Pollex, Inc. (OTCMKTS:PLLX) 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 April 6, 2017, Pollex, Inc. (the Company) and Seong Sam Cho, the Companys Chief Executive Officer, entered into an employment agreement (the Agreement) to which Mr. Cho shall continue to serve as Chief Executive Officer of the Company for a period of one year in consideration for an annual salary of $80,000. In the event Mr. Chos employment is terminated due to death or disability (as such terms are defined in the Agreement), Mr. Cho will be entitled to be paid his compensation through the remainder of the calendar month during which such termination is effective. In the event Mr. Cho is terminated for cause (as such term is defined in the Agreement), Mr. Cho will be entitled only to receive such compensation as he is entitled through the date of termination.
The foregoing description is a summary only, does not purport to set forth the complete terms of the Agreement and is qualified in its entirety by reference to the Agreement filed as Exhibit 10.1 to this Current Report on Form 8-K which is hereby incorporated by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
10.1 Employment Agreement between Seong Sam Cho and Pollex Inc. dated April 6, 2017
About Pollex, Inc. (OTCMKTS:PLLX)
Pollex, Inc., formerly Joytoto USA, Inc., is focused on online games by acquiring new game licenses to provide commercial service of such games in South Korea and the United States. The Company’s online game business is The Great Merchant. The Company operates online game at its Website, http://www.thegreatmerchant.com. The Great Merchant is a free-to-play massively multiplayer online (MMO) personal computer (PC) game. Players can download the game for free from its Website and interact with other players in the game to trade, fight and explore the game world. As a free-to-play game, the Great Merchant offers micro-transactions through PayPal, which players can purchase in game currency (GP) to further their character and purchase items to increase their character’s abilities and in game looks. The Company is a subsidiary of Joytoto Co., Ltd. (Joytoto Korea). Pollex, Inc. (OTCMKTS:PLLX) Recent Trading Information
Pollex, Inc. (OTCMKTS:PLLX) closed its last trading session up +0.0201 at 0.0700 with 22,269 shares trading hands.
