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NOTE 6 - SUBSEQUENT EVENTS
On September 27, 2013, we established an advisory board to provide strategic advisory services in connection with our business, marketing and other activities. We appointed three members to our advisory board and agreed to issue each advisory board member 5,000,000 shares of common stock as a stock award ( “ Stock Award ” ) under our 2012 Stock Incentive Plan#2. Each Stock Award was registered pursuant to our Registration Statement on Form S-8 filed on or about August 28, 2012 and will be subject to a six-month lock up from the date of issuance. As of the date of this report, we have issued 5,000,000 shares valued at $200,000 to one of our advisory board members, who is also a brother of our president. We expect to issue 10,000,000 shares to our other advisory board members in the next few weeks upon their return of the requisite documentation. On October 3, 2013, we approved the issuance of 1,000,000 shares of common stock for legal services pursuant to the Plan. On October 9, 2013, we issued 10,000,000 shares of
common stock valued at $400,000 to a consultant in consideration of services previously rendered to us. These shares were (i) issued as a Stock Award under our 2012 Stock Incentive Plan #2; (ii) registered pursuant to our Registration Statement on Form S-8 filed on or about August 28, 2012 and (iii) subject to a six-month lock up from the date of issuance.
