Terms of Salary Compensation Agreement between Entest Biomedical, Inc. and David R. Koos
Entest Biomedical, Inc. agreed to pay David R. Koos a monthly salary for his services, without a formal employment agreement. From April 2010 to April 4, 2011, his compensation was $25,000 per month. From April 4, 2011 onward, his compensation was reduced to $10,000 per month. These amounts do not include any bonuses or benefits. The agreement outlines only the salary terms and does not specify additional employment conditions.
EXHIBIT 10.36
TERMS OF SALARY COMPENSATION DAVID R. KOOS
David Koos is not party to an executed employment agreement. From April of 2010 to April4, 2011 Entest Biomedical, Inc. had agreed to compensate David Koos $25,000 per month for his services, exclusive of any bonuses or benefits. From April 4, 2011 to the date of this document Entest Biomedical, Inc. had agreed to compensate David Koos $10,000 per month for his services, exclusive of any bonuses or benefits.
