David S. Jones Compensation Adjustment Letter Agreement with IIM Global Corporation
David S. Jones has agreed with the Board of Directors of IIM Global Corporation to accept a reduced compensation of $1 per year instead of his usual pay. This arrangement will continue until the company is financially able and the Board decides to offer him a new employment agreement. The agreement is intended to support the company's financial health and is effective as of October 1, 2013.
Exhibit 10.11
David S. Jones
6709 Oakwood Manor Drive
Crystal Lake, IL 60012
October 1, 2013
To: The Board of Directors of IIM Global Corporation.
After conducting a thorough review of the financial performance of the company to date, I have come to the conclusion that in the best interest of the company and its shareholders that I accept compensation $1.00 (one) dollar a year in lieu of any and all my future compensation until such time the company is a position and the Board of Directors agrees to provide me with a new employment Agreement.
Sincerely
/s/ David S. Jones
David S. Jones
