Annual report pursuant to Section 13 and 15(d)

Note 10 - Related Party Transactions

v3.20.1
Note 10 - Related Party Transactions
12 Months Ended
Dec. 31, 2019
Notes  
Note 10 - Related Party Transactions

NOTE 10 - RELATED PARTY TRANSACTIONS

 

Due to Related Party

 

See Note 5 Due to Related Party for disclosure of payable to related Party.

 

Loan Payable – Related Party

 

See Note 6 Loan Payable – Related Parties for disclosure of loans payable to related Parties

 

Executive Compensation

 

See Note 8 – Stockholders’ Deficit for disclosure of warrants to purchase 1,000,000 shares of common stock at an exercise price of $.11 with a term of 5 years to the Executive Director of Asia Operations (a consultant). The Executive Director of Asia Operations is the spouse of the Chief Financial Officer. The Executive Director of Asia Operations is contracted on a month to month basis.

 

See Note 8 – Stockholder’ Deficiency for disclosure of compensation to the Chief Executive Officer and Chief Financial Officer.

 

Employment Agreement

 

See Note 9 – Commitments and Contingencies and Note 12 – Subsequent Event for disclosures of the Employment Agreements with the Chief Executive Officer and Chief Financial Officer.