EX-10.31
from S-4/A
2 pages
June 4, 2025 Dear Scott, Angel Studios Is Pleased to Offer You a Full-Time Position as the Chief Financial Officer. We Know That Your Knowledge, Skills, and Experience Will Be a Great Asset to Our Team, and We Look Forward to Working Together to Amplify Light! We Are Excited to Offer You the Following Compensation: ● Annual Salary: $295,000 Paid in Biweekly Installments (Up to 26 Payments Per Calendar Year) by Your Choice of Check or Direct Deposit. ● Stock Options: 50,000 Angel Stock Options, Pending Board Approval. Twenty-Five Percent (25%) of the Options Shall Vest on the One-Year Anniversary of the Vesting Commencement Date, and 1/36 of the Remaining Options Shall Vest Each Month Thereafter on the Same Day. ● Performance Options: 15,000 Performance Bonus Plan Options, Pending Board Approval and Vesting According to Company Valuation Benchmarks. ● Benefits: Angel-Provided Benefits Include: ● Eligibility for Company Funded Medical, Dental, Vision, Short-Term, and Long-Term Disability Plans ● 401(k) Program With Matching ● Flexible Work Schedule ● Generous Paid Time Off We Recognize You’re Coming From a Strong Compensation Structure, and We Want to Respect That With the Exciting Upside That Comes Through Angel's Equity Package. More Importantly, as a Key Leader, You’ll Directly Influence the Company’s Trajectory and the Significant Growth of This Equity. We Hope That You Will Accept This Offer to Join Our Team, Contingent Upon Your Completion of All Pre-Hire and Onboarding Requirements. Please Call Me if You Have Questions or Concerns. Sincerely, /S/ Neal Harmon Neal Harmon CEO Angel Studios Additional Details:
12/34/56
