8. Related Party Transactions

3 Months Ended

Jun. 30, 2013

Notes

8. Related Party Transactions

8. RELATED PARTY TRANSACTIONS

Related party transaction is not disclosed elsewhere in the consolidated financial statements are as follows:

On March 8, 2010, the Company entered an employment agreement with the newly-appointed President, James Powell. Pursuant to the terms of the agreement, the President will receive a base salary of $5,000 per month. The employment agreement will continue indefinitely subject to termination by either party without cause on 30 days’ notice.

On March 8, 2010, the Company entered an employment agreement with the newly-appointed Chairman of the Board, Tim DeHerrera. Pursuant to terms of the terms of the agreement, Mr. DeHerrera will receive a base salary of $8,000 per month with an incremental rise of $500 per quarter until an amount of $10,000 per month is achieved.

The employment agreement will continue indefinitely subject to termination by either party without cause on 30 days’ notice.

Mr. DeHerrera agreed to acquire 6,000,000 shares of the former CEO’s shares at $0.02 per share. The new CEO’s shares were be held in escrow in the form of eight certificates each representing 750,000 shares which were released between April 30, 2010 and March 5, 2012 (a minimum of twenty-one months from the first release date).

On December 2, 2011, pursuant to an employment and consulting agreement, Mr. DeHerrera was issued 12,000,000 restricted common shares.

On May 23, 2012, pursuant to an employment consulting agreement, Mr. Powell was issued 2,500,000 common shares.

During the year ending March 31, 2013, $15,000 in consulting fees was recorded for Mr. Powell increasing the amount due to $90,000.

During the three month period ending June 30, 2013, Mr., DeHerrera advanced the Company $233 to cover operating expenses and $30,000 was recorded for consulting fees.$7,500 in consulting was recorded for Mr. Powell.

The Company is indebted to its officers as follow:

	June 30, 2013	March 31, 2013
James Powell-President	$                           97,500	$                        90,000
Tim DeHerra-Chairman of the Board	158,073	127,850
Related Party Transactions Total	$                         255,573	$                      217,850

The amounts consist of unpaid salary and advances made on behalf of the Company.. The loans carry no interest, are unsecured, are due on demand and have no maturity.