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13 May 2024 16:03 EDTMay 13 2024 at 16:03:13 Eastern Daylight Time
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13 May 2024 14:23 EDTMay 13 2024 at 14:23:31 Eastern Daylight Time
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L5 Capital Inc
L5 Capital Inc. ("L5 Capital"), a company wholly-owned and controlled by Marc Lustig
Exerpt from filing
On April 30, 2024, the Company entered into the Consulting Agreement whereby the Consultant has
agreed to act in an independent contractor capacity to provide special opportunity assessments and
corporate development advice
to the Company. In connection with the Consulting Agreement, the
Company has agreed to pay to the Consultant a total fee in the amount of USD$1.5 million consisting of:
(i) an upfront fee in the amount of USD$750,000, which has been paid to the Consultant
by the Company;
and (ii) an additional fee of USD$750,000 which is to be paid to the Consultant in equal quarterly
instalments of USD$187,500 over the term of the Consulting Agreement. Pursuant to the terms of the
Consulting Agreement, the Company will also pay an additional fee to the Consultant in the event of the
Company completing certain corporate transactions involving specified third parties
