Ok, I am reading it now. This has to be the cheapest CEO ever.
The Company previously agreed that Mr. Balasubramaniamshall be compensated for his services as a director in the amount of $2,000 per month, plus an option grant to purchase 50,000 shares of the Company’s common stock with an exercise price per share equal to the market value of the Company’s common stock per share on the date of such grant. No changes have been made to his compensation at the current time.