Saturday, April 19, 2014 5:41:39 AM
"My Initial Employment Agreement is for a term of 6 months, with an option for one year additional terms thereafter. During this initial 6 month term, MY COMPLETE AND TOTAL SALARY will be $1 (ONE DOLLAR). CORRECT, THAT'S ONE DOLLAR -- PERIOD! Additionally, I will be granted an option to purchase common stock at an exercise price of $.001, which is 10 TIMES higher than the price the common stock was trading at when I took this office. That option is NOT exercisable until AFTER June 15th, 2014, which is the END of the initial 6 month term. Furthermore, if the Board does NOT extend my Employment Agreement for another year, I WILL VOLUNTARILY FORFEIT that option for stock and take ONLY the $1 (ONE DOLLAR) as MY COMPLETE AND TOTAL SALARY for the 6 month term I completed."
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