VirTra Inc (VTSI)

[ByloCellhi]

Michael Kitchen's Employment Contract?

From the filing:

Employment Contract

Effective September 1, 2003, the Company entered into a contract with an employee whereby the employee is to receive a base salary and a four percent cash commission on all sales originated by the employee. In addition, the employee is entitled to receive options to purchase 1,000,000 shares of the Company’s common stock with an exercise price of $0.10 per share, if certain sales targets are achieved for each of the next three years. If the sales targets are not achieved, the stock options will not be granted. As of December 31, 2003 the sales target has not been achieved and, therefore, no stock options have been granted.