Pacific Vector Holdings Inc. has reached a settlement agreement with the former President of Ryderz Compound pertaining to matters related to an employment contract dispute prior to Pacific Vector’s acquisition or Ryderz Compound.
Under the terms of the settlement, Ryderz Compound shall pay a total of $55,000 and grant 8 percent equity ownership in Ryderz Compound, a subsiduary of Pacific Vector Holdings Inc. Pursuant to the purchase and sale agreement with the sellers of Ryderz Compound, all expenses associated with this claim will be covered under the indemnity clause.
