Company: WKSP
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000850
Chunk: 630

Company: Worksport Ltd
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9C
Chunk 630
---
  
    Non-Equity
                                            Incentive Plan Compensation ($)  
    All
                                            Other Compensation ($)  
    Total ($) 
  
    Craig Loverock 
     21,233(1) 
     -  
     3,845(3) 
             -  
     -  
     25,078 
  
    William Caragol 
     45,000  
     -  
     3,845(3) 
     -  
     -  
     48,845 
  
    Ned L. Siegel 
     50,000  
     -  
     3,845(3) 
     -  
     -  
     53,845 
  
    Lorenzo Rossi 
     211,814(2) 
     -  
     -  
     -  
     3,138(2) 
     214,952 

(1)
Payments were made in CAD and converted to USD per the exchange rate as of the date of each bill payment, of which include $11,542, $11,431,
and $5,798 on January 12, 2024, June 7, 2024, September 5, 2024, respectively.

(2)
Lorenzo Rossi’s gross compensation in 2024 was $211,814 ($290,065 CAD). He
additionally received contributions towards health, dental, and vision coverage equaling $3,138 ($4,297 CAD) in the same year. The payments
were made in CAD, of which was converted to USD using the 2024 average exchange rate of 0.730228.

(3)
During the year ended December 31, 2024, each of the three independent directors were granted 2,500 shares of common stock issuable upon
the exercise of vested options at a price of $7.042 per share until July 23, 2034.

Clawback
Policy

On
October 2, 2023, our Board adopted an executive compensation recoupment policy consistent with the requirements of the Exchange Act Rule
10D-1 and the Nasdaq listing standards thereunder, to help ensure that incentive compensation is paid based on accurate financial and
operating data, and the correct calculation of performance against incentive targets. Our policy addresses recoupment of amounts from
performance