Company: NPWR-WT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001845437-25-000027
Chunk: 50

Company: NET Power Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part II, Item 2
Chunk 50
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 and three months, respectively.  Mr. Allen will be paid $10,000 per month as a retainer pursuant to his consulting agreement.  Mr. Patel will be paid $8,000 per month as a retainer pursuant to his consulting agreement.

Chief Operating Officer Compensation

In connection with his appointment as Chief Operating Officer, on May 7, 2025, our board of directors approved  the following compensation to be paid to Marc Horstman: (i) an annualized base salary of $400,000; (ii) a target annual bonus equal to 60% of his base salary pursuant to our short-term incentive plan; (iii) and an annual equity grant with a grant-date value equal to 180% of his base salary pursuant to the 2023 Omnibus Incentive Plan.  Additionally, Mr. Horstman will participate in our Amended and Restated Executive Severance Plan.

Insider Trading Arrangements

During the three months ended March 31, 2025, none of our directors or “officers” (as such term is defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement” (as each term is defined in Item 408(a) of Regulation S-K).

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Table of Contents

Item 6. Exhibits

Exhibit NumberDescription2.1+Business Combination Agreement, dated as of December 13, 2022, by and among Rice Acquisition Corp. II, Rice Acquisition Holdings II LLC, Topo Buyer Co, LLC, Topo Merger Sub, LLC and NET Power, LLC (incorporated by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K filed with the SEC on December 14, 2022).2.2First Amendment to the Business Combination Agreement, dated as of April 23, 2023, by and among Topo Buyer Co, LLC and NET Power, LLC (incorporated by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K filed with the SEC on April 24, 2023).3.1Certificate of Incorporation of NET Power Inc. (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed with the SEC on June 14, 2023).3.