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Wednesday, 09/14/2022 9:07:49 AM

Wednesday, September 14, 2022 9:07:49 AM

Post# of 31815
Gonzalez isn't going anywhere.

In connection with his appointment as Chief Operating Officer, Mr. Gonzalez entered into an employment agreement with the Company with a one-year term, pursuant to which Mr. Gonzalez will be (i) paid an annual salary of $100,000, which may be paid by the issuance of shares of the Company’s Series A Preferred Stock, and (ii) issued $50,000 of shares of the Company’s Series A Preferred Stock.



The Company will pay Mr. Gonzalez $250,000 on or prior to August 29, 2024 to satisfy accrued obligations owed to him in the aggregate amount of $492,777, consisting primarily of unpaid wages. In the event the Company fails to pay the settlement amount when due, such amount will increase by 200% and begin to accrue interest at the rate of 10% per annum.

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