NOTE 9 – COMMITMENTS

The Company has entered into employment agreements on June 15, 2015 (effective for the 2016 fiscal year), with its key executives for a period of five years. The expected base salary for these key executives is $500,000, annually. There are opportunities for the executives to earn bonus pay and equity pay when approved by the Board of Directors. There is no bonus or equity pay accrued for in the six months ended December 31, 2015 as there has been no approval for this at this time.

The Company has complied with the terms of its license agreements to date and has no financial commitments.