NOTE 4 - RELATED PARTY TRANSACTIONS

During the nine months ended May 31, 2017, the former President, and current Senior Vice President, European Operations, who is a major shareholder advanced the Company cash of $200, and paid rent expense on behalf of the Company for $3,074. As of May 31, 2017, the amount owed to this party was $3,274. The advance is non-interest bearing, and has no terms of repayment.

During the nine months ended May 31, 2017, the president of the Company incurred $4,204 of expenses on behalf of the Company. The amount owing to the related party as of May 31, 2017 is $4,204. The amounts are non-interest bearing, and have no terms of repayment.

During the nine months ended May 31, 2017, the Company borrowed an additional $12,406 from former President of the Company who at the time was the Company’s controlling shareholder; the amount borrowed was non-interest bearing and due on-demand loan (the “Shareholder Loan”). On November 18, 2016, the Shareholder Loan was forgiven for the total loan amount of $16,856.

On November 18, 2016, a former President of the Company transferred all of the 6,000,000 shares that they held to the current Senior Vice President, European Operations.

During the nine months ended May 31, 2017, the Company received $230,000, consisting of $80,000 from one non-related party, and $150,000 from two related parties. The amounts have been recorded as stock payable, and will be settled with shares of the Company. The amounts will be settled with the issuance of 575,000 common shares, purchase price of $0.40 and 575,000 warrants with an exercise price of $1.00 per share, and five years expiry date.

The Company has an employment contract with a key employee, Mr. Gregory Gorgas, who is an officer of the Company.

The amounts and terms of the above transactions may not necessarily be indicative of the amounts and terms that would have been incurred had comparable transactions been entered into with independent third parties.

During the nine months ended May 31, 2017, the company recorded $1,666 of stock compensation expense for two Board of Directors’ members.