Note 8 – Commitments and Contingencies

Lease Commitment

Subsequent to the merger on February 21, 2019, the Company leases executive office space in Las Vegas, Nevada. In addition, OWP Colombia leases land in Popayan, Colombia at a rate of 8,000,000 COP per month on a renewable lease expiring on September 30, 2022. Amounts of minimum future annual commitments on a calendar year basis in US dollars, excluding common area maintenance fees, under non-cancelable operating leases are as follows:

No rent expense was incurred for the years ended December 31, 2018 and 2017.