MR. AMAZING LOANS CORPORATION (OTCMKTS: MRAL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 27, 2018, Investment Evolution Corporation (“IEC”), a wholly owned subsidiary of Mr. Amazing Loans Corporation (“Mr. Amazing Loans”), entered into a professional consulting contract with Paul Mathieson, Mr. Amazing Loans’ President, Chief Executive Officer and sole director (the “November 2018 Consulting Contract”). to the terms of the November 2018 Consulting Contract, Mr. Mathieson agreed to provide regulatory and management consulting services as requested by Mr. Amazing Loans and/or IEC, including the hiring and compensation of IEC personnel, interaction with third party service providers and vendors and, as requested by Mr. Amazing Loans, other activities that are designed to assist IEC in conducting business. The term of the November 2018 Consulting Contract begins as of October 1, 2018 and continues indefinitely unless 12 months’ written notice of termination is provided by either party.
In exchange for Mr. Mathieson’s services, Mr. Amazing Loans agreed to pay Mr. Mathieson an annual base salary of $1,200,000, to be paid quarterly in advance. to the terms of the November 2018 Consulting Contract, no bonus is to be paid to Mr. Mathieson by Mr. Amazing Loans. Mr. Mathieson will also receive reimbursement for all reasonable expenses incurred for the benefit of IEC, including but not limited to travel expenses for him and his entourage, hotel expenses, communication, security and entertainment expenses.
The foregoing description of the November 2018 Consulting Contract is qualified in its entirety by reference to the November 2018 Consulting Contract, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
Mr. Amazing Loans Corp ExhibitEX-10.1 2 ex10-1.htm Exhibit 10.1 Paul Mathieson Professional Consulting Contract – November 27,…To view the full exhibit click here