Biokey International Inc (BKYI)

[jonQ]

BONUS PLAN----BASED ON REVENUE

Management gets bonus for loooooosing shareholders money


REVENUE,REVENUE REVENUE

REVENUE, NOT NET INCOME



March 16, 2017, we adopted an incentive bonus plan for our named executive officers Michael DePasquale, our Chief Executive Office, Cecilia Welch, our Chief Financial Officer, and Mira LaCous, our Chief Technology Officer. The plan provides for the payment of a cash bonus equal to 10% of our net income in the event that our 2017 revenue exceeds $5,000,000, 12% of our net income in the event that our 2017 revenue exceeds $10,000,000, and 15% of our net income in the event that our 2017 revenue exceeds $12,500,000. The forgoing amount, if any, will be allocated among our named executive officers, our other executive officers, and certain key employees, based on the relative base salaries of the participants.