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Quotes & Info
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| CLYV.OB > SEC Filings for CLYV.OB > Form 8-K on 5-Sep-2008 | All Recent SEC Filings |
5-Sep-2008
Change in Directors or Principal Officers, Financial Statements and Exhibits
Compensatory Arrangement with John Boschert
Effective September 3, 2008, Clyvia Inc. (the "Company") entered into a management consulting agreement (the "Consulting Agreement") with John Boschert, the Company's Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer and sole member of the Board of Directors. Prior to entering into the Consulting Agreement, the Company had been paying Mr. Boschert a management fee of $1,000 per month for acting as the Company's Secretary.
Under the terms of the Consulting Agreement, the Company agreed to increase the management fee paid to Mr. Boschert to $5,000 per month in recognition of the additional responsibilities undertaken by him. Mr. Boschert is also entitled to be reimbursed for reasonable travel, promotional and other expenses incurred by him while performing his duties.
The term of the Consulting Agreement extends until the close of business on February 28, 2009 and shall continue thereafter on a month-to-month basis, and may be terminated at any time upon 60 days advance notice.
A copy of the Consulting Agreement is attached as an exhibit and incorporated herein by reference to this Current Report on Form 8-K.
(d) Exhibits.
Exhibit
Number Description of Exhibit
10.1 Management Consulting Agreement dated September 3, 2008 between the
Company and John Boschert.
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