In Ovations Holdings Inc. (INOH)

[DJ Ponder]

Effective May 8, 2009 Mark Goldberg has been offered the position of CEO.

Pursuant to the terms and conditions of a management agreement, Mark Goldberg, Paul Enright and Robert Stevens have been retained for a term of 24 months beginning May 6, 2009, and will be entitled to a royalty of 2.5% of gross proceeds of treasure wrecks during this period. Effective May 8, 2009 Mark Goldberg has been offered the position of CEO.

Ed, that's nearly THREE YEARS AGO to the day.

In the meantime....Mr. Goldberg will be paid a monthly salary of up to $30,000 for compensation as CEO as described under ITEM 5.02 below.

Hoss Capital limited membership / split proceeds arrangement. As additional incentive certain members of the company's founder team will include Goldberg or designee as a limited member of Hoss Capital LLC in a split proceeds / limited membership agreement which shall be attached to this contract as exhibit B. General Provisions


Interesting note : This Agreement is effective from May 8, 2009 until May 8, 2012.

Up to 30k a month ...not a bad gig if you can get it
oh that's right they own majority interest in mexp.
LOL