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Re: asus post# 35975

Friday, 04/17/2015 12:27:41 PM

Friday, April 17, 2015 12:27:41 PM

Post# of 45244
The Q4 2014 $2.3M to Henthorn/Steciw is stock.

It hasn't actually been paid yet, as there are no available authorized shares -- but obviously, a significant increase in authorized shares is anticipated. In total, 120M shares are owed to the two of them (30M each retroactively, plus 5M/year each from 2016 through 2020) per employment agreements signed on March 1, 2015. For those doing arithmetic, that is a 40% dilution for the two principals.