Fermi Inc. (FRMI)

Toby Neugebauer — Employment Agreement | Three-year initial term with automatic one-year renewals.; Annual base salary of $500,000, subject to annual review and potential increases.; Receives an equity grant twice a year in the form of vested shares of common stock, equal to 40% of awards granted to other employees in the prior six months.; Upon termination without cause or resignation for good reason, receives 2x base salary (paid over 36 months) and 18 months of COBRA premiums.; Accelerated vesting of all equity and equity-based awards upon termination without cause or resignation for good reason, with performance awards settled at target or higher certified performance.; Customary confidentiality, non-competition, non-solicitation, non-interference, and non-disparagement provisions.; Access to a private aircraft for business travel when available, and reimbursement for private/first-class commercial travel.

Toby Neugebauer Stock – 2025 Incentive Plan

Charlie Hamilton Stock – 2025 Incentive Plan (Grant FV $1,000,000)

Jacobo Ortiz Stock – 2025 Incentive Plan (Grant FV $1,000,000)

Miles Everson Stock – 2025 Incentive Plan (Grant FV $1,000,000)

Toby Neugebauer grant (Stock)

Charlie Hamilton — Employment Agreement | Three-year initial term with automatic one-year renewals.; Annual base salary of $500,000, reviewed annually for increases.; Eligible to earn an annual performance-based bonus up to 200% of base salary.; Eligible to receive annual long-term incentive awards with a fair market value equal to 200% of base salary, immediately vested and exercisable, and not subject to forfeiture or repurchase restrictions.; Upon termination without cause or resignation for good reason, receives 2x (base salary + target annual bonus + LTIP Value) paid over 24 months, and 18 months of COBRA premiums.; Customary confidentiality, non-competition, non-solicitation, non-interference, and non-disparagement provisions.

Jacobo Ortiz — Employment Agreement | Three-year initial term with automatic one-year renewals.; Annual base salary of $500,000, reviewed annually for increases.; Eligible to earn an annual performance-based bonus up to 200% of base salary.; Eligible to receive annual long-term incentive awards with a fair market value equal to 200% of base salary, immediately vested and exercisable, and not subject to forfeiture or repurchase restrictions.; Upon termination without cause or resignation for good reason, receives 2x (base salary + target annual bonus + LTIP Value) paid over 24 months, and 18 months of COBRA premiums.; Customary confidentiality, non-competition, non-solicitation, non-interference, and non-disparagement provisions.