SideChannel Inc (SDCH)

[TronCarter]

Haugli/Haugli $1million+ COMMITMENT OF CASH

According to https://www.otcmarkets.com/filing/html?id=15935516&guid=xgk-ke3hux2mB3h (8-k public document, available for all to see):

Brian Haugli's current base salary is $300k
cash bonus of up to $150k = $450k
Kim Haugli's current estimated base salary is $100k+? probably more, right??

In the event Mr. Haugli’s employment is terminated for any reason (not including, however, a termination by the Company for Cause or a termination as a result of Mr. Haugli’s death or disability) (a “Change of Control Termination”) during the 12-month period following a Change of Control (as defined in the Employment Agreement) or in anticipation of a Change of Control, the Company shall pay Mr. Haugli a cash severance payment equal to 24 months of his then base salary, less applicable withholding.

CLOK - SideChannel would owe Brian Haugli another $600k

Total = $1.15million

*Not including the opportunity to get $400k in equity bonus and compensation

Chasteen gets $100k severance for stepping down
Didn't Borene get about $200k severance??

Message in reply to:
I’d love to see this month’s payroll!!

Check out sidechannel’s makeover of cipherloc.net and you will see a bunch of hands out looking to get paid. If Haugli (and his wife) stay a year, I believe that’s a $1million commitment of cash alone (see Haugli’s employment agreement).

“Yay!!…Our new CEO has 34 views on their YouTube videos! He replaced our previous CEO who saw no sales, spoke of no sales, and heard of no sales!”

Unbelievable.