Company: MYSEW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110045
Chunk: 120

Company: Myseum, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 120
---
 in the Employment Agreement), then for a period of 24 months following
Mr. Myman’s termination he will be obligated to pay only the portion of the full COBRA Rights cost of the coverage equal to an active
employee’s share of premiums (if any) for coverage for the respective plan year; and (iii) payment on a pro-rated basis of any Annual
Bonus or other payments earned in connection with any bonus plan to which Mr. Myman was a participant as of the date of his termination
(together with the Payments, the “Severance”). Furthermore, pursuant to the Employment Agreement, upon Mr. Myman’s termination
(i) at his option (A) upon 90 days prior written notice to the Company or (B) for Good Reason (as defined in the Employment Agreement),
(ii) termination by the Company without Cause (as defined in the Employment Agreement) or (iii) termination of Mr. Myman’s employment
within 40 days of the consummation of a Change in Control Transaction (as defined in the Employment Agreement), Mr. Myman shall receive
the Severance; provided, however, Mr. Myman shall be entitled to a pro-rated Annual Bonus of at least $200,000. In addition, any equity
grants issued to Mr. Myman shall immediately vest upon termination of Mr. Myman’s employment by him for Good Reason or by the Company
at its option upon 90 days prior written notice to Mr. Myman, without Cause. 

During the nine months ended September 30, 2025
and 2024, the compensation committee of the board of directors of the Company approved and the Company recorded a bonus to the Company’s
chief executive officer in the amount of $350,000 and $300,000, respectively.

22

MYSEUM, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025 AND 2024

(Unaudited)

Chief Executive Officer of RPM Interactive

On April 8, 2025, RPM Interactive entered into
an employment agreement (the “Matthews Employment Agreement”) with Michael Mathews to serve as the Chief Executive Officer
of RPM Interactive, effective upon the closing of RPM Interactive’s initial public offering. Pursuant to the Matthews Employment
Agreement, Mr. Mathews shall receive an annual base salary of $300,000 and a New York housing allowance of $7,000