other material
confidence high
sentiment neutral
materiality 0.65
Mobiquity grants Chairman 150k shares, secures $300k convertible loan
Mobiquity Technologies, Inc.
- Consulting agreement with Chairman Gene Salkind: 150,000 restricted shares for 12-month term; focus on growth strategy and partnerships.
- Unsecured $300,000 loan from Marital Trust GST, due Nov 30, 2023, at 15% annual interest.
- Lender may convert principal into common stock at $0.70/share or into terms of any private financing completed before maturity.
- Either party may terminate the consulting agreement on 30 days' notice.