Replies to post #1909 on Amplitech Group Inc (AMPG)

[mikeonmicrocaps]

(11) Subsequent events



In accordance with ASC 855-10, Company management reviewed all material events through the date of this report.



On February 14, 2018, the Company entered into an advisory agreement to assist in product sales and distribution in Asia and the Middle East. The advisor will be paid compensation of a total of 2.2 million shares of restricted common stock at the current market price. The first installment of 500,000 shares was issued on February 14, 2018 at a market price of $0.0325. The final installment of 1,700,000 shares will be issued in April 2018.

Does this mean that the sales agent is being compensated solely by AMPG shares? If so, that can be an incentive to increase international sales.