Netguru, Inc. Special Compensation Summary for Officers and Directors (August 31, 2005)

Summary

Netguru, Inc. approved special compensation for certain executive officers, key employees, and non-employee directors as of August 31, 2005. Payments to the Chief Financial Officer and Secretary are contingent upon the closing of a proposed asset sale and will be made within five business days of that event. Non-employee directors and special committee board members will receive their compensation in five equal monthly installments starting August 31, 2005. The total compensation approved is $159,333.

EX-10.1 2 netguru_8k-ex1001.txt SUMMARY OF SPECIAL COMPENSATION EXHIBIT 10.1 NETGURU, INC. COMPENSATION APPROVED BY BOARD OF DIRECTORS AND COMPENSATION COMMITTEE ON AUGUST 31, 2005 Executive Officers/Key Employees: - --------------------------------- (payable contingent upon and within five business days following the closing of the Proposed Asset Sale) Bruce Nelson, Chief Financial Officer $ 25,000 Clara Young, Secretary 8,333 Non-Employee Directors/Special Committee Board Members - ------------------------------------------------------ (payable in five equal consecutive monthly installments of $8,400 each, beginning August 31, 2005) Dean McCormick 42,000 Stan Corbett 42,000 Ben Eazzetta 42,000 ----------- Total compensation: $ 159,333 ===========