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On4 Communications ONCI
(Total Views: 327)
Posted On: 01/04/2019 3:43:15 PM
Post# of 40991
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Posted By: toodles
Re: Zadie #24026
The Company entered Empolyment Agreement with Mr. Berman as of Marchg,Z0l6 which provides compensation to Mr. Berman at the rate of $10,000 per month and which grants Mr' Berman the right to acquire up to 50,000,000 of the Company's restricted common shares at a price of $0.0001 per share, plus the grant of 70,000,000 stock options exercisable at the rate of 2,500,000 common shares per calendar quarter over 7 years at a price equal to the lowest daily trading price in the previous quarter. He is also entitled to receive a profit incentive bonus equal to 0.25% overriding royalty on the value of allnew executed contracts, net of any payments to outside services, derived by the Company from such new contracts. The Company has the right to terminate Mr. Berman's Employrnent Agreement at any time upon payment of 6 months' salary payable in 16 monthly installments following termination

https://backend.otcmarkets.com/otcapi/company...25/content

Steve lowered his Royalty to 12.5%


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