Compensation Waiver Agreement between David S. Jones and llM Global Corp (July–September 2013)
David S. Jones, President and CEO of llM Global Corp, agrees to accept $1 instead of his full salary for the period from July 1, 2013, to September 30, 2013. This decision follows a review of the company's financial performance and is intended to benefit the company and its shareholders. The agreement is addressed to the company's Board of Directors and Officers and covers all salary compensation due for the specified period.
Exhibit 10.10
David S. Jones
6709 Oakwood Manor Dr.
Crystal Lake, IL 60012
Date: September 30, 2013
To: The Board of Directors/Officers of llM Global Corp
After conducting a thorough review of the company's financial performance year to date. I have come to the conclusion that its in the best interest of the company and its shareholders that I accept $1 (one dollar) in lieu of all salary compensation that may be due me for the period of July 1, 2013 through September 30, 2013.
Sincerely,
/s/ David S. Jones
David S. Jones President & CEO
llM Global Corporation
