Summary of Chuck Wallace Employment Arrangement

Contract Categories: Human Resources - Employment Agreements
EX-10.25 5 v216608_ex10-25.htm Unassociated Document
Exhibit 10.25

Summary of Chuck Wallace
Employment Arrangement


Chuck Wallace is receiving a salary of $150,000 per year and was granted 13,279,434 options exercisable at $0.034 per share.  Of the options: (i) 1,659,930 options were fully vested at grant and (ii) the remaining vest (or vested) in 276,655 increments each month beginning September 22, 2010.