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Note 14 - Subsequent Events
3 Months Ended
Mar. 31, 2014
Notes  
Note 14 - Subsequent Events

NOTE 14 – SUBSEQUENT EVENTS

 

To fund our operations subsequent to March 31, 2014, we incurred additional indebtedness totaling $139,632, consisting of convertible debentures totaling $135,632 and short-term advances of $4,000.

 

            Subsequent to March 31, 2014, we issued a total of 23,963,687 shares of our common stock: 39,668 shares for unissued common shares; 16,200,000 shares to our founder, officers and directors for services valued at $972,000; 340,000 shares for consulting services valued at $20,400; and 7,384,019 shares for debt conversion of $68,529.

 

            On May 12, 2014, the Board of Directors of the Company adopted and approved the One World Holdings Inc. 2014 Stock Option and Stock Award Plan (the “Plan”).  Also, the holders of a majority of the Company’s outstanding common stock voted to approve and authorize adoption of the Plan.  A total of 2,000,000 shares of our common stock are available for issuance under the Plan.  Under the Plan, we may issue options, including incentive stock options and non-statutory stock options, restricted stock grants, or stock appreciation rights.  Awards under the Plan may be granted to employees, consultants, directors and individuals who meet the requirements defined in the Plan.