Acorn Energy enters new consulting agreement with CEO Jan H. Loeb; monthly cash compensation $26,780 plus option grant

ACORN ENERGY, INC.

Jan H. Loeb continues as President & CEO of Acorn Energy and Acting CEO of OmniMetrix under a consulting agreement effective Jan 1, 2025 through Dec 31, 2025.
Monthly cash compensation: $16,780 for CEO role plus $10,000 for Acting CEO role at OmniMetrix, total $26,780 per month.
Granted options to purchase 2,200 shares of common stock at $17.50 per share; 25% vested immediately, remainder vesting quarterly on April 1, July 1, and October 1, 2025.
Loeb remains an independent contractor, not an employee, and may pursue other outside activities including Leap Tide.
Either party may terminate early: Loeb on 30 days' notice, Company on 15 days' notice; accrued compensation remains payable.

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