leadership
confidence high
sentiment neutral
materiality 0.60
Mycotopia Therapies appoints Benjamin Kaplan as CEO; $24k/mo consulting fee, 5% equity warrants
AIBOTICS, INC.
- CEO appointment effective Jan 19, 2021; initial 36-month term with automatic 12-month renewal.
- Monthly consulting fee of $24,000; expense allowance of $7,000 per month; disability insurance provided.
- Equity compensation includes warrants for 5% of fully diluted shares as bonus milestones and a 5% stock grant on significant transactions.
- Termination without cause triggers a severance equal to three years of total compensation (fees, bonuses, equity grants, insurance).
- Agreement includes standard non-compete, non-solicitation, and confidentiality covenants.