Company: MYSEW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044159
Chunk: 40

Company: Myseum, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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, COBRA premium subsidies for the same period. In addition, in the event of a Change in Control or a qualifying
termination, any equity awards previously granted to Mr. Linsley shall become fully vested.

Chief Technology Officer of RPM Interactive

On April 8, 2025 (the “Effective Date”),
RPM Interactive entered into an employment agreement (the “Warren Employment Agreement”) with Daniel Warren, pursuant to which
Mr. Warren was appointed as Chief Technology Officer of RPM Interactive, effective upon the closing of RPM Interactive’s initial
public offering. Under the Warren Employment Agreement, Mr. Warren will receive an annual base salary of $250,000 and is eligible to receive
a discretionary annual bonus based on individual and Company performance as determined by the Board of Directors (the “Board”)
such as development milestones, technology integration, and platform scalability. The Employment Agreement has an initial term of one
(1) year and renews automatically for successive one-year periods unless either party provides at least thirty (30) days’ written
notice prior to the expiration of the then-current term.

In the event Mr. Warren’s employment is
terminated by RPM Interactive without Cause, by Mr. Warren for Good Reason, or as a result of death or Total Disability, he shall be entitled
to: (i) accrued compensation and unused vacation; (ii) reimbursement of unreimbursed expenses; (iii) six months of base salary continuation;
and (iv) subsidized COBRA coverage for the salary continuation period. In addition, all unvested equity awards shall become fully vested
upon a Change in Control or termination by RPM Interactive without Cause or by Mr. Warren for Good Reason.

Lease

On April 24, 2025, the Company entered into a
fourth amendment to its lease that expired on December 31, 2024, whereby the Company relocated to new premises effective on May 1, 2025.
Pursuant to the amended lease, the lease term commenced on May 1, 2025 and shall expire on May 31, 2029. Effective May 1, 2025, the Company
shall pay a monthly base rent of $6,417. The base rent was subject to 3% annual increases as defined in the lease agreement. In addition
to the monthly base rent, the Company is charged separately for common area maintenance which is considered a non-lease component. These
non-lease component payments are expensed as incurred and