Lannett Company Inc. (fka LCINQ)

[sharkey1]

Mr. Chen is allowed to buy 900k shares at the OTC stock price the day he steps foot on Elite property as a hired employee.
at close on May 16 was .0375

Upon approval by the Board of Directors of Elite, Mr. Chen will be granted stock options to purchase 900,000 ELTP Shares. The options will vest over a three-year period, commencing one year from the date of issuance. The strike price will be equal to the closing price of the Company’s stock as traded on the OTC Bulletin Board (symbol ELTP) on the first day of employment.