CWCO amends EVP/COO Jerrybandan's contract; salary to $389,630, 2x severance on change of control

Consolidated Water Co. Ltd.

Base salary set at $389,630 per annum, payable semi-monthly.
New termination provisions for death, bankruptcy, felony, or material harm after 10-day notice.
Change-of-control severance: within one year post-change, receives 2x base salary plus accrued compensation.
CEO determines annual extension by Aug 31; if not extended, severance = base salary for that year or Labour Act minimum, whichever greater.
Amendment effective Sept 9, 2022; all other original agreement terms unchanged.

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