SEC Contract Filing

Filing Date: 2025-04-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>7
<FILENAME>ex10x6.htm
<DESCRIPTION>PERFORMANCE-BASED CASH AWARD AGREEMENT WITH BRIAN KROGOL
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<P STYLE="margin: 0; text-align: right">Exhibit 10.6</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><B>PERFORMANCE-BASED CASH AWARD AGREEMENT<BR>
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</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Performance-Based Cash Award
Agreement (this &ldquo;Agreement&rdquo;), dated as of March 31, 2025 (the &ldquo;Date of Grant&rdquo;), is made by and between Standard
Premium Finance Holdings, Inc., a Florida corporation (the &ldquo;Company&rdquo;), and Brian Krogol (the &ldquo;Participant&rdquo;). Capitalized
terms not defined herein shall have the meaning ascribed to them in the Standard Premium Finance Holdings, Inc. 2019 Equity Incentive
Plan (as amended and/or restated from time to time, the &ldquo;Plan&rdquo;). Where the context permits, references to the Company shall
include any successor to the Company.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify; text-indent: 0.5in">1. <U>Grant of Awards</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify; text-indent: 1in">(a) The Company hereby grants
to the Participant a cash-based Performance Award (the &ldquo;Award&rdquo;) representing the right to receive a target cash payment of
$175,000 (the &ldquo;Target Award&rdquo;) under the Plan. The Award is comprised of four tranches (each a &ldquo;Tranche&rdquo;), each
of which shall be subject to the applicable performance criteria set forth below and the terms and conditions of the Plan and this Agreement.</P>

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 <TD COLSPAN="3" STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding-right: 1pt; padding-left: 1pt">&nbsp;</TD>
 <TD COLSPAN="3" STYLE="vertical-align: bottom; border-top: black 1pt solid; border-left: black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif; padding: 1.5pt 1pt 5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>% of Target Award</B></FONT></TD>
 <TD COLSPAN="3" STYLE="vertical-align: bottom; border-top: black 1pt solid; border-left: black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif; padding: 1.5pt 1pt 5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Performance Criteria</B></FONT></TD>
 <TD COLSPAN="3" STYLE="vertical-align: bottom; border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif; padding: 1.5pt 1pt 5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Scheduled Vesting Date</B></FONT></TD></TR>
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 <TD COLSPAN="3" STYLE="border-top: black 1pt solid; border-left: black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif; padding: 1.5pt 1pt 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">First Tranche</FONT></TD>
 <TD COLSPAN="3" STYLE="border-top: black 1pt solid; border-left: black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif; padding: 1.5pt 1pt 5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20%</FONT></TD>
 <TD COLSPAN="3" STYLE="border-top: black 1pt solid; border-left: black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif; padding: 1.5pt 1pt 5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit A</FONT></TD>
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 <TD COLSPAN="3" STYLE="border-top: black 1pt solid; border-left: black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif; padding: 1.5pt 1pt 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Second Tranche</FONT></TD>
 <TD COLSPAN="3" STYLE="border-top: black 1pt solid; border-left: black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif; padding: 1.5pt 1pt 5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10%</FONT></TD>
 <TD COLSPAN="3" STYLE="border-top: black 1pt solid; border-left: black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif; padding: 1.5pt 1pt 5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times,