Here's what it says.....public record.
(c) Except as enumerated on the attached Schedules, Quasar is not a party to any
material oral or written: (i) contract for the employment of any officer or employee; (ii) profit
sharing, bonus, deferred compensation, stock option, severance pay, pension, benefit or
retirement plan, agreement or arrangement covered by Title IV of the Employee Retirement
Income Security Act, as amended; (iii) agreement, contract or indenture relating to the
borrowing of money; (iv) guaranty of any obligation for the borrowing of money or otherwise,
excluding endorsements made for collection and other guaranties of obligations, which, in the
aggregate exceeds $1,000; (v) consulting or other contract with an unexpired term of more
than one year or providing for payments in excess of $10,000 in the aggregate; (vi) collective
bargaining agreement; and (vii) contract, agreement, or other commitment involving payments
by it for more than $10,000 in the aggregate.
But yet, we had no employee agreements, but debt wraps were completed based on accrued wages that didn't exist.....
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