Tamarkin

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On January 1, 2002 USCL hired Jack L. Mador per the terms and conditions stated in his Employment Agreement. This followed an investment of $25,000 made in October 2001. The proceeds of the $25,000 investment were used to retire a past due trade account with California Integration Coordinators (CIC.) CIC was owned and operated by USCL shareholders Ray and PJ Presgrave.

By February 2002 it became apparent that the relationship between Mr. Mador, Tom Tamarkin, and the USCL Board of directors was untenable.

In March, 2001 USCL engaged the services of Barry Stigers, dba Revenue Engineering, a local management consultant firm. Over the course of many weeks, Mr. Stigers met with Mr. Mador for management coaching sessions. Ultimately it was recommended that Mr. Mador be terminated for reasons stated in Mr. Stigers final report.

A meeting was held to discuss this with Mr. Mador at the Law Offices of Weintraub, Chediak, et al in May 2002. It was suggested that USCL buy back Mr. Mador’s stock for the price he paid for it.

A week later, Mr. Mador filed a lawsuit against Emily and Tom Tamarkin for “threat of breach of contract” meaning the employment Agreement.

A “Masters” hearing was held. The entire Board of Directors attended along with Tom and Emily Tamarkin and demanded that Mr. Mador be terminated and negotiations to be held to resolve the employment contract which had stiff penalties for early termination. A settlement Agreement was entered into by all parties.

An Announcement was made to all USCL shareholders concerning the resolution of the Jack L. Mador mater on June 25, 2002.

Several years later, Mr. Mador sued USCL for the balance of funds owed to him plus interest. A judgement was obtained.

A USCL shareholder, Ms. Clara Miller, made it known that Mr. Mador allegedly owed her $425,000 resulting from monies she loaned to a pharmacy represented by Mr. Mador and allegedly personally guaranteed by him.

At Mrs. Miller’s request, the law firm of Pillsbury Winthrop sent a letter to Mr. & Mrs. Mador demanding repayment of that money.

Mr. Mador was unable to repay her so the Millers, USCL, and the Madors entered into a global settlement agreement wherein Mr. Mador assigned Mrs. Miller the monies USCL owed Mr. Mador and Mr. Mador transferred all his remaining USCL shares to Mrs. Miller as an accordance satisfaction settlement and Mr. Mador held USCL harmless for any and all future actions.

Mr. Mador retained no interest what so ever in USCL and has had no contact with USCL since that time as of October 2016.

Mr. Mador was represented by Mr. Kirk S. Rimmer, attorney at law during his association with USCL and the action filed against Emily and Tom Tamarkin was filed by Mr. Rimmer who represented Mr. Mador at the settlement “master’s” hearing.