Greenshift Corporation (GERS)

[Dutch1]

BTZO 10Q 7/7/2016

NOTE 13 RELATED PARTY TRANSACTIONS

"As a result of all of the foregoing transactions, since December 31, 2015, FCC has been the beneficial owner of 80% of Bitzio’s equity, and Bitzio has been the beneficial owner of 80% of GreenShift’s equity."

"FLUX Carbon Corporation (“FCC”) is the beneficial owner of an 80% equity interest in Bitzio, and of the majority of the stock of the companies which own PCC and FCMF. FCC is owned by Kevin Kreisler, our chairman and chief executive officer. "

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