text: In the instance of a change in control of the Company, at the instigation of the Board of Directors, if the Managing Director’s title 
  and duties are substantially reduced then the Managing Director, within two months of such reduction in status, may provide 
  two weeks written notice to the Company as being terminated by the Company other than for good cause and will receive his 
  base salary through the end of the contract term. 
  
  At the date of this report, no other directors nor other key management personnel have employment contracts. 