Commitments

6 Months Ended

Nov. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

8.	Commitments

(a)

On July 15, 2019, the Company entered into an IR agreement with a related company, Northwest Smart Technology AG. The Company agreed to pay Northwest Smart Technology AG 1,000 common shares per month, payable at the end of each quarter, subject to approval at the annual general Shareholder’s Meeting of the Company. The agreement provides for travel expenses but no remuneration other than the 6.5% commission on funds raised.

(b)

On July 22, 2019, the Company entered into an IR agreement with SS Finansal, an unrelated company. The Company agreed to pay 1,000 common shares per month, payable at the end of each quarter, subject to approval at the annual general Shareholder’s Meeting of the Company. The agreement provides for travel expenses but no remuneration other than the 6.5% commission on funds raised.

(c)

The Company entered into an operations agreement with Mystic for a period of 6 months for the operations of the wells located at Kentucky as disclosed in Note 4. The agreement will automatically renew for a period of one year if no notice is provided thirty days prior to the end of the six-month period. The Company agreed to pay $2,500 per month for each state where assets are to be overseen, an additional $1,000 per state shall be added for additional work in other states, a pumping fee of $75 per well per month, and all out-of-pocket expenses incurred by Mystic.

NORTHWEST OIL & GAS TRADING COMPANY, INC. 10-Q