Related Party Transactions

12 Months Ended

Dec. 31, 2014

Note 4 - Related Party Transactions

Employment Agreement

Pursuant to an employment agreement between the Company and Hsin-Lung Lin dated September 1, 2012, Hsin-Lung earns a salary of NTD32,000 (approximately $1,101) per month to serve as Chief Financial Officer of the Company. Either party may terminate the agreement with at least 30 days prior notice. On September 15, 2014, the Board appointed Mei-Chun Lin to serve as new Chief Financial Officer of the Company. Hsin-Lung Lin will continue to serve as a member of the Company’s Board of Directors. As of December 31, 2014, the Company had accrued expense of $1,101 for Hsin-Lung’s salary.

Short-term debt

In 2013, the Company issued a promissory note to a shareholder for $149,500. The promissory note is interest free and has no maturity date. As of December 31, 2014 and 2013, the entire balance was outstanding.

In 2014, the Company borrowed NTD300,000 (approximately $9,438) from Taiwan Life Inc., a Taiwanese company owned by Chief Executive Officer. The debt is interest free and has no maturity date.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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