# EDGAR Filing Document

**Accession Number:** 0001922858
**File Stem:** 0001213900-25-078021
**Filing Date:** 2025-8
**Character Count:** 31100
**Document Hash:** 3dc269f885f390c75aafc734032d776c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-078021.hdr.sgml**: 20250818

**ACCESSION NUMBER**: 0001213900-25-078021

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20250815

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250818

**DATE AS OF CHANGE**: 20250818

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ECD Automotive Design, Inc.
- **CENTRAL INDEX KEY:** 0001922858
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41497
- **FILM NUMBER:** 251228962

**BUSINESS ADDRESS:**
- **STREET 1:** 24 SHIPYARD DRIVE, SUITE 102
- **CITY:** HINGHAM
- **STATE:** MA
- **ZIP:** 02043
- **BUSINESS PHONE:** 929-528-0767

**MAIL ADDRESS:**
- **STREET 1:** 24 SHIPYARD DRIVE, SUITE 102
- **CITY:** HINGHAM
- **STATE:** MA
- **ZIP:** 02043

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EF Hutton Acquisition Corp I
- **DATE OF NAME CHANGE:** 20220411

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the**

**Securities Exchange Act of 1934**

**August 15, 2025**

Date of Report (Date of earliest event reported)

**ECD AUTOMOTIVE DESIGN, INC.**

(Exact Name of Registrant as Specified in its Charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-41497** | **86-2559175** |
| (State or other jurisdiction <br> of incorporation) | (Commission File Number) | (I.R.S. Employer <br> Identification No.) |

---

---

| | |
|:---|:---|
| **4390 Industrial Lane**<br> **Kissimmee, Florida** | **34758** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

Registrant's telephone number, including area code: **(407) 483-4825**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock | ECDA | The Nasdaq Stock Market LLC |
| Warrants | ECDAW | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officer; Compensatory Arrangements of Certain Officers.**

 

*Departure of Chief Financial Officer*

On August 15, 2025, Benjamin Piggott departed from his role as Chief Financial Officer of the Company. Mr. Piggott will transition to a new role as Director of Corporate Development of the Company. In his new position Mr. Piggott will be paid a salary of $225,000 per year plus certain other benefits. A copy of Mr. Piggott's engagement letter is attached hereto as Exhibit 10.1.

 

*Appointment of Chief Financial Officer*

On August 15, 2025, the Board appointed Victoria Hay as the Chief Financial Officer and Principal Financial Officer of the Company. Mrs. Hay, 42, has been the co-owner and President of Flexible Consulting, LLC, a financial and accounting consulting firm, since May 2021. In her capacity as President of Flexible Consulting, LLC, Mrs. Hay has acted as a financial and accounting advisor for numerous companies, including acting as contracted Interim Chief Financial Officer of Nauticus Robotics and Chief Financial Officer of Enovate, an AI company focused on the oil and gas sector. Prior to her time at Flexible Consulting, LLC, Mrs. Hay was at Weatherford International plc (NASDAQ: WFRD) from 2008 to May 2021 in accounting and finance roles of increasing seniority, most recently as the Senior Director – Global Accounting and Reporting Services. Mrs. Hay began her career as a finance analyst with Morgan Stanley. Mrs. Hay is a CIMA chartered accountant and has a BSC (Hon) in Biotechnology and Management from Edinburgh University.

Mrs. Hay, through Flexible Consulting, LLC, will receive cash compensation of $20,000 per month and up to $2,000 per month of expense reimbursement. Mrs. Hay will also be granted $150,000 of common stock of the Company valued and issued on January 2, 2026. A copy of Mrs. Hay's engagement letter is attached hereto as Exhibit 10.2.

There is no arrangement or understanding between Mrs. Hay and any other person pursuant to which she was to be selected as an officer, and there is no family relationship between Mrs. Hay and any of the Company's directors, executive officers, or any person nominated or chosen by the Company to become a director or executive officer.

Since March 2025, the Company has engaged Flexible Consulting, LLC, where Mrs. Hay is President, and which she co-owns, to provide it with accounting and finance services relating to its quarterly and monthly reporting. The total value of services provided to date is $123,000.

**Item 9.01. Financial Statements and Exhibits.**

(c) Exhibits.

The following exhibits are filed as part of, or incorporated by reference into, this Report.

---

| | |
|:---|:---|
| **No.** | **Description of Exhibit** |
| 10.1\* | [Engagement Agreement for Benjamin Piggott, dated August 15, 2025](ea025369301ex10-1_ecdauto.htm) |
| 10.2\* | [Engagement Agreement for Victoria Hay, dated August 15, 2025](ea025369301ex10-2_ecdauto.htm) |
| 104\* | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |

---

\* Filed herewith.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| Dated: August 18, 2025 |  |  |
|  | ECD AUTOMOTIVE DESIGN, INC. | ECD AUTOMOTIVE DESIGN, INC. |
|  | By: | */s/ Scott Wallace* |
|  | Name: | Scott Wallace |
|  | Title: | Chief Executive Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**Dear Ben Piggott,**

It is our pleasure to confirm our offer of employment to you as Director of Corporate Development at E.C.D. Automotive Design reporting to our CEO. The Director of Corporate Development will be a remote position with some visits required to ECD - HQ.

This will be a six month contract with a review period by both employer & employee with the option to extend or cancel at that time. If the contract is terminated by the company and it subsequently closes on an M&A target that was brought forth by the employee, the employee will still be entitled to the 'M&A Bonus' as outlined below.

Your hours of work will be Monday to Friday 8:30am to 5:00pm with a 30-minute unpaid lunch but this is an exempt position and may require additional hours. Your annual salary will be $225,000Per annum. Your start date will be August 15th, 2025.

As part of your benefits aligned to this offer letter you will be offered a one-time share grant of $150,000 worth of shares as discussed in the interview process.

You will be eligible to earn an annual discretionary bonus aligned as below:

**Compensation**

● **Base Salary of $225,000** 

● **ECDA Share Grant from the 2025 Proxy - $150,000** 

● **Healthcare Insurance for Employee and Dependents Covered by Company** 

● **SEC Legal Expenses Covered by the Company** 

● **Per Deal Economics on the Headline Value (M&A Bonus** 

○ 5% of gross on the first $5M

○ 4% of gross on next $5M-$10M

○ 3% of gross on anything over $10M

○ 80% will be paid in cash at closing and 20% paid in cash one year after closing (the Performance Bonus), subject to mutually agreed upon sales and ebitda thresholds achieved by the target company, subject to audit by the employee.

○ Example - Purchase a Storage Asset for $11M

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ 5% \* $5M = $250,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ 4% \* $5M = $200,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ 3% \* $1M = $30,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Total = $480,000

Please see below for an explanation of benefits (can be extended or terminated based on performance):

***Benefits include:***

● 2 paid sick days (subject of sick pay agreement and physician documentation)

● 20 accrued days paid vacation per year and public holidays.

● Medical, Dental and Vision benefits, you and your eligible dependents will be eligible for company medical, dental and vision benefit programs effective with your first day of employment. The company offers a subsidized plan that can be shared with you at your induction.

● You will be able to continue participating in the company's 401(k) program

If you are in accordance and would like to accept the position, please sign below and return to myself at scott@ecdautodesign.com

---

| |
|:---|
| **Signed. Scott Wallace - CEO** |
| /s/ Scott Wallace |
| **Welcome to the team!** |

---

## Exhibit 10.2

**Exhibit 10.2**

AGREEMENT FOR SERVICES

1.0 <u>AGREEMENT</u> 

1.1 This Agreement supersedes previous agreement. This Agreement for Services (the
" **Agreement**") by and between ECD Automotive Design. ()"**Company** "), and Flexible Consulting LLC, a Texas
S-Corporation ()"**Contractor** "), is effective as of August 15, 2025, Contractor and Company are sometime herein referred
to individually as a "**Party**" or collectively, as the "**Parties** ".

1.2 Company will require Victoria Hay, who is an employee of Flexible Consulting,
to be the Chief Financial Officer, Principal Accounting Office and an Officer of the Company. This Agreement does not require exclusivity
of business dealings by either Party. All Services performed by Contractor for Company are subject to this Agreement. Any prior, pre-existing,
additional, or different terms proposed by Contractor at any time are objected to and rejected unless expressly agreed to in writing by
an authorized representative of Company.

2.0 <u>PAYMENT FOR SERVICES</u> 

Company agrees to issue stock of $150,000 valued and issued on January 2, 2026. Monthly compensation will be $20,000 per month for the CFO services with up to $2,000 per month expenses. Invoices are to be delivered to Company monthly – on the 1<sup>st</sup> of the month. All invoices must be itemized and submitted in a form and accompanied by such certification and documentation the Company may request and include, without limitation: (a) a description of the Services performed; (b) hourly charges; and, as applicable; (c) pre-approved charges for mileage and other reimbursable travel-related expenses. Payment for invoices is due within 10 days of the invoice.

3.0 <u>WARRANTIES AND COVENANTS</u> 

3.1 Contractor warrants that it shall perform the Services (a) with due diligence and
in a professional, safe, workmanlike, efficient, and competent manner and with the degree of skill and care ordinarily exercised by members
of Contractor's profession; and(b) in accordance with Company policies,
industry standards, and applicable laws, rules, regulations, orders, and codes.

3.2 If the Services prove to be defective or fail to conform to the Company's
specifications and requirements, then at Company's option, (a) Contractor shall credit or refund to Company the cost of the applicable
Services, (b) Contractor shall immediately re- perform the applicable Services at no additional cost or risk to Company, or (c) Company
may engage another contractor to re- perform such Services, with Contractor being responsible for the costs of such re-performance.

4.0 <u>INDEPENDENT CONTRACTOR</u> 

Contractor shall be an independent contractor with respect to the provision of Services hereunder, and neither Contractor nor anyone employed or hired by Contractor shall be deemed for any purpose to be the employee, agent, servant or representative of Company in the provision of any Services hereunder. Company shall have no direction or control of Contractor or its employees, agents, representatives or suppliers, Company being interested only in the results to be obtained.

5.0 <u>RESPONSIBILITY FOR LOSS, INDEMNITY, RELEASE OF LIABILITY, AND ALLOCATION OF RISK</u> 

5.1 CONTRACTOR SHALL RELEASE, PROTECT, DEFEND, INDEMNIFY, AND HOLD HARMLESS COMPANY
AND ITS AFFILIATES, AND ITS AND THEIR DIRECTORS, OFFICERS, MANAGERS, EMPLOYEES, AGENTS, AND REPRESENTATIVES ("COMPANY GROUP")
FROM AND AGAINST ALL CLAIMS, LIABILITIES, LOSSES, DEMANDS, DAMAGE, LIENS, CAUSES OF ACTION OF ANY KIND, ORDERS, SUBPOENAS, OBLIGATIONS,
COSTS, EXPENSES, ROYALTIES, FEE ASSESSMENTS, DUTIES, CHARGES, PENALTIES, FINES, JUDGMENTS, INTERESTS, AWARDS (INCLUDING REASONABLE ATTORNEY'S
FEES AND COSTS OF LITIGATION) ("CLAIMS") ARISING OUT OF, RELATING TO, OR IN CONNECTION WITH THE SERVICES ON ACCOUNT OF BODILY
INJURY, ILLNESS, OR DEATH, TO, OR DAMAGE TO OR LOSS OF PROPERTY OF, CONTRACTOR AND ITS AFFILIATES, AND ITS AND THEIR CONTRACTORS AND SUBCONTRACTORS,
AND ITS AND THEIR OFFICERS, DIRECTORS, MANAGERS, EMPLOYEES, AGENTS AND REPRESENTATIVES ("CONTRACTOR GROUP") REGARDLESS OF
THE CAUSE OR CAUSES THEROF, INCLUDING WITHOUT LIMITATION, THE NEGLIGENCE (WHETHER SOLE, JOINT, CONCURRENT, COMPARATIVE, CONTRIBUTORY,
ACTIVE, PASSIVE, GROSS, OR OTHERWISE), STRICT LIABILITY, PREMISES LIABILITY, WILLFUL MISCONDUCT, OR OTHER FAULT OF ANY PARTY, INCLUDING,
WITHOUT LIMITATION, ANY OF MEMBER COMPANY GROUP.

5.2 CONTRACTOR SHALL RELEASE, PROTECT, DEFEND, INDEMNIFY, AND HOLD HARMLESS COMPANY
GROUP FROM AND AGAINST ALL CLAIMS ARISING OUT OF, RELATING TO, OR IN CONNECTION WITH ANY ALLEGATION, IN WHOLE OR IN PART, THAT COMPANY
GROUP'S USE OR POSSESSION OF THE SERVICES OR RELATED DELIVERABLES PROVIDED BY CONTRACTOR GROUP INFRINGES, MISAPPROPRIATES, DILUTES,
OR VIOLATES THE INTELLECTUAL PROPERTY RIGHTS OF ANY THIRD PARTY.

6.0 <u>INSURANCE</u> 

6.1 Contractor, at its own expense, shall maintain the insurance set forth below with
reputable insurance companies authorized to do business in the state(s) where the Services are to be performed, or through a self-insurance
program, to support its release, defense, indemnity, and hold harmless obligations assumed in Section 5.0. Such insurance shall support,
but not limit, the indemnity obligations assumed by Contractor herein, except to the extent required by applicable law. If it is judicially
determined that the monetary limits of insurance required under this Section 6.0 or of the release, defense, indemnity, and hold harmless
obligations voluntarily assumed in Section 5.0 exceed the maximum limits permitted under applicable law, said insurance requirements or
indemnities shall automatically be amended to confirm to the maximum monetary limits permitted under such applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Commercial General Liability (CGL)</u> including broad form contractual liability
coverage for Contractor's contractual obligations covered in this Agreement (including "Actions Over" coverage and a
severability of interest's clause), in the amount of $1,000,000 combined single limit per occurrence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Excess Liability Insurance</u> over that required in (b) in the amount of $1,000,000
each occurrence and in the aggregate, specifically including contractual liability coverage for the risks, liabilities, and indemnity
obligations expressly assumed by Contractor under this Agreement.

The Parties agree that the limits of insurance specified in Section 6.1 may be satisfied by any combination of primary and excess coverage.

6.2 To the extent of the risks and liabilities expressly assumed under this Agreement
by Contractor, Contractor shall cause its insurers: (a) to waive all rights of subrogation against Company Group and their respective
underwriters and insurers; (b) to name members of Company Group as an additional insured (except for Workers Compensation coverage); and
(c) to furnish to Company, at such times as the Company may request, a Certificate of Insurance evidencing that the proper insurance has
been obtained. To the extent of the risks and liabilities expressly assumed by Contractor under this Agreement, Contractor' insurance
provided under this Agreement shall be primary and non-contributory. All premiums, deductibles, and self-insured amounts shall be at the
sole cost and expense of Contractor. The failure by Contractor to: (i) secure the insurance coverages required under Section 6.1, (ii)
comply fully with any of the insurance provisions of this Agreement, or (iii) secure endorsements on the insurance policies as may be
necessary to comply with the provisions of this Agreement shall in no way relieve Contractor from its obligations hereunder.

7.0 <u>CONFIDENTIAL INFORMATION</u> 

7.1 Except as otherwise provided herein, Confidential Information of the Disclosing
Party (as each of those terms are defined below) shall be held in strict confidence by the Receiving Party (as defined below) and used
only for purposes of this Agreement, and no Confidential Information of Disclosing Party, including, without limitation, the provisions
of this Agreement, shall be disclosed by the Receiving Party, its agents or employees, without the prior written consent of the Disclosing
Party, except as may be necessary by reason of legal, accounting, or regulatory requirements beyond the reasonable control of the Receiving
Party. The Receiving Party shall use commercially reasonable efforts to protect the secrecy and avoid unauthorized disclosure and use
of the Confidential Information of the Disclosing Party and shall take at least those measures that Receiving Party uses to safeguard
its own confidential, proprietary, privileged, and trade secret information. Without limiting the Receiving Party's obligations
under this Section 7.0, the Receiving Party may disclose the Confidential Information of the Disclosing Party to the Receiving Party's
directors, officers, employees, agents, consultants, contractors, and subcontractors who have a need to know such information for the
purposes of this Agreement ()"**Related Party** "), *provided that*, such persons have signed a non-use and non- disclosure
agreement in content similar to the provisions of this Agreement or are otherwise legally obligated not to disclose or use such Confidential
Information, prior to any disclosure of such Confidential Information to such persons. The Receiving Party shall diligently enforce any
and all confidentiality agreements with, and the non-disclosure and non-use obligations of, its Related Parties and shall be responsible
for any breach of the confidentiality obligations and restrictions on use set forth herein by any of its Related Parties. The Receiving
Party shall (a) notify the Disclosing Party immediately of any unauthorized possession, use, or knowledge of the Disclosing Party's
Confidential Information; (b) promptly furnish the Disclosing Party full details of such possession, use, or knowledge; and (c) cooperate
with the Disclosing Party in any litigation against third parties as may be deemed reasonably necessary by the Disclosing Party to protect
its proprietary rights in its Confidential Information.

7.2 If the Receiving Party must disclose any Confidential Information of the Disclosing
Party pursuant to applicable law or regulation or by operation of law, the Receiving Party may disclose only such information as, in the
opinion of counsel, is legally required, and *provided, further*, the Receiving Party shall, to the extent reasonably possible, provide
reasonable advance notice to the Disclosing Party of such requirement in order to allow the Disclosing Party to seek, at its expense,
a protective order, and the Receiving Party shall, at the Disclosing Party's expense, reasonably cooperate with the Disclosing Party's
efforts to seek such a protective order. Any disclosure pursuant to this Section 7.2 by the Receiving Party of the Disclosing Party's
Confidential Information, in no way, shall be deemed to change, affect, or diminish the confidential and proprietary status of such Confidential
Information. Notwithstanding anything elsewhere in these Terms, the terms of this Section 7.0 shall apply to Confidential Information
of the Disclosing Party amounting to a trade secret for as long as such information remains a trade secret under applicable law and shall
survive the termination of this Agreement.

7.3 In response to a request by the Disclosing Party, the Receiving Party agrees to,
and to cause all of its Related Parties to, promptly return or destroy any samples, documents, or other physical Confidential Information
of the Disclosing Party and any notes, abstracts, computer files and libraries, and any other materials that contain the Disclosing Party's
Confidential Information, and provide an affidavit confirming the complete return or destruction of such Confidential Information; *provided, however,* the Receiving Party may keep Confidential Information that has been electronically archived for so long as such archived
files are retained by the Receiving Party in the normal course of business and *provided further* that the Receiving Party continues
to treat such Confidential Information in accordance with the obligations of this Agreement and the Receiving Party does not obtain such
Confidential Information from such archived files.

7.4 The Disclosing Party's Confidential Information may be of a special, unique,
unusual, extraordinary, and intellectual character. The Receiving Party therefore understands and agrees that a violation or breach of
its obligations under this Section 7.0, or any threat thereof, may produce irreparable damage and immediate injury to the Disclosing Party.
In the event of a breach or threatened breach of Receiving Party's obligations under this Section 7.0, the Disclosing Party shall
be entitled to seek injunctive relief to enjoin and restrain such breach. Such equitable remedies shall be in addition to and not in lieu
of any damages to which a Party may be entitled by law as a result of such violation or breach.

7.5 The foregoing provisions of this Section 7.0 shall not apply to information (a)
in the public domain through no fault of Receiving Party, (b) the Receiving Party had in its possession prior to receiving it from the
Disclosing Party (as evidenced by dated documentation), (c) the Receiving Party obtained from a third party who rightfully acquired such
information and Receiving Party has the right, without obligation to the third party, to transfer or disclose the information, or (d)
the Receiving Party independently developed without reference to the information received from the Disclosing Party (as evidenced by dated
documentation).

7.6 Without limiting Contractor's obligations under this Section 7.0, Contractor
acknowledges, understands, and agrees that all Contractor Group personnel performing the Services may be required to execute a copy of
the Company's standard form of Confidentiality and Intellectual Property Agreement (Third Party) and Company's Acceptable
Use Policy prior to performing Services under this Agreement.

7.7 For the purposes of this Section 7.0, "**Confidential Information** "
means any and all information that is not otherwise publicly available (other than as a result of unauthorized disclosure) and is directly
or indirectly communicated by or on behalf of a Party (as the "**Disclosing Party**") to the other Party (as the "**Receiving Party** "), including, without limitation, engineering, geophysical, geological, marketing and financial information, software,
source code, technical information, analysis, drawings, data, computer programs, the identity of customers or vendors, information regarding
the nature and location of performance of the Services and the Disclosing Party's business plans, processes, procedures, trade secrets
and know-how, whether such information be written, oral or in magnetic, optical, photographic, electronic, or other format.

8.0 <u>ASSIGNMENT AND SUBCONTRACTING</u> 

Contractor shall not assign this Agreement or assign or subcontract all or any part of the Services without the prior written consent of Company.

9.0 <u>TERMINATION</u> 

9.1 This Agreement shall remain in effect until terminated by giving the other Party
thirty (30) days written notice; *provided, however*, this Agreement will govern any Services remaining to be performed at the time
of termination, and such termination shall not affect any rights or obligations that expressly or by their nature survive termination,
including without limitatio n, payment obligations and obligations set forth in Section 3.0 (Warranties and Covenants), Section 5.0 (Responsibility
for Loss, Indemnity, Release of Liability and Allocation of Risk), and Section 7.0 (Confidential Information).

10.0  **<u>EQUAL OPPORTUNITY</u>** 

**If applicable, Company and Contractor's contractors and subcontractors shall abide by the requirements of 41 CFR 60-1.4(a), 60-300.5(a) and 60-741.5(a). These regulations prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on their race, color, religion, sex, sexual orientation, gender identity or national origin. Moreover, these regulations require that prime contractors and subcontractors take affirmative action to employ and advance in employment individuals without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.**

11.0  **<u>HEALTH, SAFETY AND ENVIRONMENT; WORKING CONDITIONS GUIDELINES</u>** 

Company has determined requirements for the contractors and suppliers it engages, with a view to establishing a relationship that promotes responsible social, environmental, and economic practices in a collaborative manner. At a minimum, all of Company's contractors and suppliers are required to comply with the laws, rules, and regulations of the countries in which they operate. In addition, where industry guidelines exist and require a higher standard than local laws require, such industry guidelines should be adhered to, including compliance with guidelines on freely chosen employment, forced labor, child labor, discrimination, harsh or inhumane treatment, minimum wages, working hours, and freedom of association. Contractor shall show an active commitment to (a) the protection of people at all times and in all circumstances, including the provision of adequate controls to protect people from exposure to physical, chemical, biological, and psychosocial hazards in the workplace; and (b) the protection of the environment by minimizing Contractor's impact on the environment through pollution prevention, control of emissions, and the efficient use of natural resources and the reduction and recycling of waste. Company expects its contractors and suppliers to understand Company's expectations and act in a way that is consistent with the Company's Code of Business Conduct and Ethics and Human Rights Policy, each of which will be provided upon request.

12.0 <u>HIRING OF CONTRACTOR EMPLOYEES</u> 

Company will not hire any of Contractor's employees during the term of this Agreement without Contractor's written consent. Should Company elect to hire any of Contractor's employees, a fee of $10,000 will be payable to Contractor upon such employee completing their first 30 days as a permanent employee with the Company.

13.0 <u>GOVERNING LAW</u> 

This Agreement shall be governed by and construed in accordance with the laws of the State of Texas without regard to any choice of law or conflicts of law provisions, and each Party agrees that venue shall lie exclusively in Harris County, Texas.

14.0 <u>GENERAL</u> 

This Agreement constitutes the Parties' entire agreement with respect to the subject matter hereof. No amendment or modification of this Agreement shall be effective unless in writing and signed by an authorized representative of Company and Contractor. If any term or condition herein shall be held invalid, unenforceable, or against public policy, such term or condition shall be deemed severable, and the validity, binding effect, and enforceability of the remaining provisions shall not be affected. Failure of Company or Contractor to enforce any of the terms and conditions herein shall not prevent a subsequent enforcement of such terms and conditions or be deemed a waiver of any subsequent breach.

15.0 <u>EXECUTION AND DELIVERY</u> 

This Agreement may be executed in any number of counterparts and each such counterpart shall be deemed an original of this Agreement for all purposes but shall not be effective until each Party has executed at least one counterpart. This Agreement may be executed and delivered by electronic means (including Adobe Portable Document Format (PDF) and the like).

EXECUTED by a duly authorized representative of Company and Contractor.

---

| | | | |
|:---|:---|:---|:---|
| CONTRACTOR: | CONTRACTOR: | COMPANY: | COMPANY: |
| Flexible Consulting LLC | Flexible Consulting LLC | ECD Automotive Design | ECD Automotive Design |
| Signature: | /s/ Alexander Ewan Hay | Signature: | /s/ Scott Wallace |
| Printed Name: Alexander Ewan Hay | Printed Name: Alexander Ewan Hay | Printed Name: Scott Wallace | Printed Name: Scott Wallace |
| Title: Director of Operations | Title: Director of Operations | Title: CEO | Title: CEO |
| Date: [ ] 8/15/2025 | Date: [ ] 8/15/2025 | Date: [ ] 8/15/20 | Date: [ ] 8/15/20 |

---