Tuesday, October 06, 2015 7:33:46 PM
Effective June 1, 2015, the Company renewed the employment agreement with our chief financial officer for an additional two year period. The agreement calls for a minimum salary of $15,000 per month plus additional cash and stock compensation. All other terms of the renewal agreement remain the same as the original agreement. The Company has not made certain cash payments due under these agreements. As of June 30, 2015, $300,835, has been accrued as compensation payable and deferred salary.
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