Nevada is a wholly-owned
  subsidiary of the Company, and the Company is now operating a multi-media entertainment company, producing television shows and
  radio programming. The Company changed its name to Music of Your Life, Inc. effective July 26, 2013.
  NOTE 2 - LOANS RECEIVABLE – RELATED
  PARTY
  During the year ended May
  31, 2013, the Company loaned $174,950 to the Company's current chief executive in anticipation of the merger agreement described
  in Note 1. The loans are non-interest bearing and due on demand. Effective May 31, 2015, the Company agreed to waive collection
  of $100,000 of the remaining $115,950 loans receivable balance in exchange for the chief executive officer's agreement to
  waive payment of the $100,000 accrued consulting fees balance due him at May 31, 2015 (see Note 9). As of February 29, 2016, the
  balance due on this loan was $15,950.
  NOTE 3 - DEPOSITS FOR ACQUISITION OF
  INTANGIBLE ASSETS
  As of February 29, 2016 the
  Company had paid $239,000 to the wife of the chief executive officer as deposits for certain trademarks and other intellectual
  property to be assigned to the Company. Under the agreement, the Company failed to pay a total of $250,000 by December 31, 2015,
  and therefore the Company could forfeit all rights, title and interest in the trademarks and intellectual property unless extended
  by her. As of the date of this filing, the agreement had not been extended but the Company is in negotiations to extend the agreement.
  NOTE 4 - MUSIC INVENTORY
  The Company purchases digital
  music to broadcast over the radio and internet. During the nine months ended February 29, 2016, the Company purchased $2,956 worth
  of music inventory. The amount of music inventory held at February 29, 2016 was $7,101.
  7
  Table of Contents
  MUSIC OF YOUR LIFE, INC.
  Notes to the Consolidated Financial
  Statements
  February 29, 2016
  (Unaudited)
  NOTE 5 - NOTES PAYABLE
  Notes payable consisted of
  the following:
  February 29,
  2016
  May 31,
  2015
  Notes payable to a corporation, non interest bearing, due on demand, unsecured
  $
  —
  $
  55,000
  Note payable to an individual, stated interest of $15,000, due on October 15, 2014, in default (A)
  50,000
  50,000
  Note payable to an individual, due on May 22, 2015, in default (B)
  25,000
  25,000
  Note payable to an individual, non interest bearing, due on August 23, 2015, in default (C)
  25,000
  —
  Note payable to an entity, non interest bearing, due on February 1, 2016, in default (D)
  50,000
  —
  Note payable to a family trust, stated interest of $2,500, due on October 31, 2015, in default (E)
  25,000
  —
  Note payable to an individual, stated interest of $2,500, due on October 31, 2015, in default (F)
  25,000
  —
  Note payable to a corporation, stated interest of $5,000, due on October 21, 2015, in default (G)
  50,000
  —
  Note payable to a corporation, stated interest of $5,000, due on November 6, 2015, in default (H)
  50,000
  —
  Note payable to an individual, stated interest of $2,500, due on December 20, 2015, in default (I)
  25,000
  —
  Convertible note payable to an entity, interest at 10%, due on June 25, 2016 – net of discount of $23,806 (J)
  31,944
  —
  Note payable to an individual, stated interest of $2,500, due on December 18, 2015, in default (K)
  25,000
  —
  Convertible note payable to an entity, interest at 12%, due on December 22, 2016 – net of discount of $16,230 (L)
  3,770
  —
  Convertible note payable to an entity, interest at 12%, due on December 22, 2016 – net of discount of $16,612 (M)
  3,388
  —
  Convertible note payable to an entity, interest at 10%, due on November 12, 2016 – net of discount of $33,297 (N)
  2,203
  —
  Total Notes Payable
  391,305
  130,000
  Less: Current Portion
  (391,305
  )
  (130,000
  )
  Long-Term Notes Payable
  $
  —
  $
  —
  (A) On August 15, 2014, the
  Company issued a $50,000 Promissory Note with a stated interest amount of $15,000 due at maturity on October 14, 2014. The Company
  also issued 350,000 shares of common stock, valued at $52,500, as part of the note agreement. The proceeds of the note were allocated
  between the principal and the market value of the stock resulting in the Company recording a discount on the debt of $25,610. This
  amount was amortized over the 60 days life of the promissory note.
  8
  Table of Contents
  MUSIC OF YOUR LIFE, INC.
  Notes to the Consolidated Financial
  Statements
  February 29, 2016
  (Unaudited)
  (B) On April 22, 2015, the
  Company issued a $25,000 Promissory Note, non-interest bearing (interest at 24% per annum after May 22, 2015), due at maturity
  on May 22, 2015. The Company also agreed to issue 500,000 shares of common stock, valued at $50,000 on April 22, 2015, as part
  of the note agreement. The proceeds of the note were allocated between the principal and the market value of the stock resulting
  in the Company recording a discount on the debt of $16,667. This amount was amortized over the 30 days life of the promissory note.
  (C) On June 23, 2015, the
  Company issued a $25,000 Promissory Note, non-interest bearing, due at maturity on August 23, 2015. The Company also agreed to
  issue 500,000 shares of common stock, valued at $20,000, as part of the note agreement. The proceeds of the note were allocated
  between the principal and the market value of the stock resulting in the Company recording a discount on the debt of $11,111. This
  amount was amortized over the 60 days life of the promissory note.
  (D) On July 24, 2015, the
  Company issued a $50,000 Promissory Note to Kodiak Capital Group, LLC ("Kodiak") for services rendered in association
  with the Equity Purchase Agreement (See Note 8). As amended and restated January 4, 2016, the note is non-interest bearing and
  is due on February 1, 2016.
  (E) On July 31, 2015, the
  Company issued a $25,000 Promissory Note with a stated interest amount of $2,500 due at maturity on October 31, 2015. The Company
  also issued 1,000,000 shares of common stock, valued at $38,000, as part of the note agreement. The proceeds of the note were allocated
  between the principal and the market value of the stock resulting in the Company recording a discount on the debt of $15,079. This
  amount was amortized over the 90 days life of the promissory note.
  (F)
  On July 31, 2015, the Company issued a second $25,000 Promissory Note with a stated interest amount of $2,500 due at maturity
  on October 31, 2015. The Company also issued 1,000,000 shares of common stock, valued at $38,000, as part of the note
  agreement. The proceeds of the note were allocated between the principal and the market value of the stock
  resulting
  in the Company recording a discount on the debt of $15,079. This amount was amortized over the 90 days life of the promissory
  note.
  (G) On August 6, 2015, the
  Company issued a $50,000 Promissory Note with a stated interest amount of $5,000 due at maturity on October 21, 2015. The Company
  also agreed to issue 2,000,000 shares of common stock, valued at $76,000, as part of the note agreement. The proceeds of the note
  were allocated between the principal and the market value of the stock resulting in the Company recording a discount on the debt
  of $30,159. This amount was amortized over the 75 days life of the promissory note.
  (H) On August 21, 2015, the
  Company issued a $50,000 Promissory Note with a stated interest amount of $5,000 due at maturity on November 6, 2015. The Company
  also agreed to issue 2,000,000 shares of common stock, valued at $60,000, as part of the note agreement. The proceeds of the note
  were allocated between the principal and the market value of the stock resulting in the Company recording a discount on the debt
  of $27,273. This amount was amortized over the 75 days life of the promissory note.
  (I) On September 21, 2015,
  the Company issued a $25,000 Promissory Note with a stated interest amount of $2,500 due at maturity on December 20, 2015. The
  Company also agreed to issue 1,000,000 shares of common stock, valued at $30,000, as part of the note agreement. The proceeds of
  the note were allocated between the principal and the market value of the stock resulting in the Company recording a discount on
  the debt of $13,636. This amount was amortized over the 90 days life of the promissory note. In the event that all principal and
  interest are not paid to the lender by January 20, 2016, the Company is obligated to issue another 1,000,000 shares of common stock
  to the lender and for interest to accrue at a rate of 24% per annum commencing on January 21, 2016.
  (J) On September 25, 2015,
  the Company issued a $55,750 Convertible Promissory Note to a lender for net loan proceeds of $45,000. The note bears interest
  at a rate of 10% per annum (24% per annum default rate), is due on June 25, 2016, and is convertible at the option of the lender
  into shares of the Company common stock at a Conversion Price equal to the lesser of (a) 55% of the lowest Trading Price during
  the 25 Trading Day period prior to the Conversion Date or (b) $.00605 per share. See Note 7 (Derivative Liability).
  9
  Table of Contents
  MUSIC OF YOUR LIFE, INC.
  Notes to the Consolidated Financial
  Statements
  February 29, 2016
  (Unaudited)
  (K) On November 13, 2015,
  the Company issued a $25,000 Promissory Note with a stated interest amount of $2,500 due at maturity on December 18, 2015. The
  Company also agreed to issue 200,000 shares of common stock, valued at $6,000, as part of the note agreement. The proceeds of the
  note were allocated between the principal and the market value of the stock resulting in the Company recording a discount on the
  debt of $4,839. This amount was amortized over the 35 days life of the promissory note. In the event that all principal and interest
  are not paid to the lender by December 18, 2015, the Company is obligated to pay late fees of 5,000 shares of common stock per
  day for the first 60 days after December 18, 2015, and beginning with the 61
  st
  day after December 18, 2015, any balance
  owed shall accrue interest at a rate of 10% per annum.
  (L) On December 22, 2015,
  the Company issued a $20,000 Convertible Promissory Note to a lender for net loan proceeds of $15,000. The note bears interest
  at a rate of 12% per annum, is due on December 22, 2016, and is convertible at the option of the lender into shares of the Company
  common stock at a Conversion Price equal to 50% of the lowest closing bid price during the 30 Trading Day period prior to the Conversion
  Date. See Note 7 (Derivative Liability).
  (M) On December 29, 2015,
  the Company issued a $20,000 Convertible Promissory Note to a lender for net loan proceeds of $15,000. The note bears interest
  at a rate of 12% per annum, is due on December 22, 2016, and is convertible at the option of the lender into shares of the Company
  common stock at a Conversion Price equal to 50% of the lowest closing bid price during the 30 Trading Day period prior to the Conversion
  Date. See Note 7 (Derivative Liability).
  (N) On February 12, 2016,
  the Company issued a $35,500 Convertible Promissory Note to a lender for net loan proceeds of $27,000. The note bears interest
  at a rate of 10% per annum (24% per annum default rate), is due on November 12, 2016, and is convertible at the option of the lender
  into shares of the Company common stock at a Conversion Price equal to the lesser of (a) 55% of the lowest Trading Price during
  the 25 Trading Day period prior to the Conversion Date or (b) $.00605 per share. See Note 7 (Derivative Liability).
  NOTE 6 - NOTES PAYABLE – RELATED PARTIES
  Notes payable – related
  parties consisted of the following:
  February 29,
  2016
  May 31,
  2015
  Note payable to an individual significant stockholder, interest capped at $75,000, due on demand
  $
  150,000
  $
  150,000
  Note payable to wife of Company's chief executive officer, non-interest bearing, due on demand, unsecured
  2,688
  2,688
  Note payable to Company law firm, non-interest bearing, due on demand, unsecured
  2,073
  2,073
  Total Notes Payable
  154,761
  154,761
  Less: Current Portion
  (154,761
  )
  (154,761
  )
  Long-Term Notes Payable
  $
  —
  $
  —
  10
  Table of Contents
  MUSIC OF YOUR LIFE, INC.
  Notes to the Consolidated Financial
  Statements
  February 29, 2016
  (Unaudited)
  NOTE 7 – DERIVATIVE LIABILITY
  The derivative liability at
  February 29, 2016 consisted of:
  Face Value
  Derivative Liability
  Convertible note payable issued September 25, 2015, due June 25, 2016 (J)
  $
  55,750
  $
  336,328
  Convertible note payable issued December 22, 2015, due December 22, 2016 (L)
  20,000
  142,182
  Convertible note payable issued December 29, 2015, due December 29, 2016 (M)
  20,000
  142,182
  Convertible note payable issued February 12, 2016, due November 12, 2016 (N)
  35,500
  225,803
  Totals
  $
  131,250
  $
  846,495
  The above convertible notes
  contain a variable conversion feature based on the future trading price of the Company common stock. Therefore, the number of shares
  of common stock issuable upon conversion of the notes is indeterminate. Accordingly, we have recorded the fair value of the embedded
  conversion features as a derivative liability at the respective issuance dates of the notes ($420,636 total for the nine months
  ended February 29, 2016) and charged the applicable amounts to debt discounts ($131,250 total for the nine months ended February
  29, 2016) and the remainder to interest expense ($289,386 total for the nine months ended February 29, 2016). The increase (decrease)
  in the fair value of the derivative liability from the respective issuance dates of the notes to the measurement date ($425,859
  total increase for the nine months ended February 29, 2016) is charged (credited) to other expense (income). The fair value of
  the derivative liability of the notes is measured at the respective issuance dates and quarterly thereafter using the Black Scholes
  option pricing model. Assumptions used for the calculations of the derivative liability of the notes at February 29, 2016 include
  (1) stock price of $0.04 per share, (2) exercise prices ranging from $0.0055 to $0.0061 per share, (3) terms ranging from 117 days
  to 297 days, (4) expected volatility of 407% and (5) risk free interest rates ranging from 0.38% to 0.57%.
  NOTE 8 - EQUITY TRANSACTIONS
  On July 21, 2015 the Company
  issued 1,000,000 shares of common stock for consulting services rendered to the Company which was recorded as consulting fees on
  the statement of operations in the amount of $33,000.
  On June 23, 2015, the Company
  issued 500,000 shares of common stock to an accredited investor in consideration of the investor making a $25,000 loan to the Company
  (see Note 5).
  On July 31, 2015, the Company
  issued a total of 2,000,000 shares of common stock to two accredited investors in consideration of the investors making two separate
  $25,000 loans to the Company (see Note 5).
  On August 6, 2015, the Company
  agreed to issue 2,000,000 shares of common stock to an accredited investor in consideration of the investor making a $50,000 loan
  to the Company (see Note 5).
  On August 21, 2015, the Company
  agreed to issue 2,000,000 shares of common stock to an accredited investor in consideration of the investor making a $50,000 loan
  to the Company (see Note 5).
  11
  Table of Contents
  MUSIC OF YOUR LIFE, INC.
  Notes to the Consolidated Financial
  Statements
  February 29, 2016
  (Unaudited)
  On September 21, 2015, the
  Company issued 1,000,000 shares of common stock to an accredited investor in consideration of the investor making a $25,000 loan
  to the Company (see Note 5).
  On November 13, 2015, the
  Company agreed to issue 200,000 shares of common stock to an accredited investor in consideration of the investor making a $25,000
  loan to the Company (see Note 5).
  NOTE 9 - COMMITMENTS AND CONTINGENCIES
  Service Agreements
  On November 5, 2012, the Company
  executed a General Services Agreement with the Company's chief executive officer. The agreement provided for monthly compensation
  of $10,000 and was to remain in full force and effect until either party provided 30 days notice of termination to the other party.
  Effective May 31, 2015, the chief executive officer agreed to waive payment of the $100,000 accrued consulting fees balance due
  him at May 31, 2015 in exchange for the Company's agreement to waive collection of $100,000 of the remaining $115,950 loans
  receivable balance due from the chief executive officer at May 31, 2015 before this transaction (see Note 2). As of May 31, 2015,
  this agreement has been terminated.
  On November 15, 2012 and June
  3, 2013, the Company executed General Services Agreements with two other service providers. The agreements provided for monthly
  compensation of $1,000 and $500, respectively, and were to remain in full force and effect until either party provided 90 days
  and 30 days, respectively, notice of termination to the other party. Effective September 1, 2015, these two agreements were replaced
  by Consulting Agreements to provide for monthly compensation of $5,000 to each of the two service providers. The term of the agreement
  for the first service provider is from September 1, 2015 to December 31, 2015 and thereafter on a month-to-month basis. The term
  of the agreement for the second service provider is from September 1, 2015 to December 31, 2016 and thereafter on a month-to-month
  basis. The Company may terminate both of these Consulting Agreements at any time without cause.
  Effective September 1, 2015,
  the Company entered into a Consulting Agreement with another service provider. The agreement provides for monthly compensation
  of $1,000 for a term from September 1, 2015 to December 31, 2016 and thereafter on a month-to-month basis. The Company may terminate
  this Consulting Agreement at any time without cause.
  Equity Purchase Agreement
  On July 24, 2015, the Company
  executed an Equity Purchase Agreement and a Registration Rights Agreement with Kodiak Capital Group, LLC ("Kodiak")
  and issued a Promissory Note to Kodiak with a $50,000 face value for services rendered in association with the Equity Purchase
  Agreement (see Note 5). The Equity Purchase Agreement (which expires July 24, 2016) provides for Kodiak to purchase up to $1,000,000
  of the Company's common stock to be sold at a 30% discount to market. The Company is required to file and have declared effective
  a Registration Statement with the SEC relating to these shares. The Company initially filed a Registration Statement with the SEC
  on October 9, 2015; the amended Registration Statement was declared effective on February 17, 2016.
  NOTE 10 - GOING CONCERN
  The accompanying financial
  statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of
  assets and satisfaction of liabilities in the normal course of business. At February 29, 2016, the Company had negative working
  capital of $1,547,116 and an accumulated deficit of $2,461,495. These factors raise substantial doubt regarding the Company's
  ability to continue as a going concern.
  To date the Company has funded
  its operations through a combination of loans and sales of common stock. The Company anticipates another net loss for the fiscal
  year ended May 31, 2016 and with the expected cash requirements for the coming year, there is substantial doubt as to the Company's
  ability to continue operations.
  12
  Table of Contents
  MUSIC OF YOUR LIFE, INC.
  Notes to the Consolidated Financial
  Statements
  February 29, 2016
  (Unaudited)
  The Company is attempting to improve these conditions
  by way of financial assistance through issuances of notes payable and additional equity and by generating revenues through sales
  of products and services.
  The financial statements do
  not include any adjustments that might result from the outcome of this uncertainty.
  NOTE 11 - SUBSEQUENT EVENTS
  On March 4, 2016, the Company
  issued 200 shares of Series A Preferred Stock to the Company's chief executive officer for services rendered. Each share
  of Series A Preferred Stock is entitled to 2,000,000 votes. The Series A Preferred Stock has no conversion, liquidation, or dividend
  rights.
  On March 7, 2016 and March
  28, 2016, the Company received a total of $12,600 cash pursuant to the Equity Purchase Agreement with Kodiak Capital Group, LLC
  ("Kodiak") (see Note 9) and issued Kodiak a total of 2,500,000 shares of common stock.
  On March 17, 2016, the Company
  issued a $44,000 Promissory Note to an entity for net cash proceeds of $30,000. The Note bears interest at 10% (24% default rate),
  is due September 17, 2016, and is convertible into Company common stock at a Variable Conversion Price equal to the lesser of 65%
  of the lowest trading price for the 30 trading day period ending on the last complete trading day prior to the Issue Date or Conversion
  Date.
  On March 23, 2016, an investor
  trust executed a Subscription Agreement to purchase in two tranches a total of 46,000,000 shares of Company common stock. The first
  tranche was 18,400,000 shares for cash proceeds of $100,000 (which was received March 24, 2016). The second tranche is for 27,600,000
  shares for $150,000 (which is due on April 23, 2016).
  On March 25, 2016, the Company
  executed a Settlement and Release Agreement with the entity holder of a $55,750 Convertible Note due June 25, 2016 (see Note 5).
  Under the Agreement, the Company is to pay the Noteholder $29,249.66 on March 24, 2016 (which was paid on March 24, 2016) and $59,064.45
  on April 29, 2016.
  13
  Table of Contents
  Item 2.
  Management's Discussion and Analysis
  of Financial Condition and Results of Operation
  The following discussion contains
  forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange
  Act of 1934 relating to future events or our future performance. Actual results may materially differ from those projected in the
  forward-looking statements as a result of certain risks and uncertainties set forth in this prospectus. Although management believes
  that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that
  the underlying assumptions will, in fact, prove to be correct or that actual results will not be different from expectations expressed
  in this report.
  BUSINESS OVERVIEW
  We are a multi-media entertainment
  company that currently produces live radio programming 24 hours a day, syndicated to AM, FM and HD terrestrial radio stations around
  the country. The network is also heard streaming across the Internet using our registered trademark, iRadio®. Music of Your
  Life® has been on the air since 1978, making it the longest running syndicated music radio network in the world. Our principal
  source of revenue comes from selling radio spots, or commercials on the network, and licensing our trade names. Expenses which
  comprise the costs of goods sold will include licensing agreements and royalties, as well as operational and staffing costs related
  to the management of the Company's syndicated network. General and administrative expenses are comprised of administrative
  wages and benefits; occupancy and office expenses; outside legal, accounting and other professional fees; travel and other miscellaneous
  office and administrative expenses. Selling and marketing expenses include selling/marketing wages and benefits, advertising and
  promotional expenses, as well as travel and other miscellaneous related expenses.
  Because we have incurred
  losses, income tax expenses are immaterial. No tax benefits have been booked related to operating loss carryforwards, given our
  uncertainty of being able to utilize such loss carryforwards in future years. We anticipate incurring additional losses during
  the coming year.
  RESULTS OF OPERATION
  Following is management's
  discussion of the relevant items affecting results of operations for the three and nine months ended February 29, 2016 and February
  28, 2015.
  Revenues
  . The Company
  generated net revenues of $338 during the three months ended February 29, 2016 compared to $-0- for the three months ended February
  28, 2015. The Company generated net revenues of $4,137 during the nine months ended February 29, 2016 compared to $1,966 for the
  nine months ended February 28, 2015. Revenues were generated from spot sales, digital sales and subscription based sales from the
  live radio programming through radio stations around the country.
  Cost of Sales
  . Our
  cost of sales for the three and nine months ended February 29, 2016 was $-0-. Our cost of sales for the three and nine months ended
  February 28, 2015 was $-0-. Our cost of sales in the future will consist principally of licensing costs and royalties associated
  with our syndicated radio network, other related services provided directly or outsourced through our affiliates, as well as operational
  and staffing costs with respect thereto.
  Salaries and Consulting
  Fees
  . Salaries and consulting fees for the three months ended February 29, 2016 were $52,000 compared to $34,500 for the three
  months ended February 28, 2015. Salaries and consulting fees for the nine months ended February 29, 2016 were $143,500 compared
  to $106,500 for the nine months ended February 28, 2015. This expense category included stock-based compensation to consultants
  of $33,000 and $-0- for the nine months ended February 29, 2016 and February 28, 2015, respectively, and included chief executive
  officer accrued compensation of $-0- and $90,000, respectively. We expect that salaries and consulting expenses, that are cash
  instead of share-based, will increase as we add personnel to build our multi-media entertainment business.
  Professional Fees.
  Professional fees for the three months ended February 29, 2016 were $28,889 compared to $2,810 for the three months ended February
  28, 2015. Professional fees for the nine months ended February 29, 2016 were $77,459 compared to $28,868 for the nine months ended
  February 28, 2015. We anticipate that professional fees will increase in future periods as we scale up our operations.
  14
  Table of Contents
  Selling, General and
  Administrative Expenses
  . Selling, general and administrative expenses were $27,325 for the three months ended February 29,
  2016 compared to $34,138 for the three months ended February 28, 2015. Selling, general and administrative expenses were $109,833
  for the nine months ended February 29, 2016 compared to $79,241 for the nine months ended February 28, 2015. We anticipate that
  SG&A expenses will increase commensurate with an increase in our operations.
  Other Income (Expense).
  The Company had net other expenses of $409,980 for the three months ended February 29, 2016 compared to net other income of $2,581
  for the three months ended February 28, 2015. The Company had net other expenses of $989,266 for the nine months ended February
  29, 2016 compared to net other expenses of $90,610 for the nine months ended February 28, 2015. During the nine months ended February
  29, 2016, other expenses incurred were comprised of interest expenses related to notes payable in the amount of $513,407, which
  included the amortization of debt discounts of $158,482. During the nine months ended February 29, 2016, the Company also recorded
  a loss on the change in fair value of derivative liability in the amount of $425,859.
  LIQUIDITY AND CAPITAL RESOURCES
  As of February 29, 2016,
  our primary source of liquidity consisted of $10,282 in cash and cash equivalents. We hold most of our cash reserves in local checking
  accounts with local financial institutions. Since inception, we have financed our operations through a combination of short and
  long-term loans, and through the private placement of our common stock.
  We have sustained significant
  net losses which have resulted in negative working capital and an accumulated deficit at February 29, 2016 of $1,547,116 and $2,461,495,
  respectively, which raises doubt about our ability to continue as a going concern. We generated a net loss for the nine months
  ended February 29, 2016 of $1,315,921. Without additional revenues, working capital loans, or equity investment, there is substantial
  doubt as to our ability to continue operations.
  We believe these conditions
  have resulted from the inherent risks associated with small public companies. Such risks include, but are not limited to, the ability
  to (i) generate revenues and sales of our products and services at levels sufficient to cover our costs and provide a return for
  investors, (ii) attract additional capital in order to finance growth, and (iii) successfully compete with other comparable companies
  having financial, production and marketing resources significantly greater than those of the Company.
  We believe that our capital
  resources are insufficient for ongoing operations, with minimal current cash reserves, particularly given the resources necessary
  to expand our multi-media entertainment business. We will likely require considerable amounts of financing to make any significant
  advancement in our business strategy. There is presently no agreement in place that will guarantee financing for our Company, and
  we cannot assure you that we will be able to raise any additional funds, or that such funds will be available on acceptable terms.
  Funds raised through future equity financing will likely be substantially dilutive to current shareholders. Lack of additional
  funds will materially affect our Company and our business, and may cause us to substantially curtail or even cease operations.
  Consequently, you could incur a loss of your entire investment in the Company.
  CRITICAL ACCOUNTING PRONOUNCEMENTS
  Our financial statements and related
  public financial information are based on the application of generally accepted accounting principles in the United States ("GAAP").
  GAAP requires the use of estimates, assumptions, judgments and subjective interpretations of accounting principles that have an
  impact on the assets, liabilities, revenues and expense amounts reported. These estimates can also affect supplemental information
  contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our
  use of estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We
  base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances.
  Actual results may differ materially from these estimates under different assumptions or conditions. We continue to monitor
  significant estimates made during the preparation of our financial statements.
  15
  Table of Contents
  Our significant accounting policies
  are summarized in Note 2 of our financial statements included in our May 31, 2015 Form 10-K. While all of these significant accounting
  policies impact our financial condition and results of operations, we view certain of these policies as critical. Policies determined
  to be critical are those policies that have the most significant impact on our financial statements and require management to use
  a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that given
  current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause
  a material effect on our results of operations, financial position or liquidity for the periods presented in this report.
  Revenue Recognition
  We recognize revenue on arrangements
  in accordance with FASB ASC No. 605, "Revenue Recognition".  In all cases, revenue is recognized only when
  the price is fixed and determinable, persuasive evidence of an arrangement exists, the service is performed and collectability
  of the resulting receivable is reasonably assured.
  RECENT ACCOUNTING PRONOUNCEMENTS
  We have reviewed accounting pronouncements
  issued during the past two years and have adopted any that are applicable to the Company. We have determined that none had a material
  impact on our financial position, results of operations, or cash flows for the periods presented in this report.
  OFF-BALANCE SHEET ARRANGEMENTS
  We do not have any off-balance sheet
  arrangements, financings, or other relationships with unconsolidated entities or other persons, also known as "special purpose
  entities" ("SPE"s).
  Item 3. Quantitative and Qualitative
  Disclosures about Market Risks
  Not applicable because we are a smaller
  reporting company.
  Item 4. Controls
  and Procedures
  Evaluation of Disclosure Controls
  and Procedures
  Pursuant to Rule 13a-15(b) under the
  Securities Exchange Act of 1934 ("Exchange Act"), the Company carried out an evaluation, with the participation of
  the Company's management, including the Company's Chief Executive Officer ("CEO") and Chief Financial Officer
  ("CFO"), of the effectiveness of the Company's disclosure controls and procedures (as defined under Rule 13a-15(e)
  under the Exchange Act) as of the end of the period covered by this report. Based upon that evaluation, the Company's CEO
  and CFO concluded that the Company's disclosure controls and procedures were not effective to ensure that information required
  to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act, is recorded, processed,
  summarized and reported, within the time periods specified in the SEC's rules and forms, and that such information is accumulated
  and communicated to the Company's management, including the Company's CEO and CFO, as appropriate, to allow timely
  decisions regarding required disclosure as a result of continuing material weaknesses (such as the absence of an audit committee
  and absence of qualified independent directors) in its internal control over financial reporting.
  Changes in Internal Controls Over
  Financial Reporting
  There have been no changes in the Company's
  internal control over financial reporting during the latest fiscal quarter that have materially affected, or are reasonably likely
  to materially affect, the Company's internal control over financial reporting.
  16
  Table of Contents
  PART II - OTHER INFORMATION
  Item 1. Legal Proceedings.
  Currently we are not aware of any litigation
  pending or threatened by or against the Company.
  Item 1A. Risk Factors
  Not applicable because we are a smaller
  reporting company.
  Item 2. Unregistered Sales of Equity
  Securities and Use of Proceeds
  On July 21, 2015
  the Company issued 1,000,000 shares of common stock for consulting services rendered to the Company which was recorded as consulting
  fees on the statement of operations in the amount of $33,000.
  On June 23, 2015,
  the Company issued 500,000 shares of common stock to an accredited investor in consideration of the investor making a
  $25,000 loan to the Company.
  On July 31, 2015,
  the Company issued a total of 2,000,000 shares of common stock to two accredited investors in consideration of the investors making
  two separate $25,000 loans to the Company.
  On August 6, 2015,
  the Company agreed to issue 2,000,000 shares of common stock to an accredited investor in consideration of the investor making
  a $50,000 loan to the Company.
  On August 21, 2015,
  the Company agreed to issue 2,000,000 shares of common stock to an accredited investor in consideration of the investor making
  a $50,000 loan to the Company.
  On September 21,
  2015, the Company issued 1,000,000 shares of common stock to an accredited investor in consideration of the investor making
  a $25,000 loan to the Company.
  On November 13,
  2015, the Company agreed to issue 200,000 shares of common stock to an accredited investor in consideration of the investor making
  a $25,000 loan to the Company.
  With respect to
  the transactions noted above, each of the recipients of securities of the Company was an accredited investor, or is considered
  by the Company to be a "sophisticated person", inasmuch as each of them has such knowledge and experience in financial
  and business matters that they are capable of evaluating the merits and risks of receiving securities of the Company. No solicitation
  was made and no underwriting discounts were given or paid in connection with these transactions. The Company believes that the
  issuance of its securities as described above was exempt from registration with the Securities and Exchange Commission pursuant
  to Section 4(2) of the Securities Act of 1933.
  Item 3. Defaults Upon Senior Securities.
  The Company has not
  paid the principal and interest due on ten  notes payable aggregating $350,000 at February 29, 2016. See Note 5 to the
  Consolidated Financial Statements.
  Item 4. Mine Safety Disclosures
  Not Applicable.
  Item 5. Other Information.
  None.
  17
  Table of Contents
  Item 6. Exhibits.
  Exhibit No.
  Description
  3.1
  Amended and Restated Articles of Incorporation of Music of Your life, Inc.
  3.2
  Amended and Restated Bylaws of Music of Your Life, Inc.
  31.1
  Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
  .
  32.1
  Certification of Principal Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
  .
  101.INS
  XBRL Instance Document
  101.SCH
  XBRL Taxonomy Extension Schema Document
  101.CAL
  XBRL Taxonomy Extension Calculation Linkbase Document
  101.DEF
  XBRL Taxonomy Extension Definition Linkbase Document
  101.LAB
  XBRL Taxonomy Extension Label Linkbase Document
  101.PRE
  XBRL Taxonomy Extension Presentation Linkbase Document
  SIGNATURES
  Pursuant to the requirements of the
  Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto
  duly authorized.
  Music of Your Life, Inc.
  Date: April 19, 2016
  By:
  /s/  Marc Angell
  Marc Angell
  Chief Executive Officer
  (Duly Authorized Officer and Principal Executive Officer)
  18