NOTE 9 - COMMITMENTS AND CONTINGENCIES Lease Commitments The Company as lessee The Company's rental expense was $32,635 and $38,165 for the three months ended September 30, 2020 and 2019, respectively; and was $98,062 and $105,045 for the nine months ended September 30, 2020 and 2019, respectively. On October 1, 2019, the Company entered into a lease for office space in Hong Kong for the period of one year, at HKD55,000 (approximately $7,051) per month. On October 1, 2020, the lease was renewed for the period of one year, at HKD55,000 (approximately $7,051) per month. The Company has entered into a lease for office space located in Din Daeng Sub-district, din Daeng District, Bangkok, Thailand for the period from February 21, 2017 to February 20, 2020, at THB127,120 ($4,027) per month. The Company early terminated the lease effective in July 2019. On August 1, 2019 and OBON Thailand entered into a rental agreement with Mr. Thanawat Wongnapachant, brother of the Companys CEO, to lease an office space from Mr Thanawat Wongnapachant for a period of twelve months at THB50,000 ($1,584) per month. On August 1, 2020, the rental agreement was renewed for a period of twelve months at THB50,000 ($1,584) per month. On November 1, 2019, OBON Thailand entered into an additional rental agreement with Mr. Thanawat Wongnapachant, brother of the Companys CEO, to lease an office space property from Mr. Thanawat Wongnapachant for a period of twelve months at THB70,000 ($2,217) per month. For the three and nine months ended September 30, 2020, the Company paid rental amounts of $11,480 and $34,254, respectively, to Mr. Thanawat Wongnapachant that are included in General and administrative expenses. As of September 30, 2020, all the outstanding leases are short-term leases. The total minimum future lease payments are $18,055 payable in the twelve months ending September 30, 2021. Capital Commitments As of September 30, 2020, the Company had the following contracted capital commitments: September 30, 2020 For purchases of equipment, payable in the twelve months ending September 30, 2021 $ 1,042,320 Employment Agreement On October 1, 2019, Enigma BVI entered into a three-year employment agreement with Hok Fung Wai, the president of the Company, to serve as Enigma BVIs general manager from October 1, 2019 to October 1, 2022. Enigma BVI may, in its absolute discretion, terminate the employment agreement, with one month notice or for cause. The agreement provides Mr. Wai a monthly salary of HK$45,000 (approximately $5,769). During the three and nine months ended September 30, 2020, salaries paid to Mr. Wai totaled $17,308 and $57,693.