Compensatory Stock Issue Agreement Sample Contracts

Name Shares Issued ------------------ ------------- Gary Heesch 58,158,589 David Giles 45,032,787 Robert Arbon 6,808,624 ----------- Total 110,000,000 ===========
Compensatory Stock Issue Agreement • February 28th, 2002 • Wasatch Pharmaceutical Inc • Phonograph records & prerecorded audio tapes & disks

This Compensatory Stock Issue Agreement (herein after referred to as The Agreement) has been entered into by Wasatch Pharmaceutical, Inc. (herein after referred to as "Wasatch"), Gary Heesch, Wasatch CEO, David Giles, Wasatch CFO, and Robert Arbon, Wasatch Director, (herein after collectively referred to as "Officers") and Standard Registrar & Transfer Co., Inc. (herein after referred to as "Share Administrator") for the purpose of providing the aforementioned Officers with assurance that they will be adequately compensated for their loyal past and future services.

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Name Shares Issued ----------------- ------------- Gary Heesch 58,158,589 David Giles 45,032,787 Robert Arbon 6,808,624 ----------- Total 110,000,000 ===========
Compensatory Stock Issue Agreement • April 26th, 2002 • Wasatch Pharmaceutical Inc • Phonograph records & prerecorded audio tapes & disks
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