notice of annual general meeting., page-12

Compensation to come on top of his $400+K a year, plus cash bonus up to $200K:

1) 834,000 stock options:

250K when SP is 9.45 all free
250K when SP is 12.15 all free
334K when SP is 17.82 all free

2) 1,166,000 restricted stock:

233.2K Supply agreement with SA for 100M units
233.2K New agreement other than SA for Unifill
233.2K Agreement with any company for new prod other than Unifill
233.2K Installation of 1st Unifill prod line
233.2K for first shipment to SA from Unifill prod line

3) 750,000 options

250K 2011 - price set at date of grant
250K 2012 "
250k 2013 "

10 yrs to take them up and pay for them.

Already has 3,4,5M ?? shares.

The thing that gets up my shout is with the stock options and restricted stock some of one will trigger the other. Surely when they sign SA up to 100M units it will push the SP up so that he will probably get some of the stock options (9.45 example) also. It's called double dipping in my book.

Trouble is they intend to keep handing them out to key exect, AS and directors in the future.

I'm with you Oaky - time for the shareholder to be considered.

Writer - he will be granted them at say $5, 7 and 9 (for arguement sake). That equats to 750K at $7 -- $5.25M. Now if UNIS gets to $15, 20 or 30 in the next 10 yrs then thats a nice little pick up wouldn't you say.