Company: MYSEW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044159
Chunk: 100

Company: Myseum, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 100
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   Balance on March 31, 2025   67,385    49.80    1.40   Warrants exercisable on March 31, 2025   67,385   $49.80    1.40  

On March 31, 2025, the aggregate intrinsic value
of warrants outstanding was $0.

18 

DATCHAT, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2025 AND 2024

(Unaudited)

NOTE 9 – COMMITMENTS AND CONTINGENCIES

Operating Lease Agreement

See Note 6 for disclosure on the Company’s
operating lease for its offices.

Employment Agreement

On August 27, 2021 (the “Effective Date”),
the Company entered into an agreement (the “Employment Agreement”) with Darin Myman effective as of August 15, 2021 pursuant
to which Mr. Myman’s (i) base salary will increase to $450,000 per year, and (ii) Mr. Myman may be entitled to receive an annual
bonus in an amount up to $350,000, which annual bonus may be increased by the Compensation Committee of the Board of Directors of the
Company (the “Compensation Committee”), in its sole discretion, upon the achievement of additional criteria established by
the Compensation Committee from time to time (the “Annual Bonus”).  The Employment Agreement provides for a term of one
(1) year (the “Initial Term”) from the date of the Effective Date and shall automatically be extended for additional
terms of one (1) year each (each a “Renewal Term”) unless either party gives prior written notice of non-renewal to
the other party no later than six (6) months prior to the expiration of the Initial Term, or the then current Renewal Term, as the case
may be. In addition, pursuant to the Employment Agreement, upon termination of Mr. Myman’s employment for death or Total Disability
(as defined in the Employment Agreement), in addition to any accrued but unpaid compensation and vacation pay through the date of his
termination and any other benefits accrued to him under any Benefit Plans (as defined in the Employment Agreement) outstanding at such
time and the reimbursement of documented, unreimbursed expenses incurred prior to such termination date (collectively, the “Payments”),