INVE Technologies, Inc.

We use bonus opportunities to motivate our executive officers, including our Named Executive Officers, to achieve our short-term financial and operational objectives while making progress towards our longer-term growth and other goals. These bonuses are intended to help us to deliver a competitive total direct compensation opportunity to our executive officers. Our bonuses are entirely performance-based, are not guaranteed, and may vary materially from year-to-year.

For 2024, our Chief Executive Officer was eligible to earn a cash performance bonus of up to $75,000 each quarter beginning with the second quarter of 2024. Notwithstanding the foregoing, for the second quarter of 2024, Ms. Newquist earned and was paid a guaranteed performance bonus of $62,500. For the third and fourth quarters of 2024, the Compensation Committee established equally weighted quarterly performance objectives for revenue and earnings before interest, taxes, depreciation and amortization (“EBITDA”) for our Chief Executive Officer as follows (the “2024 CEO Performance Objectives”):

The Compensation Committee reviewed the Company’s performance against the pre-established 2024 CEO Performance Objectives shortly following each the third and fourth quarter performance periods of 2024. The Compensation Committee determined that the revenue and EBITDA targets were satisfied for the third quarter and only the revenue target was satisfied for the fourth quarter. Accordingly, our Chief Executive Officer earned as was paid a cash bonus of $75,000 for the third quarter and a bonus of $37,500 for the fourth quarter.

For 2024, our Chief Financial Officer was eligible to earn a cash performance bonus of up to $31,250 each quarter. The Compensation Committee established equally weighted quarterly performance objectives for non-GAAP operating expenses and ending cash balances for our Chief Financial Officer as follows (the “2024 CFO Performance Objectives”):

The Compensation Committee reviewed the Company’s performance against the pre-established 2024 CFO Performance Objectives shortly following each quarterly-performance period for 2024. The Compensation Committee determined that the non-GAAP operating expense target was satisfied for all four quarters during 2024 and that the cash balance target was not satisfied for the first or second quarter of 2024 but had been achieved for the third and fourth quarters of 2024. Accordingly, our Chief Financial Officer earned and was paid a cash bonus of $15,625 for each of the first and second quarters and a cash bonus of $31,250 for each of the third and fourth quarters.

For 2024, our former Chief Executive Officer was eligible to earn a performance bonus of up to up to $100,000 each quarter, entirely in the form of common stock of the Company, except for amounts withheld in cash to cover taxes and other voluntary and involuntary payroll deductions and withholdings. The Compensation Committee established quarterly performance objectives for revenue and net income, as determined in accordance with U.S. GAAP, for our former Chief Executive Officer as follows (the “2024 Former CEO Performance Objectives”):

The Compensation Committee reviewed the Company’s performance against the pre-established 2024 Former CEO Performance Objectives shortly following the first and second quarter performance periods for 2024. To earn a bonus for any quarter during 2024, both quarterly performance objectives needed to be achieved for the applicable quarter. The Compensation Committee determined that the 2024 CEO Performance Objectives had not been achieved with respect to either target for the first or second quarters of 2024 and that no bonus earned. In connection with the closing of the Asset Sale (the "Closing"), our former Chief Executive Officer resigned from his positions as Chief Executive Officer and as a member of the Board of Directors, effective September 6, 2024, accordingly, he was not eligible to earn and was not paid a bonus for 2024.