EXHIBIT A STATEMENT OF WORK
Exhibit 10.2
EXHIBIT A
This Statement of Work (“SOW”) is effective as of March 12, 2024 (the “Effective Date”) and is incorporated into the Master Services Agreement dated March 12, 2024 (the “Agreement”), by and between Complete Solaria, Inc. (the “Company”), and Xxxx.AI LLC (“Xxxx”). This SOW describes scope of, and the fees for, the Services and Deliverables to be performed and provided by Xxxx pursuant to the Agreement. All capitalized terms used and not expressly defined in this SOW will have the meanings given to them in the Agreement.
| SOW Term | ● | The term of this SOW is from the Effective Date until Dec 31, 2024 (the “SOW Term”) followed by counseling support as needed in 2025 Xxxx expects to start March 12, 2024. The SOW Term shall be extendable for additional periods of time as mutually agreed to by the parties in writing. | |
| Problem Statement and Scope | ● | For this effort, the overarching problem statement is a return of the Company to cash-flow positive performance. | |
| ● | Xxxx is expected to drive several workstreams, including: | ||
| 1. | C2C (contract to cash) process improvement | ||
| 2. | Pricing Optimization | ||
| 3. | Procurement (including strategic sourcing + tactical purchasing) | ||
| 4. | OpEx Spend Control | ||
| Fees | ● | Our rates (fees and our expenses all-in) for this type of effort are usually $245K/team per week. | |
| ● | However, considering the company's financial situation, the compensation structure for the Services will be as follows: | ||
| - | Subject to the approval of the Company’s Board of Directors, and upon execution of a Common Stock Purchase Agreement by the Company and Xxxx, 6 million shares of the Company’s common stock (NASDAQ: CSLR) issued to Xxxx, which shares will be registered by the Company as soon as practical after execution of this SOW and will be freely tradeable by Xxxx. | ||
| Expenses | Xxxx will bear its own Expenses under this SOW. | ||
This SOW is effective as of the Effective Date.
| COMPLETE SOLARIA, INC. | XXXX.AI LLC | |||
| By: | By: | |||
| Name: | Name: | Xxxxxx Xxxxx | ||
| Title: | Title: | Chief Executive Officer | ||
| 00000 Xxxxxxxxx Xxxx East | 000 Xxxxxxx Xxxxxx Xxxxx, Xxxxx 000 | |||
| Fremont, CA 94538 | San Jose, CA 95112 | |||
