Abattis Bioceuticals Corp ATTBF

CEO Services

[Manitoba25]

The Company entered into a management service agreement providing for payment of $240,000 per annum for the services of the CEO. In the event of termination for any reason or not for just cause, the agreement provides a lump sum payment equal to 12 months of the CEO’s fees and share payments due on the date of termination and a lump sum bonus payment equal to 150% of the greater of the target bonus in the year the change of control occurs or the target bonus in the year the service agreement is terminated. During the year ended September 30, 2018, the Company issued 14,177,625 common shares to the CEO for the achievement of milestones. As of December 31, 2018, the Company issued 6,877,778 common shares to the CEO for the achievement of milestone. iv) On May 7, 2018, the Company entered into a management service agreement providing for payment of $150,000 per annum for the services of the CFO and COO.