TEN Holdings CFO Virgilio Torres steps down; Ian Lawson named interim CFO under Everest Advisors pact

TEN Holdings, Inc.

Torres resigned as CFO, principal financial and principal accounting officer effective Sept 30, 2026, to focus on his CEO duties; Board said the change was not due to any disagreement.
Board appointed Ian Lawson, 59, an Everest Advisors LLC managing director and California-licensed CPA, as Interim CFO and principal financial/accounting officer, effective Sept 30, 2026.
Consulting Agreement pays Everest a flat $4,000 per month covering up to 12 hours; overage billed at $350/hour needs prior written CEO approval; either party may terminate on 30 days' notice.
If the Company hires Lawson, Everest is owed 25% of his first-year annualized fees, refundable in full if he is terminated for good reason within the first 90 days.
Principal executive office relocated to c/o Studio 1 Rockefeller Plaza, 2nd Floor, New York, NY 10020, from 1170 Wheeler Way, Langhorne, PA 19047.

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