NOTE 4 - RELATED PARTY TRANSACTIONS

During the nine months ended May 31, 2019, the president of the Company incurred $1,230 of expenses on behalf of the Company. The amounts owed to the related party as of May 31, 2019 and August 31, 2018 are $3,432 and $2,202, respectively. The amounts are non-interest bearing and have no terms of repayment.

During the nine months ended May 31, 2019, the former President, and current Senior Vice President, European Operations, who is a major stockholder of the Company, paid for expenses on behalf of the Company for a total of $10,992. The amount of $8,087 was repaid during the nine months ended May 31, 2019. The amounts owed to the related party as of May 31, 2019 and August 31, 2018 are $2,850 and $498, respectively. The amounts are non-interest bearing, and have no terms of repayment.

During the nine months ended May 31, 2019, Blackrock Ventures, Ltd., an entity owned by the Senior Vice President, European Operations, who is a major stockholder of the Company, provided $30,000 worth of consulting services to the Company. On March 15, 2019, the Board approved the issuance of 25,000 shares of our common stock valued at $240,000 in exchange for its prior services to the Company.