SOBR Safe, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

NOTE 2. RELATED PARTY TRANSACTIONS

NOTE 2. RELATED PARTY TRANSACTIONS	9 Months Ended
Sep. 30, 2015
Notes to Financial Statements
NOTE 2. RELATED PARTY TRANSACTIONS	As of September 30, 2015 and December 31, 2014, the Company had payables due to officers, for accrued compensation and services of $385,765 and $296,265 respectively. The Company amended a note payable agreement with Lanphere Law Group, the companys largest shareholder, which forgave $108,000 of the principal balance. The original principal balance on the note was $214,334.50 and the new principal balance on the note after the debt forgiveness is $106,334.50. The Company entered into a lease agreement with Lanphere Law Group, whereas the Company is the tenant and is paying monthly rent of $4,100.

NOTE 2. RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2015

As of September 30, 2015 and December 31, 2014, the Company had payables due to officers, for accrued compensation and services of $385,765 and $296,265 respectively.

The Company amended a note payable agreement with Lanphere Law Group, the companys largest shareholder, which forgave $108,000 of the principal balance. The original principal balance on the note was $214,334.50 and the new principal balance on the note after the debt forgiveness is $106,334.50.

The Company entered into a lease agreement with Lanphere Law Group, whereas the Company is the tenant and is paying monthly rent of $4,100.

- 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.

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