RELATED PARTY TRANSACTIONS | NOTE 6 – RELATED PARTY TRANSACTIONS On August 1, 2019, the Company entered into and executed initial employment agreements with Richard Carey, John Baird and Anthony Anish. Each initial employment agreement provided that the initial term of the employment agreement has the term of 36 months starting from August 1, 2019 and continues until July 31, 2022. Thereafter, such employment agreement may be renewed upon mutual agreement of the parties. The employment agreement also may be terminated by each party upon 30 days’ notice to the other party, provided that in the event the Executive breaches his material obligations to the Company, the Company may terminate the executive employment immediately. Each executive agreement included the compensation for the executive, including the base and incentive salary. The executive employment agreement with Mr. Carey stated that his annual base salary is $ 120,000 60,000 On January 1, 2021, the Company amended the employment agreements with Mr. Carey and Mr. Anish, which increased the base annual salaries for Richard Carey from $ 120,000 180,000 60,000 120,000 On March 14, 2023, the Company renewed the employment agreements with Mr. Carey and Mr. Anish (the “New Employment Agreements”), stating that the effective date of the New Employment Agreement is August 1, 2022 and that they have the term of 36 months, the same as the terms of the initial employment agreements. Except for the compensation provisions, the New Employment Agreements contain the same provisions as the initial employment agreement for each executive. Under the terms of the New Employment Agreement, Mr. Carey is entitled to receive the following compensation: · For the period from August 1, 2022 to December 31, 2022, Mr. Carey received the base salary equal to $180,000; · For the period from January 1, 2023 to July 31, 2024, Mr. Carey will receive the base salary equal to $240,000; and · For the period from August 1, 2024 to July 31, 2025, Mr. Carey will receive the base salary equal to $270,000. In addition, Mr. Carey is entitled to receive an equity compensation, as to be determined by the Board of Directors of the Company. Under the terms of the New Employment Agreement, Mr. Anish is entitled to receive s the following compensation: · For the period from August 1, 2022 to December 31, 2022, Mr. Anish received the base salary equal to $120,000; · For the period from January 1, 2023 to July 31, 2024, Mr. Anish will receive the base salary equal to $180,000; and · For the period from August 1, 2024 to July 31, 2025, Mr. Anish will receive the base salary equal to $210,000. In addition, Mr. Anish is entitled to receive an equity compensation, as to be determined by the Board of Directors of the Company. As of the date of this Annual Report, Mr. Anish received an aggregate of 5,000,000 Mr. Carey is using his personal office space at no cost to the Company. On January 10, 2022, the Company issued 1,000,000 1.40 1,400,000 On January 24, 2022, the Board of Directors appointed Mr. Weverson Correia as the Chief Executive Officer and Director of the Company. Mr. Correia was issued 500,000 1.55 772,500 On June 3, 2022, the Company issued 2,500,000 0.22 550,000 On August 15, 2022, the Company issued 5,000,000 0.289 1,445,000 On August 15, 2022, the Company issued 5,000,000 0.289 1,445,000 On August 15, 2022, the Company issued 5,000,000 0.289 1,445,000 On August 15, 2022, the Company issued 5,000,000 0.289 1,445,000 On November 17, 2022, Mr. Carey agreed to give 4 million of his own shares of common stock in exchange for $ 42,000 On December 5, 2022, the Company issued 1,000,000 0.165 165,000 As of June 30, 2023, the Company owed Ms. Caldwell $ 2,500 |