Total Sports Media Inc. (fka TSMI)

[pennylover]

Check this from filing, WOW:




i. Milestone 1- Achieving $10 million in sales within 90 days of execution of this letter or a minimum gross profit of $500,000; or

ii. Milestone 2- Achieving $30 million in revenue within 180 days of execution of this letter or a minimum gross profit of $1,500,000



The Company cannot recapitalize and/or reverse split the common stock prior to F Squared Hemp meeting the above milestones.


(iv) The Company agrees to allocate 6 million incentive stock options at an exercise price of $0.10 for key employees that will vest per managements milestones but in no event before the Company has reached $5MM in EBITDA.