Board Package Compensation Plan
EX-10.2 3 ex102.htm EXHIBIT 10.2 ex102.htm
Exhibit 10.2
Board Package Compensation Plan
The Board Compensation Package consists of:
| Ø | Each year, each Director shall receive 250,000 shares of common stock (or options in the amount of 150% of the amount of shares) and warrants to purchase 125,000 shares of common stock. The options and warrants will have an exercise price equal to $0.50 and will have a three (3) year term. |
| Ø | $1,000 for each non-officer director that physically attends a meeting as well as traveling expenses |
| Ø | $500 for each non-officer director on a telephonic meeting |
