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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 8/12/22 SolarMax Technology, Inc. S-1/A 7:4.1M Pubco Reporting … Inc/FA |
Document/Exhibit Description Pages Size
1: S-1/A Pre-Effective Amendment to Registration Statement HTML 3.98M
(General Form)
2: EX-5.2 Opinion of Counsel re: Legality HTML 28K
3: EX-10.23 Material Contract HTML 6K
4: EX-10.24 Material Contract HTML 6K
5: EX-10.25 Material Contract HTML 7K
6: EX-23.1 Consent of Expert or Counsel HTML 5K
7: EX-FILING FEES Filing Fees HTML 31K
EXHIBIT 10.25
SolarMax Technology, Inc.
3080 12th Street
Attn: Stephen Brown, CFO
Re: Salary Deferral
Ladies and Gentlemen:
In order to aid SolarMax Technology, Inc., I have, since 2019, deferred a portion of my compensation. As of the date of this letter, August 12, 2022, I have deferred a total of $1,190,585 (the “Deferred Compensation”) in salary and bonus to which I was entitled under my employment agreement with SolarMax. This amount reflects salary and bonus that I have deferred during 2019, 2020, 2021 and 2022. In connection with SolarMax’ proposed public offering, I agree that the Deferred Compensation shall be paid to me as follows. Commencing on the first to occur of (i) one year from the date of the final prospectus relating to SolarMax’ initial public offering or (ii) January 1, 2024, SolarMax will pay the Deferred Compensation in twelve equal monthly installments, without interest with the first installment being paid on the date set forth in this sentence. This agreement is subject to completion of SolarMax’ initial public offering by December 31, 2022, and, if the initial public offering is not completed by that date, this agreement shall terminate and be of no force and effect.
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| Very truly yours, |
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| /s/ David Hsu |
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AGREED TO:
SOLARMAX TECHNOLOGY, INC.
| By: | /s/ Stephen Brown |
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| Stephen Brown, CFO |
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| This ‘S-1/A’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 1/1/24 | None on these Dates | |||
| 12/31/22 | ||||
| Filed on: | 8/12/22 | |||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 12/23/22 SolarMax Technology, Inc. S-1/A 5:4M Pubco Reporting … Inc/FA |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 7/19/22 SolarMax Technology, Inc. S-1 30:27M Pubco Reporting … Inc/FA 1/16/20 SolarMax Technology, Inc. S-1/A 19:17M Pubco Reporting … Inc/FA |