5. WARRANTS

During the nine months ended September 30, 2017, in connection to the deal signed with Landmaster and Crestmont, the Company issued to each Mr. Jay Wright and Mr. William Forkner, consultants, 158,583 5-year common stock purchase warrants with and exercise price of $0.07 per share, and Mr. Santiago Peralta, CEO, 171,443 5-year common stock purchase warrants with an exercise price of $0.07. The fair value of the warrants amounting to $34,197 was determined using the Black-Scholes model which included the following assumptions: a 5-year term, risk-free rate of 2.37%, $0 dividend, and a computed volatility ranging from 324-339%.

					Weighted
			Weighted		Average
			Average		Contractual		Aggregated
			Exercise		Term		Intrinsic
	Warrants		Price		(years)		Value
Outstanding, December 31, 2016		9,211,517		0.21		1.65	$	-

Granted		488,609		0.07		4.77	$	-

Exercised		-		-		-		-

Outstanding, September 30, 2017		9,700,126		0.20		1.34	$	-

Vested, September 30, 2017		9,700,126		0.20		1.34	$	-

Mr. Jay Wright and Mr. William Forkner are acting as advisers for Delta. Their roles are to bring projects to the Company, help evaluate the projects, help negotiate the final terms of the contract, and bring funding to the Company.