• | Title of Vice President - CFO, Treasurer and Secretary. |
• | Annual base salary of $225,000, retroactive to August 3, 2016. |
• | Annual automobile allowance of $7,000. |
• | Option to purchase 10,000 shares of common stock of the Company to vest in equal, annual amounts over four years. |
• | Participation in executive bonus program. |
• | Change of Control and Severance Agreement with the same terms and conditions as the same agreement that terminated on June 30, 2013, except that if you are involuntarily terminated without cause under conditions where the Change of Control provisions do not apply, severance will be equal to the greater of one year of your base salary, or $225,000. |
• | Participation in the all of the Company’s employee benefits, including (without limitation) healthcare, 401-K, sick leave, holidays, and vacation. |
/s/ Fokko Pentinga |
/s/ Robert T. Hass | ||
Robert T. Hass | ||
Date: | November 10, 2016 |