Form 8-K for PHARMACYTE BIOTECH, INC.
29-Apr-2015
Change in Directors or Principal Officers, Financial Statements and Exhi
In connection with Mr. Liquard’s appointment to the Board, the Company entered into a letter agreement with Mr. Liquard pursuant to which the Company agreed to pay Mr. Liquard $9,000 in cash for each calendar quarter of service on the Board and agreed to issue a fully vested option to purchase 250,000 shares of common stock to Mr. Liquard at the fair market value on the date of grant. The Board of Directors approved the issuance of the option on April 27, 2015, and such option has an exercise price of $0.159 per share.
10.1 Letter agreement between the Company and Thomas Liquard dated April 20, 2015.
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