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Re: raggystrongman post# 21835

Wednesday, 09/23/2015 10:31:56 PM

Wednesday, September 23, 2015 10:31:56 PM

Post# of 23104
From IDLM's 10-12g:

On August 14, 2012, we entered into an employment agreement with our CEO, Marcus Frasier. The employment agreement is on-going and automatically renews every three years. As consideration the Company will pay an annual base salary of $390,000 and issue a total of 6,000,000 stock options in 2,000,000 blocks over the next three years. The exercise price for the options shall be $0.50 per share for the first 2,000,000 options issued, $1.00 per share for the second 2,000,000 options issued, and $2.00 per share for the final 2,000,000 options issued.



So all of these are now vested. I don't see anything about expiration dates -- and it is not very common for executive options to have near-term expiration dates, so I wouldn't have expected that.

I am obviously NOT an investment advisor.