EX-99.3 4 ex99-3.txt PRO FORMA FINANCIAL STATEMENTS Masterbeat Corp. and Subsidiaries Unaudited Pro Forma Consolidated Balance Sheet September 30, 2009

See Notes to Unaudited Pro Forma Consolidated Financial Statements 1 Masterbeat Corp. and Subsidiaries Unaudited Pro Forma Consolidated Statements of Operations For the Nine Months Ended September 30, 2009

See Notes to Unaudited Pro Forma Consolidated Financial Statements 2 Masterbeat Corp. and Subsidiaries Unaudited Pro Forma Consolidated Statements of Operations For the Year Ended December 31, 2008

See Notes to Unaudited Pro Forma Consolidated Financial Statements 3 PRO FORMA ADJUSTMENTS The preceding unaudited condensed combined consolidated pro forma balance sheets have been prepared as if the share exchange Transaction was completed on September 30, 2009; the preceding unaudited condensed combined consolidated pro forma statements of operations have been prepared as if the share exchange transaction was completed, respectively, on January 1, 2009 and January 1, 2008. The following pro forma adjustments: (a) This adjustment reflects the share exchange between our company and Masterbeat, LLC, resulting total 10,000,000 shares of common stock outstanding after the merger. INCOME (LOSS) PER SHARE FROM CONTINUING OPERATIONS Pro forma basic and diluted shares outstanding include the weighted average number of common shares outstanding for Masterbeat Corp. during the respective periods, in addition to the common stock issued as a result of the share exchange assuming they had been issued at the beginning of the period. The common stock issued in connection with the share exchange Transaction is assumed to be outstanding for the entire period presented. 4

Masterbeat Corp 8-K/A