Common use of Compensation and Bonuses Clause in Contracts

Compensation and Bonuses. The Company will pay the Employee for his/her services at a base rate equal to $130,000.00 gross per year, paid on the 5th of each month with the proper payroll taxes deducted. The Company and Employee agree to review this salary on an annual basis or if a significant event, such as a merger, acquisition or other significant business event takes place. Said reviews will entail a comparison of similar positions in the marketplace to ensure that the salary is comparable to other companies. Employee will be compensated for wages earned, Schedule A, since STLK is acquiring Employee’s current Employer. These wages will be paid when possible and up to 50% may be paid with a convertible note with a 50% discount. Employee must elect this convertible note option by December 31st, 2012.

Compensation and Bonuses. The Company will pay the Employee for his/her services at a base rate equal to $130,000.00 100,000.00 gross per year, paid on the 5th of each month with the proper payroll taxes deducted. The Company and Employee agree to review this salary on an annual basis or if a significant event, such as a merger, acquisition or other significant business event takes place. Said reviews will entail a comparison of similar positions in the marketplace to ensure that the salary is comparable to other companies. Employee will be compensated for wages earned, Schedule A, since STLK is acquiring Employee’s current Employer. These wages will be paid when possible and up to 50% may be paid with a convertible note with a 50% discount. Employee must elect this convertible note option by December 31st, 2012.