7. Related Party Transactions

3 Months Ended

Mar. 31, 2013

Notes

7. Related Party Transactions

Note 7 Related Party Transactions

 Through December 31, 2012, the CEO of Mondial Ventures, Inc. provided office space for the Company’s Scottsdale office free of charge. January  1, 2013 the Company  entered into a month to month lease for the same office space, with the CEO’s mother, at a rate of $2,000 per month.  There remains an unpaid balance of $6,000 at March 31, 2013.

The Company has a services agreement with Global Media Network USA, Inc. a company 100% owned by Dennis Alexander, to provide the services of Dennis Alexander to the Company at a monthly rate of $5,000. .  The Company was current at March 31, 2013.

The Company has a service agreement with Joanne M. Sylvanus, Accountant  a company owned 100% by Joanne M. Sylvanus, to provide her services to the Company at a rate of $3,000 per month. .   There was a balance due on this contract of $6,000 at March 31, 2013.