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Re: stockforce post# 189102

Wednesday, 05/24/2023 12:27:25 PM

Wednesday, May 24, 2023 12:27:25 PM

Post# of 195035
What will NextPlat do after it spins off Telesat/Satcom? Ellenoff will be the one introducing new partnerships and other opportunities to NextPlat. "12 or more potential Business Transactions per year". See his 3-year employment agreement filed on August 24, 2021:

"(B) Options to purchase 750,000 Shares shall vest at the rate of 250,000 per year on each of the first three anniversaries of the Effective Date if the following vesting conditions were satisfied during the prior year: Mr. Ellenoff shall have introduced the Corporation to twelve (12) or more potential Business Transactions (defined below) intended to expand the business of the Corporation during the preceding year, one of which the Chief Executive Officer (“CEO”) determined was sufficiently of interest to the Corporation to cause an in person or virtual meeting with the relevant parties. Potential Business Transactions could consist of US-based or international license, distribution, joint venture, partnership, acquisition, merger, asset purchase, or capital stock exchange, opportunities."

https://www.sec.gov/Archives/edgar/data/1058307/000149315222002407/ex10-1.htm
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