NOTE 14 - COMMITMENTS AND CONTINGENCIES

Employment Agreements

Stephen Morris, Founder, Chief Executive Officer, and Director

On December 31, 2023, the Company entered into a Second Amended Employment Agreement with Stephen Morris to reduce his base pay from $450,000 to $90,000 per annum and forfeit $270,000 of deferred compensation. Payments are withheld until the Company secures $2 million in funding.

David Chetwood, Chief Financial Officer and Director

On December 31, 2023, the Company entered into a Second Amended Employment Agreement with David Chetwood to reduce his base pay from $450,000 to $180,000 per annum and forfeit $236,200 of deferred compensation.

On October 17, 2024, the Company entered into a Third Amended Employment Agreement with David Chetwood, reducing his base pay from $180,000 to $90,000 per annum. Payments are withheld until the Company secures $2 million in funding.

Patrick Ensor, Chief Revenue Officer and Director

On August 5, 2025, the Company entered into an Employment Agreement with Mr. Patrick Ensor, which provides him with an annual salary of $90,000, payable in monthly installments. Payments will be $3,750 per month, representing a half-rate reduction, until the Company secures $2 million in funding.

Manfred Ebensberger, Former Chief Executive Officer and Director

On October 17, 2024, the Company entered into an Executive Consulting Agreement with Manfred Ebensberger, Former Chief Executive Officer, under which he is paid $90,000 annually. Payments are withheld until the Company secures $2 million in funding.

Mr. Ebensberger resigned on January 14, 2025.

Tom Symonds, Former Chief Executive Officer and Director

On January 15, 2025, the Company entered into an Executive Employment Agreement with Tom Symonds, Former Chief Executive Officer, under which he is paid an annual salary of $90,000. Payments are withheld until the Company secures $2 million in funding.

Mr. Symonds resigned on June 11, 2025.

We may occasionally become involved in various claims and legal proceedings that are considered normal and incidental to our business. These might include product liability, intellectual property, employment issues, personal injury claims from our employees’ actions, and other general claims. Regardless of the outcome, litigation can adversely affect us, including increased defense costs and settlements, diversion of management resources, and other impacts. As of June 30, 2026, the Company has not accrued any liabilities for loss contingencies, as no outstanding claims are deemed probable and reasonably estimable under ASC 450.