Consolidated Financial Statements

Ontex Resources Limited

December 31, 2008 and 2007

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

10. RELATED PARTY TRANSACTIONS

----- `` Ontex Resources has an ongoing commitment in the amount of $175,000 per year,

escalating by ten percent annually under an agreement expiring December 31, 2018, to compensate an executive officer for management services. ``

Total Compensation to an executive officer after 10 years: $2,789,049