Document ID: 1368

Text:
| (i)| During that period commencing August 15, 2017 and ending on the sooner of (a) the expiration of the Employment Period or (b) the last day of any month during the Employment period in which the Company shall have sold equity or debt securities generating net cash proceeds to the Company of Two Million Dollars ( $2,000,000 ) or more (Capital Raise) Employee shall receive from the Company 10,000 shares of the Company's Series M Preferred stock per month as compensation for Employees services pursuant to this Agreement . ---|---|--- | (ii)| During the period commencing the first day subsequent to the end of that month in which the successful completion by the Company of the Capital Raise shall have occurred and ending upon the expiration of the Employment Period, Company shall pay Employee salary at the rate of $16,667 per month prorated for any partial employment month ("Salary"). Salary shall be paid on a monthly basis (Payday). In the event that Payday falls on a Saturday, Sunday or holiday, Salary shall be paid on the next business day. Salary may be paid, at the Companys sole discretion, either in: ---|---|---

Named Entities:
9
12
EffectiveDate
65
70
Principal
84
86
Shares
173
176
Salary

Tokenized Text:
|
(
i
)
|
During
that
period
commencing
August
15
,
2017
and
ending
on
the
sooner
of
(
a
)
the
expiration
of
the
Employment
Period
or
(
b
)
the
last
day
of
any
month
during
the
Employment
period
in
which
the
Company
shall
have
sold
equity
or
debt
securities
generating
net
cash
proceeds
to
the
Company
of
Two
Million
Dollars
(
$
2
,
000
,
000
)
or
more
(
Capital
Raise
)
Employee
shall
receive
from
the
Company
10
,
000
shares
of
the
Company
'
s
Series
M
Preferred
stock
per
month
as
compensation
for
Employees
services
pursuant
to
this
Agreement
.
-
-
-
|
-
-
-
|
-
-
-
|
(
ii
)
|
During
the
period
commencing
the
first
day
subsequent
to
the
end
of
that
month
in
which
the
successful
completion
by
the
Company
of
the
Capital
Raise
shall
have
occurred
and
ending
upon
the
expiration
of
the
Employment
Period
,
Company
shall
pay
Employee
salary
at
the
rate
of
$
16
,
667
per
month
prorated
for
any
partial
employment
month
(
"
Salary
"
)
.
Salary
shall
be
paid
on
a
monthly
basis
(
Payday
)
.
In
the
event
that
Payday
falls
on
a
Saturday
,
Sunday
or
holiday
,
Salary
shall
be
paid
on
the
next
business
day
.
Salary
may
be
paid
,
at
the
Companys
sole
discretion
,
either
in
:
-
-
-
|
-
-
-
|
-
-
-