Franklin Wireless renews CEO OC Kim's employment for 3 years at $300k salary; change-of-control payout of $5M set

FRANKLIN WIRELESS CORP

CEO OC Kim's management agreement renewed for three years (Oct 1, 2021 – Sep 30, 2024) with $300,000 annual salary plus $700/month car allowance.
Upon a change of control, CEO OC Kim receives $5,000,000 lump sum plus full acceleration of unvested stock options.
COO David Lee also received a renewed change-of-control agreement on the same date.
Both agreements are effective October 1, 2021 and contain binding arbitration and California governing law.

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