EX-10.1
from 8-K
~1
page
Dear Ben Piggott, Compensation ● Base Salary of $225,000 ● ECDA Share Grant From the 2025 Proxy - $150,000 ● Healthcare Insurance for Employee and Dependents Covered by Company ● SEC Legal Expenses Covered by the Company ● Per Deal Economics on the Headline Value (M&A Bonus ○ 5% of Gross on the First $5m ○ 4% of Gross on Next $5m-$10m ○ 3% of Gross on Anything Over $10m ○ 80% Will Be Paid in Cash at Closing and 20% Paid in Cash One Year After Closing (The Performance Bonus), Subject to Mutually Agreed Upon Sales and EBITDA Thresholds Achieved by the Target Company, Subject to Audit by the Employee. ○ Example - Purchase a Storage Asset for $11m ■ 5% * $5m = $250,000 ■ 4% * $5m = $200,000 ■ 3% * $1m = $30,000 ■ Total = $480,000 Please See Below for an Explanation of Benefits (Can Be Extended or Terminated Based on Performance): Benefits Include: ● 2 Paid Sick Days (Subject of Sick Pay Agreement and Physician Documentation) ● 20 Accrued Days Paid Vacation Per Year and Public Holidays
12/34/56