EX-10
from 8-K
~20
pages
This Warrant and the Shares of Common Stock That May Be Purchased Pursuant to the Exercise of This Warrant Have Been Acquired for Investment and Have Not Been Registered Under the Securities Act of 1933, as Amended (The “Act”), or Applicable State Securities Laws. These Securities May Not Be Sold, Offered for Sale, Pledged, Hypothecated or Transferred in the Absence of Such Registration Unless the Transfer Is in Accordance With Rule 144 or a Similar Rule as Then in Effect Under the Act, or Applicable State Securities Laws or Unless the Corporation Receives an Opinion of Counsel Reasonably Acceptable to It Stating That Such Sale or Transfer Is Exempt From the Registration and Prospectus Delivery Requirements of the Act
12/34/56
EX-10
from 8-K
~5
pages
May 15, 2006 1. Position and Reporting Relationship Your Position Will Be Vice President, Chief Financial Officer and Chief Operating Officer. You Will Report Directly to the President and CEO. 2. Compensation Base Salary a Bi-Weekly Base of $7,692.30 Which Equals an Annual Salary of $200,000. You Will Be Paid Bi-Weekly in Accordance With the Company’s Normal Payroll Schedule. Performance Bonus Total Cash Compensation Taking Together the Salary and Performance Bonus Outlined Above, Your Total Annual Potential Cash Compensation Will Be Up to $260,000. 3. Equity Participation
12/34/56
