North America Frac Sand Inc (NAFS)

[Investors3]

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NOTE 6. RELATED PARTY TRANSACTIONS

EMPLOYMENT and BOARD OF DIRECTOR AGREEMENTS

The Company has employment and board of director agreements with its key employees, the controlling shareholders, who are its officers and directors of the Company.

• HRC Holdings Corp.
On March 17th, 2023 HRC Holdings Corp., executed stock purchase agreements with Mr. Franjose Yglesias where HRC acquired 100% control of North America Frac Sand, Inc. A board resolution was approved naming Mr. Gabriel Martinez as the Chairman and Chief Executive Officer. The Company approved annual compensation for Mr. Martinez of Three Hundred Thousand dollars, ($300,000) equally distributed for his services as Chief Executive Officer and his board of directors’ membership.

• Mrs. Franjose Yglesias
On March 17th, 2023, Mrs. Yglesias submitted his resignation as the CEO and Chairman of the Board.