The agreement provides for the payment of consulting fees of $12,500 per month over its renewed 12 month term to Pyrenees and grants 20,000,000 incentive options to acquire the Company’s common stock, which can be exercised twelve months from the issuance date and have a ten year term, and an exercise price of $.0087 per share. The agreement automatically renews for a second twelve month term, unless a 60-day written notice of cancellation is provided by Pyrenees , or a 180-day written notice is provided by CBAI.
So let me get this straight, if Matt wants to cancel the agreement he must notify HIMSELF with a 60 written notice ??