A reprint of form 2. I will bold questions in the following statements and would like to know how they can pay this much!!!
In connection with his appointment as Chief Executive Officer, President and a member of our Board of Directors, Mr. Braune entered into an employment and board of directors agreement dated as of March 20, 2015 (the “Employment Agreement”) with the Company pursuant to which he will receive an annual salary of $100,000, subject to adjustment,(they don't have that much income for the year) and a monthly bonus (the “Bonus”) equal to at least 5% of the Company’s monthly net sales for the immediately preceding month. Net sales not gross sales, which means price minus costs lol. The Bonus is payable in cash or Company common stock, at Mr. Braune’s option. The price of the Company’s stock shall be calculated on the basis of the average fair market value of the Company’s common stock for the month during which the Bonus was earned.
In addition, the Company will grant to Mr. Braune 15,000,000 shares of the Company’s common stock, to be held in escrow and released by the Company to Mr. Braune in accordance with the following vesting schedule: (i) 5,000,000 shares shall vest on September 15, 2015, and (ii) 10,000,000 shares shall vest on March 15, 2016. Mr. Braune also is eligible to participate in any stock option plan maintained by the Company and available to other employees. ‘s standard benefit programs for senior management. That's to make sure he doesn't run off when he finds out that working for MF was a sham.
The Employment Agreement continues until terminated by either party upon 90 days’ prior written notice
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