RELATED PARTY TRANSACTIONS

3 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Note C - RELATED PARTY TRANSACTIONS

Common Shares Issued to Executive and Non-Executive Officers and Directors

As of September 30, 2016 total 6,588,010 shares were issued to officers and directors. Please see the Table below for details:

Name	Title	Share QTY		Date	% of Common Share
Jian Li	CEO & President		6,388,010	2/6/2013 & 11/27/2013		80.21	%
Tzongshyan Sheu	VP & Secretary		200,000	11/27/2013		2.51	%
Total			6,588,010			82.72	%

*The percentage of common shares was based on the total outstanding shares of 7,964,090 as of September 30, 2016.

Loans to Officer/Shareholder

From the period of April 1 2012 to February 28, 2013, the company’s formerly officer, Keming Li, loaned $ 25,787 to First America Resources formerly known as Golden Oasis New Energy Group Inc without interest without written agreement. The payment term is on demand.

On February 6, 2013, Mr. Keming Li sold his shares to Mr. Jian Li, and Mr. Jian Li became the loan holder for all the prior loans advanced by formerly officer Mr. Keming Li. As of March 31, 2013, the total loans from shareholder or officer was $25,787.

For the period of April 1, 2013 to June 30, 2015, the officer and shareholder Jian Li additionally loaned $ 36,300 to the Company for continually operating of the business.

For the period of July 1, 2015 to June 30, 2016, the officer and shareholder Jian Li additionally loaned $ 36,000 to the Company for continually operating of the business.

For the period of July 1, 2016 to September 30, 2016, the officer and shareholder Jian Li additionally loaned $ 4,000 to the Company for continually operating of the business.

Therefore, there’s total of $ 102,087 outstanding loan from officer and director, Jian Li as of September 30, 2016.