NewLake Capital enters new employment agreement with CEO Anthony Coniglio for one-year term starting March 18, 2024

NewLake Capital Partners, Inc.

New employment agreement with CEO Anthony Coniglio replaces prior three-year term with a one-year term beginning March 18, 2024.
Base salary remains $400,000; target annual bonus of $300,000 (75% of base) with max of $600,000.
Severance on termination without cause or for good reason includes 2x (base + target bonus), equity vesting, and 18 months COBRA.
Prior agreement expired; non-renewal was mutual and not due to any disagreement.
Agreement automatically renews for one-year periods unless 90 days notice given.

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