Commitments

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

5. Commitments

On June 3, 2015, TTE signed and executed a Services Agreement with Sahoma Controlware, LLC ("Sahoma") to provide the Company with engineering services for the design, modeling and simulation of Turbine Truck Engine's Gas-to-Liquid ("GTL") Process technology for converting Methane and Oxygen Gas into Methanol Liquid. The contract cash price to complete the design, modeling and simulation as defined under this Phase 1 agreement is $36,080 with payment determined by three separate milestones as follows: (1) $10,824 paid to Sahoma Controlware, on June 3, 2015, as milestone #1 upon executing the agreement; (2) milestone payment #2 of $14,432, with a NET 30 days, to be paid to Sahoma upon first submittal of design & modeling document; and (3) milestone payment #3 of $10,824, with a NET 30 days, to be paid upon submission, by Sahoma to the Company, of all final design, modeling and simulation documents, drawings and electronic files. As of June 30, 2015, milestones #2 and #3 have not yet occurred. For the three and six months ended June 30, 2015, the Company recognized $10,824 and $10,824, respectively, in expense related to the agreement.

During the six months ended June 30, 2015, the Company entered into a consulting agreement with a contractor to provide consulting services for a six month period in exchange for 250,000 shares of common stock valued at $15,000, which represented the fair value of the common stock at the commitment date. As of June 30, 2015, the Company has recognized $2,500 of consulting expenses.