Tinley Beverage Company Inc C.TNY

Incentives for management

[BBCs80904]

I had mentioned incentives for management to hit sales goals. I found the information in the financials released for 3rd quarter 2021 in November of 2021. From pg 12 of the financial statements.

"Included in the number of shares outstanding above, at no cost, are 3,000,000 common shares in escrow (“Escrow Shares”) for the former Chief Executive Officer (“CEO”) of the Company, who resigned on September 20, 2021. In accordance with a consulting agreement (the “Agreement”) entered between the Company and the former CEO, dated October 29, 2015, the 3,000,000 Escrow Shares were originally to be issued at a price of $0.05 per share, subject to performance based on the Company meeting a sales target within five years of the Agreement. The Company has elected to extend the deadline for achieving these sales targets by two years. During the term of the Agreement, the Company will release 1,500,000 Escrow Shares if sales exceed $1 million over any four consecutive quarters. An additional 1,500,000 consideration shares will be released if sales exceed $3 million over any four consecutive quarters. During the year ended December 31, 2020, the Escrow Shares were extended and are now expected to be cancelled on October 29, 2022."

Does that mean $1 million each quarter for four quarters or does it mean combined sales of $1 million in four consecutive quarters?

So did Maser quit, 9/20/21, when this goal was unable to be achieved?

[cosinus180]

Now you understand my "transparency" comments! Good luck figuring it out!!!

[Tinley20xx]

1 million each quarter for four consecutive quarters

[BBCs80904]

Tinley20xx, Thanks for repsonse.