BoardCompensation Plan

EX-10.2 3 ex102.htm EXHIBIT 10.2 ex102.htm
Exhibit 10.2
Board Compensation Plan

The Board Compensation Plan consists of:
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.

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

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