3. Commitments

6 Months Ended

Mar. 31, 2015

Operating Lease

The Company leases an office space from a company that is owned by the Chairman of the Company and his immediate family members who are also Directors of the Company. The office lease has a monthly rental rate of $300 and will expire on May 15, 2015.

Rent expense under the operating lease was $900 and $900 for the three months ended March 31, 2015 and 2014, respectively. Rent expense under the operating lease was $1,800 and $1,800 for the six months ended March 31, 2015 and 2014, respectively. Future minimum payments under the operating lease are as follows:

Year Ending September 30,	Amount

2015	$	450
Total	$	450

Telephone Agreement

The Company entered into a telephone service agreement with a company that is owned by the CFO of the Company on May 15, 2011 and expires on December 31, 2015 at a monthly rate of $200.

Telephone expense under the service agreement was $600 and $600 for the three months ended March 31, 2015 and 2014, respectively. Telephone expense under the service agreement was $1,200 and $1,200 for the six months ended March 31, 2015 and 2014, respectively. Future minimum payments under the service agreement are as follows:

Year Ending September 30,	Amount

2015	$	1,200
2016		600
Total	$	1,800

Consulting Agreements

During the year ended September 30, 2011, the Company entered into a consulting agreement with one of its directors to assist with the S-1 registration statement filing with the SEC and the listing on FINRA’s Over-the-Counter Bulletin Board for a flat fee of $15,000, of which $2,000 was paid upon entry into the agreement, $4,000 was paid at the time our registration statement on Form S-1 was filed and the remaining balance of $9,000 was paid in November 2014, upon the registration statement was declared effective by the U.S. Securities and Exchange Commission.

During the year ended September 30, 2011, the Company entered into another consulting agreement with an entity that is majority-owned by a shareholder of the Company to also assist with the S-1 registration statement filing with the SEC and the listing on FINRA’s Over-the-Counter Bulletin Board for a flat fee of $20,000, of which $3,000 was paid upon entry into the agreement, $6,000 was paid at the time that our registration statement on Form S-1 was filed and the remaining balance of $11,000 was paid in November 2014, upon the registration statement was declared effective by the U.S. Securities and Exchange Commission.

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

+ References+ Details

LF George Holdings, Inc. 10-Q