Summary of Oral Agreement between Wadena Corp. and Cort St. George November 2, 2015
EX-10.2 10 exhibit102.htm SUMMARY OF ORAL AGREEMENT BETWEEN THE REGISTRANT AND CORT ST. GEORGE Exhibit 10.2
Exhibit 10.2
Summary of Oral Agreement
between
Wadena Corp. and Cort St. George
November 2, 2015
In April, 2015, Wadena Corp. (the Company) agreed to pay $4,000 per month to Cort St. George as salary for his services as President of the Company. The parties agreed that either party could terminate this agreement upon thirty (30) days notice. If monies are not available to pay Mr. St. Georges full salary each month, any balance owing will be accrued on the books of the Company.
In addition, Mr. St. Geoge has agreed to continue to provide office space to the Company at no cost.