CitroTech CTO Stephen Conboy resigns, transitions to advisor with equity and product sales rights

CitroTech Inc.

Conboy resigned as CTO effective March 31, 2026; serves as outside advisor to CEO during 90-day transition ending June 30, 2026.
Receives $10,000/month during transition and up to $200,000 in product advances; post-transition, exclusive sales rights in CA's Lake Tahoe area with minimum $500K sales in 2026.
Company may buy back up to $1M of Conboy's shares upon closing $10M+ financing; Conboy gets annual $1.5M restricted shares starting when CitroTech exceeds $10M revenue, up to $7.5M.
Post-transition, Conboy may purchase products at preferred pricing; affiliate agreement for 5% commission on net sales in defined territory.
Agreement includes broad release, five-year non-solicit, indefinite non-compete (except carve-out), and $1M liquidated damages per breach.

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