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:
 
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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.

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$1,000 for each non-officer director that physically attends a meeting as well as traveling expenses

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$500 for each non-officer director on a telephonic meeting