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Posts | 45331 |
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Alias Born | 05/11/2008 |
Friday, October 06, 2017 4:10:10 AM
did they have any problems with mr. Trombino?
As previously disclosed in a Current Report on Form 8-K filed on August 25, 2017, the Company terminated without cause its Contractor Agreement with Mr. Joey Trombino and the Amendment 1 to the Contractor Agreement with an effective date of August 31, 2017 (the “ Effective Date ”). On September 29, 2017, the Company entered into a Termination Agreement (the “ Agreement ”) with Mr. Trombino. The Company shall pay Mr. Trombino $26,000 on the execution of this Agreement and $26,000 on November 1, 2017. If the Company defaults on the November 1, 2017 payment, the Company will be assessed a $20,000 penalty due immediately. Pursuant to the Agreement, Mr. Trombino waived any claims that he may have against the Company.
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