Summary of Oral Employment Agreement between Wadena Corp. and Cort St. George
Wadena Corp. and Cort St. George agreed that Mr. St. George would serve as President of the company for a salary of $4,000 per month. Either party can end the agreement with thirty days' notice. If the company cannot pay the full salary, the unpaid amount will be recorded as owed. Mr. St. George also agreed to provide office space to the company at no charge.
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. George’s 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.
