Eric Sauve Compensation Accrual Letter Agreement with Grant Hartford Corporation
This letter agreement between Eric Sauve and Grant Hartford Corporation confirms that Sauve is entitled to a monthly compensation of $15,000 as per his Employment Agreement, but has chosen to receive only $5,000 per month in cash since June 1, 2008. The remaining $10,000 per month is being accrued by the company without interest and without a set repayment plan, to be paid when the company is financially able.
December 31, 2008
David Gilmer, Secretary
Grant Hartford Corporation
619 S.W. Higgins, Suite O
Missoula, MT 59830
Dear David;
This is to clarify that I am drawing $5,000 per month from the Company and that my Employment Agreement states that my compensation is $15,000 per month starting June 1, 2008. Since June 1st, 2008, I have chosen to accrue $10,000 of my compensation per month with the Company at no interest and no plan of payment. I intend to continue accruing this amount each month until the Company is fiscally able.
Best regards
Eric Sauve
