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Wednesday, June 20, 2012 10:00:43 AM
http://www.otcmarkets.com/financialReportViewer?symbol=CAGR&id=73766
71 | P a g e
Bonus Agreement
Mr. Yglesias,
Your bonus program commenced as of May 31st, 2011 and consists of five (5) periods, each of which is twelve (12) months long ending on June 1st, in each of the years 2011 through 2016 (the "Bonus Periods").
Your bonus entitlement for each Bonus Period is $500,000 and will be paid to, or on your behalf, as follows:
1. You must be an employee of the Company on the first and last days of each Bonus Period, except in the event of your death or disability (as defined for purposes of determining eligibility for Social Security disability benefits) in any Bonus Period.
2. In the event of your death or disability, your entitlement, will be prorated for the period of time during the Bonus Period during which the Company actively employed you.
3. California Grapes International, Inc. (the "CGI Stock") registered on any stock exchange at a 0.01 per share on at least 1 day in each Bonus Period; provided, however, in the event of your death or disability, the stock price must be attained within 90 days after either of said events, even if said 90 days extends into the next Bonus Period, unless the stock price was attained earlier in the Bonus Period in which your death or disability occurs.
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