COMMITMENTS AND CONTINGENCIES |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| COMMITMENTS AND CONTINGENCIES | |
| COMMITMENTS AND CONTINGENCIES | NOTE 3 – COMMITMENTS AND CONTINGENCIES
Employment Agreement
Pursuant to Mr. Simpson’s Employment Agreement (“the Agreement”) effective January 1, 2025 Mr. Simpson is paid a salary of $9,500 per month until June 30, 2025. Effective July 1, 2025 Mr. Simpson will be paid a salary of $10,833 per month.
Pursuant to the Agreement, should Mr. Simpson’s employment be terminated without cause, the Company is obligated to pay Mr. Simpson all amounts from the contract immediately for the remaining term of 66 months. As of June 30, 2025, the potential liability to EQUATOR Beverage Company was $714,978. At December 30, 2024, the potential liability to EQUATOR Beverage Company was $570,000. |