On March 4, 2024, Global Gas Corporation, through its wholly-owned subsidiary Global Hydrogen Energy LLC, amended the employment agreement with CEO and Founder William Bennet Nance, Jr. The amendment restructures Mr. Nance's compensation to include contingent payments based on 15% of the company's gross profit, capped at $250,000 annually, replacing his base salary. Additionally, the amendment modifies the terms regarding termination of employment and shortens the restricted period for non-competition and non-solicitation clauses. On the same day, Global Gas entered into forfeiture agreements with certain Class B common stockholders, including Mr. Nance, resulting in the forfeiture of 1.6 million shares for previously received consideration. Post forfeiture, these holders still possess a total of 2.7 million shares of Class B common stock. The details of these agreements are fully described in the exhibits attached to the Form 8-K filed with the SEC.

On March 4, 2024, Global Gas Corporation, through its wholly-owned subsidiary Global Hydrogen Energy LLC, amended the employment agreement with CEO and Founder William Bennet Nance, Jr. The amendment restructures Mr. Nance's compensation to include contingent payments based on 15% of the company's gross profit, capped at $250,000 annually, replacing his base salary. Additionally, the amendment modifies the terms regarding termination of employment and shortens the restricted period for non-competition and non-solicitation clauses. On the same day, Global Gas entered into forfeiture agreements with certain Class B common stockholders, including Mr. Nance, resulting in the forfeiture of 1.6 million shares for previously received consideration. Post forfeiture, these holders still possess a total of 2.7 million shares of Class B common stock. The details of these agreements are fully described in the exhibits attached to the Form 8-K filed with the SEC.