Wow, for a company that lost 1.2 million just last quarter, these expenses are idiotic.
$600 a month for a car? wtf
Under the consulting agreement, The Roberts Group, LLC will receive a consulting fee of $110,000 per year, plus an ongoing 5% commission on Company sales to Connected Coffee Trading Co. for distribution to China, and will also be eligible for a discretionary annual cash bonus against a 15% bonus target. The Roberts Group, LLC will also receive an office rent allowance of $900 per month and an automobile allowance of $600 per month. Roberts received 7,347,406 Common Stock nonqualified stock options under the Company's new 2017 Equity Incentive Plan, at an exercise price of $0.042 per share. In addition, in lieu of $27,300 of the cash bonuses owed for services through September 30, 2017, Roberts received 19.29 Series B Preferred Stock nonqualified stock options under the Company's new 2017 Series B Equity Incentive Plan, at an exercise price of $1,415.4661 per share.
Under the employment agreement, Redfield will receive a salary of $210,000 per year, increasing to $250,000 per year effective October 24, 2018 (but subject to prospective rollback effective January 1, 2019 if the Company achieves less than $7,000,000 in net sales in 2018), and will also be eligible for a discretionary annual cash bonus against a 15% bonus target. Redfield will also receive an automobile allowance of $650 per month. Redfield received 18,368,516 Common Stock nonqualified stock options under the Company's new 2017 Equity Incentive Plan, at an exercise price of $0.042 per share. In addition, in lieu of $94,988 of the cash bonuses owed for services through September 30, 2017, Redfield received 67.11 Series B Preferred Stock nonqualified stock options under the Company's new 2017 Series B Equity Incentive Plan, at an exercise price of $1,415.4661 per share.
