Note 8 – Subsequent Events

The Company has evaluated all events that occurred after the balance sheet date through the date when the financial statements were issued to determine if they must be reported. The Management of the Company determined that the following reportable subsequent event(s) needed to be disclosed as followed:

Share issuances

On December 14, 2012, the Company sold 444,444 shares of common stock at $0.0225 per share or $10,000 for cash.

On January 15, 2013, the Company sold 684,930 shares of common stock at $0.0365 per share or $25,000 for cash.

On May 8, 2014, the Company issued 869,565 shares of its common stock in lieu of payment of $50,000 of the loan payable – stockholder/officer.

Formation of Majority-Owned Subsidiary

On September 17, 2014, the Company formed Clean Lithium Corporation under the laws of the State of New York as a wholly owned subsidiary with a nominal share capital of $100,000.

On October 13, 2014, the Company sold 150,000 shares (1.5%) in the Capital of Clean Lithium Corporation to Sukvinder Sokhi (the “Investor”) for $150,000.

Stock Option Issuances

Stock Option Shares

Stock options issued in February 20, 2013 to the third party for legal services with an exercise price of $0.10 per share expiring five (5) years from the date of issuance		150,000

Stock options issued in February 20, 2013 to the officer for his services with an exercise price of $0.10 per share expiring five (5) years from the date of issuance		250,000

Stock options issued on September 25, 2014 to a consultant with an exercise price of $0.20 per share expiring five (5) years from the date of issuance		100,000

Stock options issued on September 25, 2014 to a consultant for Research and Development work with an exercise price of $0.20 per share expiring five (5) years from the date of issuance		250,000

Stock options issued on September 25, 2014 to a consultant with an exercise price of $0.20 per share expiring five (5) years from the date of issuance		420,000

Stock options issued on September 25, 2014 to the advisory board member of the Company with an exercise price of $0.20 per share expiring five (5) years from the date of issuance		250,000