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Microcap & Penny Stocks : Stateside's Canadian Microcap Board
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From: statesidereport3/30/2016 2:55:44 PM
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Speaking of Wagner and BCT - one of his job per the 7/31/15 MD&A was to raise $5 million with at least a $.35/share price tag. It's a moot point now but it should be interesting to see where the PP end up:

Employment Agreements

On May 20, 2015, the Company entered into an employment agreement with Dr. Joseph Wagner,
which became effective on June 1, 2015. Dr. Wagner was appointed President and Chief Executive
Officer of the Company. The agreement is for a term of one year expiring May 31, 2016, and will
automatically renew unless cancelled by either party. Pursuant to the Agreement, the employee will
receive a base fee of US$200,000 over the initial term and be entitled to 500,000 stock options. The
base fee may be adjusted to US$230,000 pending successful completion of a US$5,000,000 financing
at not less than $0.35 per share. The Agreement also provides for other milestone incentive bonuses
which may increase the remuneration by an additional $85,000. If the agreement is terminated by the
Company all amounts accrued under the agreement shall become due and a lump sum termination fee
equal to the pro rata monthly salary times the number of months employed divided by 2 (subject to a
maximum of 12) shall become payable. The Agreement may be terminated by the employee upon
delivery of 30 days written notice.
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