Note 7 - Share-based Compensation

9 Months Ended

Sep. 30, 2016

Notes

Note 7 - Share-based Compensation

NOTE 7 – SHARE-BASED COMPENSATION

On September 30, 2015, NABUFIT Global issued 30,000 shares of its common stock to two outside directors: Soren Jonassen and Ole Sigetty for their services through June 30, 2016. The shares issued were valued at $4.00 per share for a total of $240,000, which was the market price of the stock on the issuance date. Share-based compensation of $120,000 was recognized for the nine-months ended September 30, 2016 pursuant to this agreement.

On July 1, 2016, the Company entered into a management agreement with Brian Mertz.  Pursuant to the agreement, the Company agreed to issue 250,002 shares of common stock as partial compensation for the six-month period ending December 31, 2016. The Company issued 125,001 shares and recognized share-based compensation of $115,001 for the quarter ended September 30, 2016.

On August 24, 2016, the Board of Directors approved share-based compensation for the twelve month period ending June 30, 2017 for the directors, chairman and secretary and also approved payments for services to Soren Jonassen and Ole Sigetty.  For the twelve month period, the directors receive 21,739 shares ($20,000), the chairman receives 32,608 shares ($30,000), and the secretary receives 8,152 shares ($7,500).  In addition, the Board approved payments for services to Soren Jonassen and Ole Signetty for the twelve month period ending June 30, 2017 of 31,000 shares ($28,520) and 64,130 shares ($59,000), respectively.  These shares have not been issued as of the date of this report, but the Company has accrued the portion of the expense that has been earned.  For the most recent quarter, the total share-based compensation recognized pursuant to these agreements was $51,255.

Total share-based compensation of $286,256 was recorded for the nine months ended September 30, 2016.