Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Related Party Transactions

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Note 9 - Related Party Transactions
9 Months Ended
Sep. 30, 2018
Notes  
Note 9 - Related Party Transactions

NOTE 9 – RELATED PARTY TRANSACTIONS

 

Due to Related Party

 

See Note 4 Due to Related Party for disclosure of payable to related Party.

 

Loan Payable – Related Party

 

See Note 5 Loan Payable – Related Parties for disclosure of loans payable to related Parties

 

Executive Compensation

 

See Note 7 – 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 7 – Stockholders’ Deficit for disclosure of compensation to the Chief Financial Officer. 

 

Employment Agreement

 

See Note 8 – Commitments and Contingencies for disclosure of the Employment Agreement with the Chief Executive Officer.