C03890-2015

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Jul 14, 2015
2. SEC Identification Number
A200117708
3. BIR Tax Identification No.
219-934-330
4. Exact name of issuer as specified in its charter
XURPAS INC.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
7F Cambridge Centre, 108 Tordesillas St., Salcedo Village, Makati City Postal Code 1227
8. Issuer's telephone number, including area code
(632) 889-6467
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares 1,720,000,660
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Xurpas Inc.X

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Ratification of investment in new corporation
Background/Description of the Disclosure

The Board of Directors of Xurpas Inc. ("Xurpas") ratified Xurpas' subscription to 3,349,996 shares or 67% shareholdings in Xeleb Inc. ("Xeleb"), a new domestic corporation that will engage in the development, design, sale and distribution of celebrity-branded games and applications.

Xeleb has an authorized capital stock of Ph20 million, of which Php5 million is subscribed and paid-up. Xeleb's other incorporators and shareholders include Anne O. Curtis-Smith (14%), Isabelle D. Daza (8%), Alejandro "Kim" I. Atienza (8%) and Erwan Jean A. Heussaff (3%).

Xeleb will constantly build a growing portfolio of games based on the celebrity shareholders' distinct brands. The celebrity shareholders will also help Xeleb expand its network of stars, with the end goal of owning the celebrity games space.

The invesment will expand and contribute to Xurpas' current portfolio of mobile content and services and therefore, strengthen its competitive edge locally. It is also seen to contribute greatly to Xurpas' revenues.
Other Relevant Information

Xeleb will launch its first celebrity-branded game, "Anne Galing," today, July 14, 2015. "Anne Galing," the first of many Anne Curtis-branded games, is a Match 3 game and is available on Google Play.

Prior to this disclosure, the transaction is subject of a strict confidentiality agreement between the parties.
Filed on behalf by:
Name Mark Gorriceta
Designation Assistant Chief Information Officer