At least, someone will be making money here.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(c) On May 17, 2015, Fen Xing entered into an Employment Agreement with the Company, effective as of January 8, 2015. Pursuant to the Employment Agreement, Ms. Xing will serve as Chief Executive Officer, Secretary, Treasurer and member of the Board of Directors for an employment term through December 31, 2017. Ms. Xing is entitled to an annual base salary of $120,000 and an initial bonus of 250,000 restricted shares of the Company’s common stock. The Company may pay Ms. Xing in stock in lieu of cash at her discretion. If she chooses to accept stock, the conversion rate will be based on 50% discount to the last five trading day average closing bid price on the date of conversion and the shares will be restricted shares of the Company’s Common Stock.
On May 17, 2015, Jian Zhang entered into an Employment Agreement with the Company, effective as of January 8, 2015. Pursuant to the Employment Agreement, Mr. Zhang will serve as Chief Operating Officer and member of the Board of Directors for an employment term through December 31, 2017. Mr. Zhang is entitled to an annual base salary of $120,000 and an initial bonus of 250,000 restricted shares of the Company’s common stock. The Company may pay Mr. Zhnag in stock in lieu of cash at his discretion. If he chooses to accept stock, the conversion rate will be based on 50% discount to the last five trading day average closing bid price on the date of conversion and the shares will be restricted shares of the Company’s Common Stock.
On May 18, 2015, Yan Zhang entered into an Employment Agreement with the Company, effective as of January 8, 2015. Pursuant to the Employment Agreement, Mr. Zhang will serve as Director or Public Relations and member of the Board of Directors for an employment term through December 31, 2017. Mr. Zhang is entitled to an annual base salary of $96,000 and an initial bonus of 150,000 restricted shares of the Company’s common stock. The Company may pay Mr. Zhnag in stock in lieu of cash at his discretion. If he chooses to accept stock, the conversion rate will be based on 50% discount to the last five trading day average closing bid price on the date of conversion and the shares will be restricted shares of the Company’s Common Stock.
You can lead a horse to water. But you can't make him get down on one knee and do an Al Jolson impression!
