EX-10.5
from 10KSB
1 page
A. the Director and the Company Entered Into a Director Agreement on October 22, 2006, as Amended by a Stock Compensation Agreement Dated July 16, 2007, Whereby the Director Agreed to Provide Services to the Company in Exchange for Monthly Compensation of US$1,000 in Cash and US$1,000 in Shares of the Company’s Common Stock, and Quarterly Compensation of Options to Purchase 50,000 Shares of the Company’s Common Stock; and B. as of February 27, 2008 the Company Owed the Director Cash, Shares of the Company’s Common Stock, and Options to Purchase Shares of the Company’s Common Stock. the Parties Agree That
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