Compensation Agreement with ICAN Institute
Compensation
Agreement with ICAN Institute
With our
agreement expiring in 2006, we have agreed to the following compensation
package:
Since
expiration, we have continued on a month-to-month basis under the same
agreement:
$90,000 compensation plan with $60,000
paid $2,500 semi-monthly, and the balance in shares paid quarterly.
Effective April 1, 2008, we moved to a
$60,000 compensation plan continuing the same payment of $2,500 semi-monthly,
but with no more share compensation.
Finally,
effective May 1, 2009, we have a new contract pending.
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Submitted:
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/s/
Xxxxxxx X. Xxxxx
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Xxxxxxx
X. Xxxxx, President
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PrimeSource
Mortgage, Inc.
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Acknowledgement:
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| /s/ Xxx Xxxxxxxx | |
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Xxx
Xxxxxxxx, President
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ICAN
Institute, Inc.
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