T.o Entertainment 8-K/A Index to Financial Statements

Loan Agreement,

Tokyo Tomin Bank

Date of Execution

5/26/2011

Borrower: T.O Entertainment, Inc.

(Takeichi Honda)

Address:

4F Frontier Ebisu, 3-13-11

Higashi, Shibuya, Tokyo 150-0011

Guarantor: Takeichi Honda

Address: 2-9-11 Nakagome,

Ota, Tokyo 143-0027

Clause 1: Loan Outline

The borrower (herein “borrower”) agrees to enter into the following loan agreement with Tokyo Tomin Bank (herein “bank”)

Amount	¥80,000,000		Date	2011/5/26
Purpose:		Long term operation, cash flow
Repayment Deadline		2012/5/26
Repayment Method		Initial Payment of ¥666,000 Due 6/30/2011. After Initial Payment, Monthly Fee ¥666,000 due at end of month. Final Payment of ¥746,000 due at end of period
Interest Rate		2.00% per year (Calculated at 1 Year = 365 days)
Interest Payment Period/Method		Initial Interest payment will be dues 6/30/2011. Second payment onward due monthly between month end and the next payment date.
Penalty Money		If debt is not fulfilled in accordance with this contract, late Payments will incur an additional 14% interest in penalty.
Settlement Account		Branch Name			Purpose	Acct. Num.
		Shibuya Branch			Long Term Operation	4116726
Holidays		Should loan or interest payments fall on a holiday, they will be due the following business day

T.O. Entertainment, Inc.

/s/ Takeichi Honda

By:

Takeichi Honda

Chief Executive Officer