Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 896

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9B
Chunk 896
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 offered to and our Chairman and CEO has accepted an offer letter,
dated June 14, 2024, which provides that Mr. Snyder shall receive a monthly cash compensation of $7,500 among from the
date of the offer letter until the earlier of (i) the termination of the offer letter; (ii) the date that the Company consummates
an initial business combination; (iii) the date the Company is wound up; or (iv) the date that he vacates his positions or he
is removed or disqualified from his positions pursuant to the Company’s memorandum and articles of association.

We have also offered to and our CFO has accepted an offer letter, dated
May 25, 2024, which provides that Ms. Jia shall receive a monthly cash compensation of $5,000 among from the date of the offer
letter until the earlier of (i) the termination of the offer letter; (ii) the date that the Company consummates an initial business
combination; (iii) the date the Company is wound up; or (iv) the date that he vacates his positions or he is removed or disqualified
from his positions pursuant to the Company’s memorandum and articles of association.

Other than as set forth elsewhere in this report, none of our executive
officers or directors have received any cash compensation for services rendered to us. Our insiders, or their respective affiliates will
be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target
businesses and performing due diligence on suitable initial business combinations. Our audit committee will review on a quarterly basis
all payments that were made by us to our sponsor, executive officers or directors, or their affiliates. Any such payments prior to an
initial business combination will be made using funds held outside the trust account. Other than quarterly audit committee review of such
reimbursements, we do not expect to have any additional controls in place governing our reimbursement payments to our directors and executive
officers for their out-of-pocket expenses incurred in connection with our activities on our behalf in connection with identifying and
consummating an initial business combination. Other than these payments and reimbursements, no compensation of any kind, including finder’s
and consulting fees, will be paid by the company to our sponsor, executive officers and directors, or their respective affiliates, prior
to completion of our initial business combination.

Policy
for Approval of Related Party Transactions

The