CEO Bunka is also a conultant to LXX...petty and patheticsays al lot about Bunka and his ethics...
Contractors
The Company primarily uses sub-contractors and consultants in the intellectual property development and licensing, and alternative health product sectors. It primarily engages with consultants to serve our executive needs.
On November 27, 2008, the Company entered into a consulting agreement with CAB Financial Services Ltd. (“CAB") wholly owned by Christopher Bunka for $8,000 per month plus applicable taxes. Effective December 1, 2014, the Company updated the consulting agreement for consulting services of $10,000 a month plus applicable taxes.
On December 1 2016 the Company entered into a new consulting agreement for consulting services of $12,000 a month plus applicable taxes with CAB, superseding the prior agreement. The term of the agreement is two years but can be terminated by either party by providing two months notice. The Company may pay Mr. Bunka a bonus from time to time, at its sole discretion. Mr. Bunka will be entitled to receive common stock-based and stock option based bonuses upon achieving certain milestones during the time of his consultancy with the Company. These milestones are during the first 12 months after the date of the agreement with CAB,: