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COMMITMENTS
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a) Consulting agreements:
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The directors of the Company executed consulting agreement with the Company on the following terms: Agreement with a director to pay compensation for $5,000
per month. The agreement expires August 30, 2012.
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Agreement with a director to pay compensation for $7,000
per month. The agreement expires December 31, 2012.
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Agreement with the Chief Executive Officer to pay compensation for $12,000
per month plus a car allowance for $600
per month. The agreement expires December 31, 2016. The monthly remuneration will increase with accomplishment of milestones.
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Effective December 1, 2011, SDI executed an agreement with a corporation in which the Chief Operating Officer has an interest in, for a period of ten months which expires September 30, 2012 for services rendered. The total consulting fees is estimated at $200,000
for the ten month period. The corporation may also accept common shares at $0.25
per common share in lieu of cash.
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b) The Company has commitments for leasing office premises in Oakville, Ontario, Canada to September 30, 2012 at a monthly rent (excluding proportionate realty and maintenance costs and taxes) of Canadian $2,500 per month.
c) The Company has issued a purchase order to an outside supplier for acquisition of injection moulds for their BIP40 ammunition round for a total consideration of $123,675. The Company has advanced full payment as of May 31, 2012 which is classified as prepaid expenses (see note 11)
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