Related Party Transactions

3 Months Ended

Sep. 30, 2016

Note 5 – Related Party Transactions

Related Parties

Related parties with whom the Company had transactions are:

Related Parties	Relationship	Related Party Transactions	Business Purpose of transactions
Management and significant stockholders
Tiffany Aguayo	President, CEO and Significant shareholder (Until July 5, 2016)	(i) Advances to the Company, (ii) Office space at no cost	(i) Working capital, (ii) Cost is nominal.

Ming-Shu Tsai	CEO, Director and Significant shareholder	Advances to the Company	Working capital

Ying-Chien Lin	Chairman and Director	Office space at approximately $1,300 per month	Office space

Advances from Related-Parties

From time to time, the stockholder of the Company advances funds to the Company for working capital purpose.

The former president, Co-CEO and significant stockholder of the Company, Tiffany Aguayo, was due $15,216 and $54,800 as of September 30, 2016 and June 30, 2016 from advances made on behalf of the Company. During the three months ended September 30, 2016, the Company borrowed additional $416 from her, and assigned $40,000 of the debt due to her to Growth Point Advisor, an unrelated third party, leaving the ending balance as of September 30, 2016 to be $15,216.

The current CEO and significant stockholder of the Company, Ming-Shu Tsai has advanced the Company $25,791 as of September 30, 2016. The note was denominated in Hong Kong dollar for 200,000.

The above advances from both Co-CEOs are unsecured, non-interest bearing and due on demand.

Office Space

Our principal place of business and corporate offices are located at 1/F No. 103 Xin Yi Road, Lu Zhou District, Xin Bei, Taiwan. The office space agreement was entered into by the Company’s Chairman for the Company at a rate of approximately $1,300 per month.

Sale of Shares and Change of Control

On July 5, 2016, Tiffany Aguayo, the majority shareholder, owning approximately 76.9% of the total issued and outstanding shares of SWTS, entered into two separate Stock Purchase Agreements for the sale of 13,000,000 and 3,000,000 shares of SWTS common stock equivalent to her complete ownership of SWTS with Ying-Chien Lin and Lynx Consulting Group Ltd (“Lynx”), respectively. Pursuant to the execution of the Stock Purchase Agreements, Mr. Lin and Lynx owned approximately 62.5% and 14.4% of the total voting rights of SWTS, respectively.

Atlas Technology International, Inc. 10-Q