Xeriant (XERI) 8-K Entry into a Material Definitive Agreement

Exhibit 99.2

BANJO AND MATILDA TRUST AND SUBSIDIARY

UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET

JUNE 30, 2013

	Banjo and Matilda Trust			Eastern World Solutions, Inc.			Combined Historical				Proforma Adjustments			Combined Pro Forma
CURRENT ASSETS
Cash and cash equivalents	$	11,104		$	–		$	11,104						$	11,104
Trade and other receivables, net		11,120			–			11,120							11,120
Inventory		329,598			–			329,598							329,598
Deferred tax		–			–			–							–
Other current assets		78,505			–			78,505							78,505
TOTAL CURRENT ASSETS		430,327			–			430,327							430,327
NON-CURRENT ASSETS
Investment in subsidiary										1		4,626,385			–
										2		(4,626,385	)
Intangible assets, net		43,310			–			43,310							43,310
Other receivable		142,658			–			142,658							142,658
Property and equipment, net		7,324			–			7,324							7,324
TOTAL NON-CURRENT ASSETS		193,292			–			193,292							193,292
TOTAL ASSETS	$	623,619		$	–		$	623,619						$	623,619
CURRENT LIABILITIES
Trade and other payables	$	395,802		$	7,123		$	402,925						$	402,925
Line of credit		93,968			–			–							–
Accrued interest		13,063			–			13,063							13,063
Advances		–			26,837			26,837		-					26,837
TOTAL CURRENT LIABILITIES		502,833			33,960			536,793							536,793
NON-CURRENT LIABILITIES
Loan from related party		293,640			–			293,640							293,640
TOTAL NON-CURRENT LIABILITIES		293,640			–			293,640							293,640
TOTAL LIABILITIES		796,473			33,960			830,433							830,433
STOCKHOLDERS’ EQUITY
Common stock		246,581			115			246,696		1		185			300
										2		(246,581	)
Additional paid in capital		–			76,304			76,304		1		4,626,200			246,281
										2		(4,456,223	)
Accumulated deficit		(492,293	)		(76,419	)		(568,712	)	2		76,419			(492,293	)
Current income (loss)		21,752			(33,960	)		(12,208	)			–			(12,208	)
Accumulated other comprehensive income (loss)		51,106			–			51,106							51,106
Treasury stock		–			–			–							–
TOTAL STOCKHOLDERS’ EQUITY		(172,854	)		(33,960	)		(206,814	)						(206,814	)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	623,619		$	–		$	623,619						$	623,619

Pro Forma Adjustments

#1	Investment in subsidiary	4,626,385	–
	Common stock		185
	Additional paid in capital		4,626,200

To record investment for Banjo. Issuance of 18,505,539 at $0.25 per share

#2	Investment in subsidiary	–	4,626,385
	Common stock	246,581	–
	Accumulated deficit	–	76,419
	Additional paid in capital	4,456,223

To remove investment during consolidation and adjust equity for reverse merger.

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UNAUDITED PRO FORMA CONDENSED COMBINED INCOME STATEMENT

For the Fiscal Year Ended June 30, 2013

UNAUDITED

	Banjo and Matilda Trust			Eastern World Solutions, Inc.			Combined Historical			Proforma Adjustments		Pro Forma
Revenue, net	$	1,724,181		$	–		$	1,724,181			–	$	1,724,181
Cost of sales		977,086			–			977,086					977,086
Gross profit		747,095			–			747,095					747,095
Operating expenses:
Payroll expenses		240,450			–			240,450					240,450
Administration expenses		195,422			33,960			229,382			–		229,382
Marketing expense		88,826			–			88,826					88,826
Occupancy expenses		47,518			–
Depreciation and amortization expenses		8,821			–			8,821					8,821
Total operating expenses		581,037			33,960			567,479					567,479
Income (loss) from operations		166,058			(33,960	)		132,098					132,098
Other income (expense)
Interest income		1			–			1					1
Other income		52,585			–			52,585					52,585
Finance costs		(196,892	)		–			(196,892	)		–		(196,892	)
Total other income (expense)		(144,306	)		–			(144,306	)				(144,306	)
Income (loss) before income tax provision		21,752			(33,960	)		(12,208	)				(12,208	)
Income tax provision		–			–			–					–
Net income (loss)		21,752			(33,960	)		(12,208	)				(12,208	)
Earnings per share:
Basic	$	217.520		$	(0.00	)	$	(0.00	)			$	(0.00	)
Diluted	$	185.915		$	(0.00	)	$	(0.00	)			$	(0.00	)
Weighted average number of shares outstanding:
Basic		100			11,500,000			11,500,100			22,005,439		33,505,539
Diluted		117			11,500,000			11,500,117			22,005,422		33,505,539

Pro Forma Adjustments

#1	To effect shares issued upon reorganization
	The Company did not include potentially dilutive shares issued or outstanding as the effect of those shares would have resulted in an antidilutive.

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UNAUDITED PRO FORMA CONDENSED COMBINED INCOME STATEMENT

For the Fiscal Year Ended June 30, 2012

UNAUDITED

	Banjo and Matilda Trust			Eastern World Solutions, Inc.			Combined Historical			Proforma Adjustments		Pro Forma
Revenue, net	$	950,812		$	–		$	950,812			–	$	950,812
Cost of sales		677,002			–			677,002					677,002
Gross profit		273,810			–			273,810					273,810
Operating expenses:
Pay roll expenses		131,896			–			131,896					131,896
Administration expenses		165,286			19,942			185,228			–		185,228
Marketing expense		144,303			–			144,303					144,303
Occupancy expenses		36,321			–			–					–
Depreciation and amortization expenses		6,018			–			6,018					6,018
Total operating expenses		483,824			19,942			467,445					467,445
Income (loss) from operations		(210,014	)		(19,942	)		(229,956	)				(229,956	)
Other income (expense)
Interest income		1			–			1					1
Other income		59			–			59					59
Finance costs		(56,348	)		–			(56,348	)		–		(56,348	)
Total other income (expense)		(56,288	)		–			(56,288	)				(56,288	)
Income (loss) before income tax provision		(266,302	)		(19,942	)		(286,244	)				(286,244	)
Income tax provision		–			–			–					–
Net income (loss)		(266,302	)		(19,942	)		(286,244	)				(286,244	)
Earnings per share:
Basic	$	(2,663.020	)	$	(0.00	)	$	(0.02	)			$	(0.01	)
Diluted	$	(2,663.020	)	$	(0.00	)	$	(0.02	)			$	(0.01	)
Weighted average number of shares outstanding:
Basic		100			11,500,000			11,500,100			22,005,439		33,505,539
Diluted		100			11,500,000			11,500,100			22,005,439		33,505,539

Pro Forma Adjustments

#1	To effect shares issued upon reorganization
	The Company did not include potentially dilutive shares issued or outstanding as the effect of those shares would have resulted in an antidilutive.

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NOTES TO THE UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

Note 1 – Basis for Pro Forma Presentation

The accompanying condensed combined pro forma financial statements illustrate the effect of the acquisition effective June 30, 2013 between Eastern World Solutions, Inc. (Company), and Banjo and Matilda Trust (Banjo) on the Company's financial position and results of operations. The pro forma condensed combined balance sheet as of June 30, 2013 is based on the historical balance sheets of the Company and Banjo as of that date. The pro forma condensed combined balance sheet assumes the acquisition took place on July 1, 2012.

The pro forma condensed combined income statement for the year ended June 30, 2013 is based on the historical income statements of Banjo and the Company, and assumes the acquisition took place on July 1, 2012. The pro forma condensed combined income statements for the fiscal year ended June 30, 2012 is based on the historical income statements of the Company and Banjo and assumes the acquisition took place on July 1, 2011.

The pro forma condensed combined financial statements may not be indicative of the actual results of the acquisition and there can be no assurance that the foregoing results will be obtained. In particular, the pro form condensed combined financial statements are based on the Company’s acquisition on June 30, 2013. The actual may differ.

The accompanying pro forma condensed combined financial statements should be read in conjunction with the historical financial statements of the Company and Banjo.

Note 2 – Acquisition

Eastern World Group, Inc. is an early stage company and was organized to engage in creating, marketing and selling of proprietary engagement marketing technologies and or acquiring complementary technologies and or other companies focused on the development and marketing of such technologies.

Banjo & Matilda Trust was formed in 2009 as a chartered proprietary limited entity in New South Wales, Australia. Banjo designs, produces, markets, distributes and sells luxury cashmere fashion.

The Reorganization has been accounted for as a reverse merger with Banjo being treated as the accounting acquirer.

Note 3 – Pro Forma Adjustments

Certain adjustments have been made to the historical financial statements in order to prepare the pro forma financial information as if the transaction had occurred at the beginning of the fiscal periods presented.

The adjustments are as follows:

(1) To record stock issuance of 18,505,539 common shares for the acquisition of Banjo.

(2) To eliminate the investment in subsidiaries during consolidation and equity for reverse merger.

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