Directors also have the right to be reimbursed for travel expenses and all reasonable costs and expenses incurred in the exercise of their duties.

filing / Nov 28, 2025 / receipt

(1) Raffi Sossoyan became Chief Financial Officer of the Company effective March 1, 2024. (2) Maxime Poudrier became Chief Operating Officer of the Company effective August 25, 2025.

filing / Nov 28, 2025 / receipt

Sossoyan is appointed as our Chief Financial Officer and will undertake and perform the duties and responsibilities normally and reasonably associated with such office; (b) we shall pay to Mr.

filing / Nov 28, 2025 / receipt

In addition to facing competition generally from recreation businesses seeking to attract consumers’ leisure time and discretionary spending dollars, the recreational boating industry itself is highly fragmented, resulting in intense competition for customers, quality products, boat show space, and suitable retail locations.

filing / Nov 28, 2025 / receipt

On October 1, 2021, we entered into a lease agreement with the developers of Waves at Dania Beach, Florida to rent office space as well as slip space for twenty-five electric boats, for monthly rent of approximately $10,000, which lease expires on October 1, 2027.

filing / Nov 28, 2025 / receipt

Under his leadership, the Company has become a pioneer in electric marine propulsion, developing the award-winning e-Motion™ electric outboard and forging key strategic partnerships to drive international expansion.

filing / Nov 28, 2025 / receipt