DEFERRED COMPENSATION AGREEMENT
This Agreement confirms the previously agreed to terms concerning deferred
compensation between Trilogy International, Inc. ("Company") and Xxxxxx
Xxxx("Consultant").
Whereas, Consultant was retained on December 1, 1998 at an monthly consulting
fee of $11,250 and
Whereas, Consultant agreed to defer payment of 100 % of his fees for the period
from December 1, 1998 through March, 1999, and not demand payment of said
deferred fees until such time as the Company has been profitable for two
consecutive months and then to accept payment of the accrued salary due at that
time in 4 monthly installments pari pasu with all other employees of the Company
that have made like concessions,
The Company, therefore, has agreed to issue to Consultant 8,667 Options to
purchase Trilogy International, Inc Common Stock @ $.25 per share as
consideration for the above fee payment concessions made by Consultant.
AGREED______________________ DATE_____________________________
Xxxxx Xxxxxxx, President
For: Trilogy International, Inc.
("Company")
AGREED_______________________ DATE _____________________________
Xxxxxx Xxxx
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