Bitcoin Generation Inc. (BTGN)

[Slojab]

This is a sick joke!

RALEIGH, N.C. -- InoLife Technologies Inc. (Nasdaq: INOL) has handed Chairman and CEO Gary Berthold a new contract with a base annual salary of $310,000 plus cash incentives, according to an SEC filing.

The Raleigh-based provider of DNA analysis also entered into an agreement with Berthold's wife, Sharon, executive vice president and director, offering her a base annual salary of $274,000 plus cash incentives.

The new at-will contracts, effective April 30, replace a previous agreement under which InoLife in January issued a total of 60 convertible Series B preferred shares to the two executives in lieu of all compensation since their appointment and up to 40 percent of their compensation under the new agreement.

The Bertholds would severance payments of two years' annual salary and twice the average incentive bonus paid during the preceding two years in the event of a change of control.