Music Licensing Inc (SONG)

[lucky, mydog]

wow.

(a) Salary. The Company shall pay the Executive as compensation for his services on an annual basis a salary in the form of a convertible note which may be converted at the election of the Executive. The convertible note shall permit the Executive to receive shares worth twelve million dollars ($12,000,000.00) at the time of the conversion. The note shall remain valid and in effect until the Executive realizes twelve million dollars ($12,000,000.00), and additional shares may be added to the convertible note as necessary in order for such amount to be received.