Veritone Inc (VERI)

[GBR]

2. Services. The Services will include such technical advisory services related to the Company’s software, software architecture and technology strategy that may be requested by the Company’s Chief Executive Officer (“CEO”) from time to time, including without limitation, (i) regular architectural reviews for the Company’s aiWARE platform; (ii) review of product development initiatives across the Company; and (iii) quarterly technical assessments of key technological advancements in the field of artificial intelligence.

For the avoidance of doubt, Consultant shall no longer have day-to-day oversight, management or responsibility for the Company’s aiWARE production systems, product roadmap, budget or personnel, except as may be requested by the CEO.

Like you say, what does Al Brown do? Why can't Al Brown perform the above duties?


It looks to me like maybe there has been a rift between Chad and the rest of the Board, including his brother. Chad thought aiWare was going to save the world. Ryan and the Board had to pursue a more realistic strategy. They gave Chad a year as a consultant to try to do something with aiWare. Nothing happened. Now just paying him off.