Sierra Resource Group Inc. (fka SIRG)

[Warmy]

That is not what the filings say. He gets paid whether the mine opens or not. Plus, he did not buy millions of dollars worth of stock but instead was issued millions of shares of stock.

http://quotemedia.10kwizard.com/download.php?ipage=8329330&action=PDF&src=quotemedia&msrc=68a2dcc319463f7fa6367eee2437b37d

Effective January 1, 2012 the Company agreed to an Employment agreement with J. Rod Martin the Company’s CEO. The agreement
provides for an annual salary of $150,000 until the Company begins production at the Chloride Copper Mine at which time the rate
shall increase to $250,000 per year. The agreement also includes a bonus to be determined in good faith by the Board of Directors at
the end of each fiscal year with a target of $350,000 adjusted in accordance with performance. Included in the agreement, Mr. Martin
shall also receive a stock bonus representing up to an additional 40 million option shares exercisable at $0.05 per share earned in the
following manner; 25% upon opening the Chloride copper plant, 25% when the company begins production at the Chloride Copper
Plant, 25% upon the Company’s generation of a cumulative $5 million in revenue, and 25% upon the Company’s generation of a
cumulative $10 million in revenue. At the time of the execution of this agreement, the bonus stock option price significantly exceeded
the current market price thus they currently hold no value. The employment agreement also calls for a standard benefits package.

On November 17, 2011, the Board of Directors through unanimous written consent, voted that upon completion and ratification of the
plan the Company will also grant stock options to J. Rod Martin, CEO. Mr. Martin will be granted an aggregate amount of
20,000,000 options exercisable at $0.05 per share in the following manner. 5,000,000 options vest six months after the date of the
consent, 5,000,000 vest six months after the company’s receipt of long term financing in excess of $1,000,000 and 10,000,000 options
vest six months after the Chloride Copper Mine begins operations. As of December 31, 2011 the option plan were not ratified and the
grants were not effective until the option plan was approved and effective. All options approved on November 17, 2011 are to be
included in a pending qualified stock option Which is expected to be effective in May 2012.

Effective March 10, 2011, the Company entered into a two month independent consulting agreement with J. Rod Martin, its current
CEO, in consideration for 200,000 shares of restricted Common Stock. The terms of the agreement were satisfied; however as of this
filing the Company has not issued these shares. Effective May 11, 2011, the Company entered into a four month independent
consulting agreement with J. Rod Martin, its current CEO, in consideration for 2,000,000 shares of restricted Common Stock. The
terms of the agreement were satisfied; however as of this filing the Company has not issued these shares. The Company recorded a
consulting expense on the date agreements were issued.

Furthermore, the
board of directors approved issuance of 500,000 shares of Series A Preferred Stock each to Timothy Benjamin, Chairman, and J. Rod
Martin, CEO. The Board of Directors deemed it necessary and in the best interests of this corporation to create this series of preferred
stock in order to compensate the company’s chairman and chief executive officer,

And this is how many he has...

J. Rod Martin-CEO and Director (3) 10,587,467 3.1%

((3) Includes 5,057,467 shares which are earned, but have not been issued. These shares are disclosed in this 10-K under Item
12: Shares Subscribed, Not Issued. Had the 5,057,467 share been issued to Mr. Martin then his percent of all common
stock outstanding would be 3.5%.)

If that is the total that he has, there is no way he could have bought 10Mil since he was issued the majority of the amount above.