Massimo Group entered into a Strategic Business Outreach and Consulting Agreement with Acorn Management Partners, L.L.C. on September 28, 2026. The agreement, filed with the SEC as Exhibit 10.1, outlines the scope of services and compensation for the Consultant.
Under the terms of the agreement, Acorn Management Partners will provide Massimo Group with strategic business outreach, investor awareness, broker outreach, professional relations, and related consulting services. The engagement is set to commence on September 28, 2026, and will run for a term ending on September 27, 2027, unless terminated earlier according to the agreement's provisions.
Massimo Group will pay the Consultant cash compensation of $15,000 per month. The initial six-month period of the engagement is divided into an initial three-month period and the remainder of the six-month period to determine payment obligations upon termination.
If the engagement continues beyond the initial six months, the Company will issue deferred equity compensation to the Consultant. This equity will have an aggregate value of $125,000, subject to a cap of 90,000 shares of the Company’s common stock. The shares would be issued pursuant to an exemption from registration under Rule 4(a)(2) of the Securities Act of 1933.
The agreement includes customary representations, warranties, covenants, confidentiality provisions, indemnification provisions, and termination rights. Either party may terminate the agreement for convenience upon written notice, subject to the compensation provisions described above.
