Related Party Transactions with Initial Shareholder Group

12 Months Ended

Sep. 30, 2015

Notes to Financial Statements

Note 5 - Related Party Transactions with Initial Shareholder Group

Consulting fees payable to officers and shareholder

During the years ended September 30, 2015 and 2014, the Company incurred $46,500 and $129,506 of consulting fees which are payable to two officers and to one shareholder of the Company. Consulting fees payable to these officers and shareholder at September 30, 2015 and 2014 were $176,006 and $129,506, respectively.

Payable to shareholder

During the years ended September 30, 2015 and 2014, a shareholder paid professional fees incurred by Company which totaled $49,110 and $25,000, respectively. Payable to shareholder totaled $74,110 and $25,000 at September 30, 2015 and 2014, respectively.

Short-term loan payable to officer

During the year ended September 30, 2015, an officer advanced the Company $25,901.