Company: VYND
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001079973-25-001679
Chunk: 9

Company: Vynleads, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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  if Mr. Mannine’s employment is terminated as a result of his death or disability, he is entitled to receive his base salary and a pro-rata annual bonus, if any, based on the year during which s...  
  if we should terminate Mr. Mannine for “cause,” or if he voluntarily terminates the agreement, he is entitled to receive his base salary only through the date of termination, and he is not be e...  

The employment agreement with Mr. Mannine contains
customary confidentiality, non-compete and indemnification clauses.

On September 21, 2020, Mr. Mannine voluntarily
agreed to cancel the employment agreement and waive all cash due and any related accruals. During the nine months ended September 30,
2025 and 2024, $97,500and $97,500, respectively, is recorded as in-kind contribution of service provided by Mr. Mannine (See Notes 4
and 9).

Commitments

On May 21, 2018, we entered into an Amended and
Restated Strategic Financing & Corporate Development Agreement with CRG which was amended and restated an earlier agreement entered
into in October 2017. We have engaged this company to serve as our non-exclusive strategic financing and corporate development services
provider and to render certain advice and services to us as we may reasonably request concerning equity or debt financings, strategic
planning, merger and acquisition possibilities, and business development activities. The scope of services under this agreement also includes
introducing us to one or more non-U. S. persons, as that term is defined in Regulation S under the Securities Act, in connection with possible
debt or equity financings or potential lenders. The initial term of the agreement expired in May 2019, but pursuant to the terms of the
agreement, renews automatically for one-year periods unless notice of non-renewal is provided by either party at least 30 days prior to
the renewal term commencement. The agreement expired in May 2024.

As compensation under the terms of this agreement,
we agreed to pay CRG Finance AG certain fees for transactions which are consummated during the term of the agreement and for a one year
period following the termination of the agreement, including:

  a fee equal to 7% of the proceeds