SOBR Safe, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

NOTE 2. RELATED PARTY TRANSACTIONS

NOTE 2. RELATED PARTY TRANSACTIONS	12 Months Ended
Dec. 31, 2012
Notes to Financial Statements
NOTE 2. RELATED PARTY TRANSACTIONS	At year end 2011 and 2012, the Company had payables due to officers, shareholders and former management for accrued compensation and services of $288,448 and $351,310 respectively. During the year ended December 31, 2011 related party shareholders converted $829,164 in note principal and interest and $135,000 in compensation into 2,408,977 common shares.

NOTE 2. RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2012

At year end 2011 and 2012, the Company had payables due to officers, shareholders and former management for accrued compensation and services of $288,448 and $351,310 respectively.

During the year ended December 31, 2011 related party shareholders converted $829,164 in note principal and interest and $135,000 in compensation into 2,408,977 common shares.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

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+ Details