NOTE 15 – RELATED PARTY TRANSACTIONS

On January 20, 2022, the Board Members received cash bonuses of $50,000 each, or a total of $100,000.

On January 26, 2022, the Board of Directors approved a salary increase raising the Chief Executive Officer’s salary to $310,000 per year.

On February 22, 2022, a Board member and his son each purchased a 4% Secured Note Payable for $100,000.

On April 1, 2022, the Chief Executive Officer was paid a bonus of $50,000.

On April 7, 2022, the Chief Financial Officer was paid a bonus of $75,000.

On September 1, 2022 the Board passed a Resolution for Successful Corporate Actions Awards equity bonus program whereby the completion of any one of the following actions result in the awarding of common stock to certain executives and members of the board of directors: commercial distribution agreement for Rego’s Digital Wallet and/or Mazoola Pay Kid Button; a branding event with Mastercard or Visa; or the adoption of the Company’s COPPA compliant wallet by a bank with assets greater than $4 billion. The prospective awarding of shares would be as follows: Chairman: 1,000,000 shares; Chief Executive Officer: 1,000,000 shares; Chief Technology Officer: 200,000 shares; and Chief Financial Officer: 50,000 shares. The distribution of the shares will not occur until the date the Company is sold. As of September 30, 2022 none of the aforementioned actions were completed and thus no common stock awards were granted.

On September 22, 2022 the following bonus issuances of common shares were earned pursuant to the Successful Corporate Actions Awards equity bonus program (Engagement of an Investment Banker or the sale of the Company): Chairman: 1,000,000 shares; Chief Executive Officer: 1,500,000 shares; Chief Technology Officer: 200,000 shares; and Chief Financial Officer: 150,000 shares. The distribution of the shares will not occur until the date the Company is sold.