Posted On: 06/20/2016 4:05:23 PM
Post# of 22940
On February 1, 2016, the Company entered into a consulting service agreement with Mr. Nicholas Nguyen for a period of 24 months. Upon execution of this agreement, the Company shall issue total of 100 shares of its convertible preferred stock as compensation for Mr. Nguyen’s services. As of April 30, 2016, the shares had not been issued and the Company recorded accrued expense of $75,000.
On February 22, 2016, the Company entered into an agreement with Ms. Lixin Chen to perform marketing and operation consulting services for the year ended December 31, 2016. Upon execution of this agreement, the Company shall issue total of 300 shares of its convertible preferred stock as compensation for Ms. Chen’s services. As of April 30, 2016, the shares had not been issued and the Company recorded accrued expense of $344,000.
On February 22, 2016, the Company entered into an agreement with Ms. Lixin Chen to perform marketing and operation consulting services for the year ended December 31, 2016. Upon execution of this agreement, the Company shall issue total of 300 shares of its convertible preferred stock as compensation for Ms. Chen’s services. As of April 30, 2016, the shares had not been issued and the Company recorded accrued expense of $344,000.
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