Omnitek renews CEO employment for 3 years; grants 300,000 stock options to CEO and 50,000 each to two directors

Omnitek Engineering Corp

Renewed employment agreement with Werner Funk as President/CEO for 3-year term through May 3, 2027, with $150,000 annual base salary.
Granted CEO option to purchase 300,000 shares at $0.015 (110% of May 3 close), vesting 1/36 monthly over 3 years, exercisable for 7 years.
On April 25, 2024, granted independent directors Gary S. Maier and John M. Palumbo each options for 50,000 shares at $0.0160, immediately vested, 7-year term.
Also on April 25, granted CEO Funk (as director) option for 50,000 shares at $0.0176 (110% of close), immediately vested, 7-year term.

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