ACCOUNTS PAYABLE - RELATED PARTIES

3 Months Ended

Mar. 31, 2017

NOTE 5. ACCOUNTS PAYABLE – RELATED PARTIES

Accounts payable – related parties at March 31, 2017 and December 31, 2016 consists of:

	March 31, 2017		December 31, 2016

Harpreet Sangha, chief executive office of the Company from September 19, 2009 to September 1, 2013 and director of the Company from September 19, 2009 to May 4, 2014	$	51,993	$	51,645

Herminder Rai, chief financial officer of the Company from April 12, 2012 to September 21, 2013 and director of the Company from May 8, 2012 to March 11, 2014		57,922		57,482

Sam Sangha, brother of Harpreet Sangha		116,865		115,951

Rene Hamouth, chief executive officer of the Company from September 1, 2013 to July 17, 2014, director of the Company from September 1, 2013, and Chairman of the board of directors of the Company from July 17, 2014		23,568		12,956

Craig Alford, director of the Company from October 14, 2011 to September 1, 2013		236,458		234,609
Total	$	486,806	$	472,643

At March 31, 2017, $454,674 of the total $486,806 accounts payable – related parties is denominated in Canadian Dollars. These accounts payable were translated to United States Dollars using the March 31, 2017 exchange rate of $0.75069.

At December 31, 2016, $451,118 of the total $472,643 accounts payable – related parties is denominated in Canadian Dollars. These accounts payable were translated to United States Dollars using the December 31, 2016 exchange rate of $0.74482.

The above accounts payable represent amounts primarily recorded in the records of Evergreen-Agra, Inc. (formerly Sharprock Resources, Inc.) prior to the reverse acquisition of Evergreen Systems on November 19, 2013. Current management of the Company disputes these recorded liabilities.

Evergreen-Agra, Inc. 10-Q