On January 29, 2013, the Company issued 5,000,000 common shares with a fair market value of $250,000 to Chad S. Johnson,
Esq. due under a January 1, 2013 bonus agreement.
On February 8, 2013, the Company entered into an Asset Purchase Agreement with X-Change Corporation to sell its interest
and rights in the joint-venture operating agreement entered into with Maliseet Nation at Tobique (“Maliseet”) on September
10, 2012 in exchange for 2,500,000 shares of common stock in X-Change Corp. (OTCQB: XCHC) with a fair market value of
$290,000. As a material inducement for the JV partners to waive their pre-emptive purchase rights, the Company issued
500,000 shares of common stock with a fair market value of $58,000 to Maliseet and 1,000,000 shares of common stock with a
fair market value of $116,000 to George Kattar. The 1,500,000 common shares due to the JV partners are pending issuance as
of April 12, 2013.EDGAR Stream is a copyright of Issuer Direct Corporation, all rights reserved.
On February 28, 2013, the Company issued 13,500,000 common shares for settlement of $13,500 of stockholder debt, for a losson settlement of $1,092,150, assigned from the stockholder notes payable originating on July 1, 2011 and July 11, 2011.
On March 27, 2013, the Company issued 500,000 common shares with a fair market value of $38,750 to a scientific advisor
pursuant to a February 26, 2013 agreement
AI
