CompensationAgreement with ICAN Institute
EX-10.6 7 v148872_ex10-6.htm
Compensation Agreement with ICAN Institute
With our agreement expiring in 2006, we have agreed to the following compensation package:
Since expiration, we have continued on a month-to-month basis under the same agreement:
$90,000 compensation plan with $60,000 paid $2,500 semi-monthly, and the balance in shares paid quarterly.
Effective April 1, 2008, we moved to a $60,000 compensation plan continuing the same payment of $2,500 semi-monthly, but with no more share compensation.
Finally, effective May 1, 2009, we have a new contract pending.
| Submitted: | |
| /s/ Jeffrey R. Smith | |
| Jeffrey R. Smith, President | |
| PrimeSource Mortgage, Inc. | |
| Acknowledgement: | |
| /s/ Deb Erickson | |
| Deb Erickson, President | |
| ICAN Institute, Inc. |
