RELATED PARTY TRANSACTIONS

6 Months Ended

Sep. 30, 2017

Notes to Financial Statements

NOTE 5 - RELATED PARTY TRANSACTIONS

As of March 31, 2017, the Company owed $19,287 to shareholders for general and administrative expenses paid on behalf of the Company by the shareholders. During the six months ended September 30, 2017, the shareholders advanced an additional $22,539. During the six months ended September 30, 2017, the Company repaid $26,733 of the amounts owed to these shareholders. As such, outstanding balance owed to these shareholders as of September 30, 2017 was $15,093. Balances of the amounts owed to these shareholders at September 30, 2017 and March 31, 2017 were included in the balance of accrued expenses in the accompanying condensed consolidated balance sheet. All amounts owed are payable on demand and are unsecured.

In view of the Company’s limited operations and resources, none of the Company’s directors and/or officers received any compensation from the Company during the six months ended September 30, 2017.

Upon issuance of the initial shares of common stock of the Company to Damian Marley, the Company obtained an exclusive, perpetual, royalty-free license from Damian Marley with respect to his name, likeness, image and voice for use in our businesses. The Company also obtained the right to intellectual property, including trademark, trade dress, images, likenesses and other associated intellectual property, such as the name “Stony Hill” related to Damian Marley.