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6. Commitments
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12 Months Ended |
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Dec. 31, 2011
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| Commitments and Contingencies Disclosure [Text Block] |
6. Commitments
On
April 8, 2010, the Company entered into Management Agreements
with each of four officers, the Chief Executive Officer, the
Chief Financial Officer, the President, and the Secretary and
Treasurer (collectively the “Executives”).
Pursuant to the agreements, the Company agreed to pay an
annual salary to each executive as determined by the Board of
Directors, once the Company has achieved monthly revenues in
excess of $50,000 per month for two consecutive months. In
addition, the Executives may be eligible to receive an annual
bonus determined by the Board of Directors in accordance with
any annual objectives for the Executives established by the
Company. In addition, the Company shall reimburse the
Executives for expenses incurred in connection with the
performance of his duties under the agreement.
The
Company’s principal executive office is located at
12818 Hwy # 105 West, Suite 2-G, Conroe, TX 77304. This
office is approximately 2,000 square feet for which the
Company pays rent of $1,175 per month.
The
Company has an office located at 100 Lido Circle, Suite C-1,
Lakeway, TX 78734. This office is provided to the Company by
its Chief Financial Officer, for which the Company pays rent
of $750 per month. In addition, the Company has an office
located at 238 Lakeview Circle, Montgomery, TX 77356. This
office is provided to the Company by its Secretary, for which
the Company pays rent of $750 per month
The
Company rents a facility at 5732 FM 1732, North Zulch, Texas,
77872. The facility serves as a tactical training center for
Swat Teams, Sky Marshals, agents and operatives and law
enforcement. The facility is 219 acres for which the Company
pays approximately $2,000 per month based on usage.
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