Kraig Biocraft Laboratories Inc (KBLB)

[jimmybuffett2]

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On August 3, 2009, the Company entered into an agreement with a consultant to provide investor relations services. On October 5, 2009 the
Company issued 10,000,000 shares with a fair value of $200,000 ($0.02/share) to a consultant for investor relations to be provided over a term
of 180 days. The Company started receiving services beginning October 5, 2009. As of June 30, 2010 $200,000 was recorded as an (See Notes
3 and 5(D)). ----

NOTE(D)Consulting Agreement
On August 3, 2009, the Company entered into an agreement with a consultant to provide investor relations services. On October 5, 2009 the
Company issued 10,000,000 shares with a fair value of $200,000 ($0.02/share) to a consultant for investor relations to be provided over a term
of 180 days. The Company started receiving services beginning October 5, 2009. As of September 30, 2010 $200,000 was recorded as a
consulting expense (See Notes 3 and 4(C)).


On July 29, 2010, the Company issued a warrant for 20,000,000 common shares in connection to a consulting agreement. The warrant was
value at $200,000, the fair value of the services to be provided pursuant to the agreement. The warrant has a term of 2 years.