LUVU Brands, Inc.
EXHIBIT 10.1
0000 Xxxxxxx Xxxxxxxxxx Xx
Atlanta, GA 30360
Amendment to Knauf Employment Agreement dated January 18th, 2024
Upon mutual agreement between the Board of Director for LUVU Brands, Inc. and Xxxxxxxxxxx Xxxxx, the following amendment to the Employment Agreement dated January 18, 2024 is agreed:
|
| · |
| Stock options - 200,000 stock option will be granted on April 1, 2024 and an additional 200,000 will be granted on July 1,2024. No options will be granted prior to those dates. |
|
|
|
|
|
| /s/ Xxxxx Xxxxxxxx | /s/ Xxxxxxxxxxx Xxxxx | |||
| Xxxxx Xxxxxxxx, CEO | Xxxxxxxxxxx Xxxxx | |||
| Date: 2/14/24 | Date: 2/14/24 |
0000 Xxxxxxx Xxxxxxxxxx Xx
Atlanta, GA 30360
I am pleased to offer you the position of Chief Financial Officer for Luvu Brands.
Chief Financial Officer
Reports to: CEO
Direct reporting: Treasurer, A/R & A/P Accountants
Goals - Develop strategic plans to improve our Company’s overall financial health and shareholder value. Responsibilities: Per the list provided.
Compensation:
|
| · | Annual Salary: $150,000 |
|
|
|
|
|
| · | After CFO position is assumed: $160,000 (fractional CFO terminated) |
|
|
|
|
|
| · | Stock options - 200,000 upon joining – 200,000 options in 6 month. |
|
|
|
|
|
| · | PTO - 14 days per year + 7 holidays – see handbook for details. PTO accrual starting 90 days of employment. |
|
|
|
|
|
| · | United Healthcare – Company sponsored plan is available the first of the month following 60 days. There is a choice of two plans that are subsidized by the Company. Aflac Insurance also offers assorted group plans at various prices – check for sign-up dates. |
| /s/ Xxxxx Xxxxxxxx | /s/ Xxxxxxxxxxx Xxxxx | |||
| Xxxxx Xxxxxxxx, CEO | Xxxxxxxxxxx Xxxxx | |||
| Date: 1/11/24 | Date: 1/11/24 |
