Commitments And Contingencies

3 Months Ended

Mar. 31, 2015

Commitments And Contingencies

Commitments and Contingencies

NOTE 11 – COMMITMENTS AND CONTINGENCIES

Compensation to Directors – The Company’s two directors are entitled to a director’s fee of $1,000 per month, per director.

Other Commitments – The Company has a consulting agreement with a third party whereby the consultant provides consulting services for a fee of $12,000 per month. In addition, the Company has an agreement with a third party investor relations firm whereby the firm provides investor relations services to the Company for a fee of $6,000 per month.