Blue Biofuels Inc (BIOF)

[Magmar]

Since August 2017, millions of debt conversion

In December 2017, EK Laboratories rented office and warehouse space from Royal Palm Dev I, LLC, a company owned by Joe Walsh who is a greater than 10% shareholder of the Company.

.

The Company’s compensation philosophy is based on its belief that its compensation programs should be aligned with stockholders’ interests and business objectives; reward performance; and be externally competitive and internally equitable. The Company seeks to achieve three objectives, which serve as guidelines in making compensation decisions:



1. Providing a total compensation package which is competitive and therefore enables it to attract and retain, high-caliber executive personnel;

2. Integrating compensation programs with its short-term and long-term strategic plan and business objectives; and

3. Encouraging achievement of business objectives and enhancement of stockholder value by providing executive management long-term incentive through equity ownership.