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Friday, 01/24/2020 7:25:28 AM

Friday, January 24, 2020 7:25:28 AM

Post# of 7057
End of Note 9.

"As a condition of management employment, the Board of Directors approved employment agreements with three key executives. This agreement provided that additional shares will be granted each year at February 1 over the term of the agreement should their shares as a percentage of the total shares outstanding fall below prescribed ownership percentages"

https://ih.advfn.com/stock-market/USOTC/diego-pellicer-worldwide-inc-DPWW/stock-news/81168732/quarterly-report-10-q

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"The restated employment agreements provide for five-year terms and increases in compensation for each, based upon their assumption of and commitment to their new and additional roles and responsibilities. In addition, each received an evergreen award providing each with an anti-dilutive stock ownership position, based upon stock options and grants. In Mr. Gonfiantini’s case, an ownership position of 10% and a 2% ownership position for Mr. Strachan"

https://ih.advfn.com/stock-market/USOTC/diego-pellicer-worldwide-inc-DPWW/stock-news/81313406/amended-current-report-filing-8-k-a#E1620_10-1_HTM

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