IP HII EDVA 00483 Doc. 0163 Exhibit 1
2. Employment agreement that was signed when I first accepted the position
DISTIL analysis
- Bilal Maadarani hired as Chief Revenue Officer of Datron/Cyberlux in October 2023 with $525K signing bonus, $180K salary, and 1% sales commissions
- Maadarani claims $1,062,576.98 owed: $275K unpaid bonus, $59K salary, $193K commissions, $20K expenses, $85K fringe benefits
- July 2025 email from CEO Schmidt acknowledges debts and states 'Notes and commissions paid out of HII money asap'
- Cyberlux failed to pay despite Maadarani's role securing and fulfilling HII subcontract for defense contract work
- California state court litigation resulted in default judgment against Datron in December 2025
- Maadarani intervened in federal interpleader action claiming entitlement to portion of HII's deposited funds
- Evidence shows Cyberlux corporate distress: receivership references, lender conflicts with Legalist, unpaid obligations
- Additional claims include denial of access to 3 million Series B shares (convertible to 600M common shares) and breach of fiduciary duty
- Schmidt's email offered $1M retention bonus and other incentives to keep Maadarani, acknowledging 'unacceptable' situation with customers and reps
Extracted text
69 pages · 134661 charactersIN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF VIRGINIA RICHMOND DIVISION
HII MISSION TECHNOLOGIES CORP., Plaintiff
Case No. 3:25-cv-00483-JAG
V.
CYBERLUX CORP., et. al.,
Defendants.
From: Mark Schmidt <mschmidt@cyberlux.com> Sent: Wednesday, July 2, 2025 3:49 PM To: Bill Maadarani <bmaadarani@cyberlux.com> Subject: Re: Bill's exit path
Brother, I've been trying find words to express my remorse over this situation and have failed to find any that are adequate. I can say my relationship with you, both our professional and our friendship, is one of the most important ones I've had in my life, period. What we've done and the times we've had will be the highlights I will always remember, no matter what. I truly hope we can find a path forward that works for you.
The impact on customers and our reps is unacceptable - I have been dying inside over this and its impact across the company should have never happened. Between HIl and Legalist, we have been pushed into this corner and have to fight our way out, fighting all our enemies.
I don't want to leave anything to chance if we can find a path forward. Anything is on the table, other than Denis back coming in:
· Retention bonus ($1M over next four quarters)
· Base salary increase to $250K with revised commission structure, TBD
· Notes and commissions paid out of Hil money asap
· Position of President if you want that now
· Board of Directors? You should likely wait until we have D&O insurance soon then join
· Co-share all decision-making between you, me and Chris plus Loren on cash
. Ultimately we'll bring in a new CEO and I'll move to Chairman as soon as we can execute a strategic plan like the one I've attached from Roman V - where we uplist to NASDAQ for example, including changing the Cyberlux name. Roman also has Trump ties and we will get significant Trump-universe board membership.
We are talking to good capital partners now and you need to understand the environment and future. Loren is ready to discuss at any point. I have attached the cash flow worksheet from Loren that gives you the operating detail. Loren is available for discussion whenever you have time.
I know you have a dire outlook and I understand. I'm not sure who is advising you, but we are making meaningful progress, and anyone on our team is available to discuss specifics. Attached is the Stay on the receiver and a Cease and Desist that effectively ends him. This was done over the last 2 days and clears up the matter significantly, with only what the receiver will be paid per the upcoming court decision. We were never in 'receivership' as I said, and now this receiver is boxed up. I have the lead attorney, Jeff Brown, standing by to speak with you about the whole situation so you have the full picture.
All this is unacceptable I know. We've not been paid by HIl per the contract modification, Legalist has reneged on the new loan agreement, and lawyers have made mistakes, all that led to where we are. All I know to do is fight our enemies every day like I am, to resolve the critical matters as fast as possible. You should never have to address this kind of situation with customers and reps. I will work a plan with you for the reps where we make the commission payments and pay bonuses where you decide, for the missed shipments and customer delivery issues. I will do whatever is necessary to correct these issues.
from the combination of me, Treasury, and Denis; or Denis keeps 10M and you get 20M from Denis and 10M from me. Either way we have control of >75% and can then restructure as we want. This gives us basically equal footing as we execute an uplisting. Check out the NASDAQ section of the spreadsheet. We'll likely have to give up more than this to the capital raising partner but it still nets a big number. I need your help to negotiate with Denis on the rest of his override BS, whatever makes sense to you. And he drops all his lawsuits for all time.
There is a lot here and I am open to anything and available to discuss at any point.
I love ya Brother - Mark
Mark Schmidt | President and CEO mschmidt@cyberlux.com 919-434-6608
CYBERLUX® Harnessing the Future
Visit our Website
From: Bill Maadarani <bmaadarani@cyberlux.com>
Sent: Tuesday, July 1, 2025 6:15 AM
To: Patrick Godfrey <pgodfrey@cyberlux.com> Cc: Mark Schmidt <mschmidt@cyberlux.com>; Chris Barter <cbarter@cyberlux.com>
Subject: Bill's exit path
Patrick,
I would like to schedule a day to discuss my negotiated exit out of Cyberlux. I'm seeking your assistance in providing me feedback from the CEO of Cyberlux on the following attachments:
Please schedule a meeting for me to discuss this if possible. I'll wait to hear back from the team.
Bill W. Maadarani |Cyberlux Corporation |Datron World Communications, Inc. Bmaadarani@cyberlux.com | Bmaadarani@dtwc.com Chief Revenue Officer 995 Joshua Way, Vista, CA 92081 |www.dtwc.com Cell: 1-586-405-0069 | Cell: +961-71-008726 Performance You Require. Value You ExpectTM
DIPLOMATIC SECURITY SERVICE OSAC PUBLIC PRIVATE PARTNERSHIP
IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF VIRGINIA RICHMOND DIVISION
HII MISSION TECHNOLOGIES CORP., Plaintiff
Case No. 3:25-cv-00483-JAG
V.
CYBERLUX CORP., et. al.,
Defendants.
The undersigned, on behalf of Cyberlux Corporation (the "Company"), certifies that the information provided herein is accurate and complete to the best of the Company's knowledge.
:unselected: The Company has a reporting obligation under Section 13 or 15(d) of the Exchange Act
:unselected: The Company has a reporting obligation under Regulation A (Tier 2) :unselected: The Company has a reporting obligation under Regulation Crowdfunding (CF) :unselected: Other (please describe)
The Company is a U.S. bank, bank holding company, or similar financial institution exempt from SEC :unselected: registration, has a reporting obligation to a U.S. Bank Regulator and follows OTC Markets' Bank Reporting requirements. :selected: The Company is exempt from SEC registration and is reporting under the Alternative Reporting Standard
Transfer Agent:
Standard Registrar and Transfer Company
Address:
Below is a list all law firm(s) and attorney(s) (including internal counsel) that acted as the Company's primary legal counsel in preparing its most recent annual report or, if no attorney assisted in preparing the disclosure, the person(s) who prepared the disclosure and their relationship to the Company.
Name:
Carl P. Ranno, Esq
Firm:
Law Office of Carl P. Ranno
Address:
Phone:
602.493.0369
Email:
carlranno@cox.net
Name:
Jennifer E.D. Clarke, Esq.
Firm:
Tjong & Hsia LLP,
Address:
Phone:
516-801-1700
Email:
jclarke@tjonghsia.com
The table below provides information regarding all officers and directors of the Company, or any person that performs a similar function, regardless of the number of shares they own. To the best of the Company's knowledge, it includes all individuals or entities beneficially owning 5% or more of any class of the issuer's equity securities. To identify holders of 5% or more, companies may obtain a recent copy of their shareholder list that includes Non-Objecting Beneficial Owners or "NOBOs." SEC Reporting companies may also research their beneficial ownership and insider transaction filings such as on Schedules 13G or 13D or on Forms 3, 4, and 5.
As of (latest practicable date): 3/31/2025
Names of All Officers, Directors, and Control Persons
Affiliation with Company (e.g. Officer/ Director/ Owner of 5% or greater)
Residential Address (City / State)
Number of shares owned
Share type/class
Ownership Percentage of Class Outstanding
Names of control person(s) if a corporate entity
Mark D. Schmidt
President Chief Executive Officer Director Chairman
Durham, NC
230,642 47,000,000
Common Series B
Less than 1% 54.65%
David D. Downing
Chief Financial Officer Director
Edinboro, PA
42,500 1,000,000
Common Series
Less than 1% 1.16%
John W. Ringo
Secretary Director
Atlanta, GA
123,783
Commo n
Less than 1%
OTC Markets Group Inc. Management Certification (Version 1.3 April 2025)
Aaron Goodman
Chief of Staff Director
Waccabuc, NY
70,000,000 2,5000,000
Common Series B
1.2% 2.91%
Larry J. Isely
Chief Operating Officer
Denton, TX
2,500,000
Series B
2.91%
Bill Maadarani
Chief Revenue Officer
Dearborn, MI
3,000,000
Series B
3.49%
Montague Capital Partners LLC
Strategic Consultant Greater than 5% holder
Miami, FL
21,000,000 179,500,000
Series B Common
24.42% 3.019%
Denis Kalenja controls this entity
Recovery Fund USA, LLC
Greater than 5% holder
Lutz, FL
148,000
Series C
98.667%
Jamie Rand controls this entity.
Any additional material details, including conversion terms of any class of the issuer's equity securities, are below:
Each share of the Company's Series B Convertible Preferred is convertible into 200 shares of the Company's Common Stock at the option of the holder.
Each share of the Company's Series C Convertible Preferred Stock is convertible into shares of the Company's Common Stock at the option of the holder. The conversion rate for such shares is variable, depending on the ten-day moving average of the price per share of the Company's Common Stock, based on the following formula: ($25.20/10DMA)/200.
The following is a complete list of the Company's Convertible Debt which includes all promissory notes, convertible notes, convertible debentures, or any other debt instruments convertible into a class of the issuer's equity securities. The table includes all issued or outstanding convertible debt at any time during the last complete fiscal year and any interim period between the last fiscal year end and the date of this Certification.
[] Check this box to confirm the Company had no Convertible Debt issued or outstanding at any point during this :unselected: period.
Date of Note Issuance
Outstanding Balance ($)
Principal Amount at Issuance ($)
Interest Accrued ($)
Maturity Date
Conversion Terms (e.g. pricing mechanism for determining conversion of instrument to shares)
Name of Noteholder*
Reason for Issuance (e.g. Loan, Services, etc.)
10/22/2021
1,491,671
1,500,000
241,671
10/22/2023
$0.25 Conversion per share
RB Capital Partners (this note has been repaid in part)
Loan
11/08/2021
1,751,918
1,500,000
251,918
11/08/2023
$0.25 Conversion per share
RB Capital Partners
Loan
11/22/2021
1,500,000
N/A
11/22/2023
$0.25 Conversion per share
RB Capital Partners (this note has been converted in full)
Loan
05/23/2022
571,507
500,000
71,507
05/23/2024
$0.25 Conversion per share ***
RB Capital Partners
Loan
07/12/2022
284,041
250,000
34,041
07/12/2024
$0.10 Conversion per share ***
RB Capital Partners
Loan
09/29/2022
110,630
100,000
10,630
09/29/2025
$0.0049 Conversion per share or 85% of 10 Day Moving Average
Bilal Maadarani
Loan
09/29/2022
110,466
100,000
10,466
09/29/2025
$0.0032 Conversion per share or 85% of 10 Day Moving Average
Eris Cali (this note was originally issued to Bilal Maadarani)
Loan
09/29/2022
110,164
100,000
10,164
09/29/2025
$0.0036 Conversion per share or 85% of 10 Day Moving Average
Eris Cali (this note was originally issued to Bilal Maadarani)
Loan
09/29/2022
100,000
N/A
09/29/2025
$0.0036 Conversion per share or 85% of 10 Day Moving Average
Bilal Maadarani (this note was repaid in full)
Loan
01/22/2023
110,808
100,000
10,808
01/22/2027
$0.0052 Conversion Price per share
Bassam Pharaon
Loan
04/06/2023
109,866
100,000
9,866
04/06/2026
$0.0035 Conversion per share
Matt Jones
Loan
05/09/2023
100,000
N/A
05/09/2024
$0.0043 Conversion per share
Andras Forgacs (this note was converted in full)
Loan
05/22/2023
109,414
100,000
9,414
05/22/2026
$0.0026 Conversion per share or 85% of 10 Day Moving Average
Robert Miller (this note was converted in full)
Loan
06/12/2023
100,000
N/A
06/12/2026
85% of 10 Day Moving Average
Christopher Whitehead (this note was converted in full)
Loan
06/14/2023
25,000
N/A
06/14/2024
$0.0013 Conversion per share
Jeryl S. Rawls Revocable Trust (this note was converted in full)
Loan
06/15/2023
15,000
N/A
06/15/2024
$0.0016 Conversion per share
John W. Dixon FLP (this note was converted in full)
Loan
07/23/2023
50,000
N/A
07/23/2024
$0.0013 Conversion per share
Giorgios Bakatsias (this note was converted in full)
Loan
07/23/2023
125,000
N/A
07/23/2024
$0.0013 Conversion per share
Fly Rite LLC (this note was repaid in part and converted in part)
Loan
Document 163-1 Filed 04/09/26
Page 10 of 69 PageID#
07/23/2023
125,000
N/A
07/23/2024
$0.0013 Conversion per share
Hayek Ventures, LLC(this note was repaid in part and converted in part)
Loan
08/26/2023
2,897
2,500
08/26/2024
$0.0016 Conversion per share
Charles Yessaian
Loan
08/26/2023
2,895
2,500
08/26/2024
$0.0016 Conversion per share
Ferdinand Irizarry
Loan
09/13/2023
2,092,753
2,000,000
92,753
09/13/2026
90% of 15 Day VWAP
Datron Holdings, Inc.
Acquisition note
09/13/2023
2,154,589
2,000,000
154,589
09/13/2026
85% of 15 Day VWAP
Datron Holdings, Inc.
Acquisition note
06/13/2024
102,450
100,000
2,450
06/13/2026
$0.0019 Conversion per share
John W. Dixon FLP
Loan
Signature:
Name of Principal Executive Officer or Principal Financial Officer: Mark Schmidt Title: President, Chief Executive Officer, Director, Chairman of the Board
Date: 5/15/2025
Signature: /s/ Mark Schmidt
IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF VIRGINIA RICHMOND DIVISION
HII MISSION TECHNOLOGIES CORP., Plaintiff
Case No. 3:25-cv-00483-JAG
V.
CYBERLUX CORP., et. al.,
Defendants.
MOORE RUDDELL LLP Bonita D. Moore (SBN 221479) bmoore@mooreruddell.com Howard D. Ruddell (SBN 281510) hruddell@mooreruddell.com 21250 Hawthorne Blvd., Suite 500 Torrance, CA 90503 Telephone: (310) 792-7010 Fax: (323) 530-1113
Attorneys for Plaintiff Bilal Maadarani
ELECTRONICALLY FILED Superior Court of California, County of San Diego 11/19/2025 3:18:59 PM
Clerk of the Superior Court By M. Acevedo ,Deputy Clerk
SUPERIOR COURT OF THE STATE OF CALIFORNIA COUNTY OF SAN DIEGO - CENTRAL
BILAL MAADARANI, an individual, Plaintiff,
V. DATRON WORLD COMMUNICATIONS, INC., a California Corporation; and DOES 1-20, Defendants.
Case No.
25CU062277C
COMPLAINT FOR:
COMPLAINT; DEMAND FOR JURY TRIAL
Plaintiff Bilal Maadarani ("Mr. Maadarani" or "Plaintiff"), by and through his undersigned counsel, files this complaint against defendant Datron World Communications, Inc. ("Datron" or "Defendant") and Does 1-20.
a. Unpaid signing bonus: $275,000
b. Unpaid salary through November 12, 2025: $59,107.66
c. Unpaid commissions through September 30, 2025: $193,491.82
d. Unreimbursed business expenses: $20,000
e. Unpaid fringe benefits incl. corporate car fees and moving expenses: $85,000
September 30, 2025 that Defendant has refused to pay; Plaintiff is owed $20,000 for outstanding unreimbursed business expenses; and Plaintiff is owed $85,000 for unpaid fringe benefits.
(Failure to Pay Earned Wages (Cal. Lab. Code §§ 202, 218.5, 218.6) - Against Defendant and Does 1-20)
(Failure to Reimburse Business Expenses in Violation of Cal. Lab. Code § 2802 - Against Defendant and Does 1-20)
(Waiting Time Penalties, Cal. Lab. Code §§ 201, 203 - Against Defendant and Does 1-20)
WHEREFORE, Plaintiff prays for judgment against Defendant as follows:
DATED: November 19, 2025
MOORE RUDDELL LLP
VOR
By: Howard D. Ruddell Attorneys for Plaintiff Bilal Maadarani
Plaintiff hereby demands trial by jury.
DATED: November 19, 2025
MOORE RUDDELL LLP
By: VOR
Howard D. Ruddell Attorneys for Plaintiff Bilal Maadarani
Employment Agreement
This Employment Agreement (the "Agreement") is made and entered into as of October 8, 2023, by and between Bilal Maadarani (the "Executive") resident at , and Datron World Communications, Inc., a corporation organized under the laws of the State of California, with an address at 995 Joshua Way, Suite A, Vista, California 92081 (the "Company", and together with affiliates of the Company, the "Company Group").
WHEREAS, the Executive has been an employee of the Company and the Company desires to continue to employ the Executive on the terms and conditions set forth herein; and
WHEREAS, the Executive desires to be employed by the Company and provide services to the Company Group on such terms and conditions;
NOW, THEREFORE, in consideration of the mutual covenants, promises, and obligations set forth herein, the parties agree as follows:
2.1 Position. During the Employment Term, the Executive shall serve as the Chief Revenue Officer of the Company Group, reporting to the Chief Executive Officer (the "CEO") of the Company's parent company, Cyberlux Corporation, a corporation organized under the laws of the State of Nevada, with an address at 800 Park Offices Drive, Suite 3209, Research Triangle Park, NC 27709 ("Cyberlux"). In such position, the Executive shall have such duties, authority, and responsibilities at the Company Group as are established from time to time by the CEO, consistent with the Executive's position.
2.2 Duties. During the Employment Term, the Executive shall devote all of the Executive's business time and attention to the performance of the Executive's duties hereunder and will not engage in any other business, profession, or occupation for compensation or otherwise, without the prior written consent of the CEO.
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if such residence is outside San Diego County, the Executive shall provide no less than 30 days prior written notice of the anticipated work location. If permitting the Executive to work from such location would require business license registration of the Company, or tax reporting by the Company, the Executive shall be responsible for additional costs associated therewith. Subject to any health or safety concerns related to the COVID-19 pandemic or other similar extraordinary circumstances, unless mutually agreed between the Executive and the CEO, the Executive shall be required to spend on average two days per week in the office, when not travelling for the benefit of the Company Group. The Executive may be required to travel extensively on Company Group business during the Employment Term. The place of performance of this Agreement may be changed from time to time upon the mutual agreement of the Executive and the Company. The Executive hereby consents to the principal place of performance hereunder being changed to a location in Florida.
4.1 Signing Bonus. In recognition of the Executive's willingness to commit to a two-year Initial Term, the Company shall pay the Executive a one-time bonus in the amount of $525,000.00, payable during the month of October, 2023 (the "Signing Bonus"). The Executive understands and agrees that the Signing Bonus is directly related to his undertaking to remain with the Company for the Initial Term, and is therefore subject to clawback in the event of the Executive's termination during the Initial Term for Cause, or without Good Reason (each as defined below).
4.2 Base Salary. The Company shall pay the Executive an annual rate of base salary of U.S.$180,000.00 in periodic installments in accordance with the Company's customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive's annual base salary, as in effect from time to time, is hereinafter referred to as "Base Salary." The Base Salary shall be paid net of any income and payroll taxes to which such Base Salary is subject, and shall be paid by check denominated in U.S. dollars or deposited into an account of the Executive maintained with a U.S. National Association bank.
4.3 Commission. Commission shall be earned when sales are "booked" but shall be subject to clawback to the extent such sales are not effected within 365 days of the date booked.
(a) For each sale of Company Group products (the "Product") sold the Company shall pay the Executive a percentage commission on the Adjusted Commissionable Sales Amount (as defined below) according to the Schedule of Commissions set forth in Exhibit A hereto. For purposes hereof "Adjusted Commissionable Sales Amount" shall mean the net sales price for each sale of a Product, meaning the gross sale price for such Product, minus the sum of (i) the cost of production of such Product, including any development costs allocated thereto, (ii) the sales price of each Product unit returned to any Company Group member for credit and the related costs of returning such Product to such company, (iii) discounts to customers, (iv) freight and transportation costs (including insurance), (v) taxes, tariffs and duties related to the sale of the Products and (vi) installation and service charges.
(b) Commissions will not be earned in respect of training, engineering services, repair or warranty orders or any order the Adjusted Commissionable Sales Amount of which is (i) less than US$5,001.00 or (ii) less than 25% of the gross sale price of such product. In addition, "House Accounts" and unfunded orders shall not be eligible for commission. No commissions shall be earned in respect of any booked order that was not previously included in the Company Group's CRM funnel or forecast prior to booking will not be eligible. Any exceptions to the limitations set forth in the immediately preceding three sentences shall be in the sole discretion of applicable member of the Company Group and shall require the approval the CEO, and the acknowledgement of the Executive.
(c) The Company Group reserves the right to designate specific accounts or sales opportunities as "Strategic Accounts" or "House Accounts". Commission rates in respect of such accounts shall be determined in the sole discretion of the applicable member of the Company Group and will be identified in writing. Any commission to be paid in respect of any Strategic Account shall require the approval the CEO, and the acknowledgement of the Executive.
(d) Earned commissions shall be payable to the Executive on the following schedule:
(i) 50% no later than second payroll period of the fiscal month following 90 days after the original booking date; and
(ii) 50% on the second payroll of the fiscal moth following 240 days after the original booking date; provided that,
(iii) In respect of orders with an Adjusted Commissionable Sales Amount in excess of US$5,000,000.00, the first 50% shall be payable at the election of the Company in equal instalments on the normal payroll dates for a period not to exceed five (5) months, and commencing no later than the second payroll period of the month following 180 days after original booking date; and
(iv) the balance of such commission will be paid pro-rata to amounts received by the applicable member of the Company Group from the applicable customer, until the applicable commission is paid in full (i.e. if the customer pays US$100,000.00, and the applicable Adjusted Commissionable Sales Amount thereof is $60,000.00, and the Executive's commission rate in respect of such sale is 1%, the Company shall pay US$600.00 to the Executive) in the second normal payroll period following receipt thereof by the applicable member of the Company Group.
Notwithstanding the foregoing, the Company and the Executive may mutually agree to alternative commission payment schedules in respect of any order or any customer.
4.1 Annual Bonus.
(a) The Executive shall be eligible to receive an annual bonus (the "Annual Bonus"). However, the decision to provide any Annual Bonus and the amount and terms of any Annual Bonus shall be in the sole and absolute discretion of the CEO, in consultation with the Company and other members of the Company Group (collectively, the "Compensation Committee"). To the extent that Cyberlux or the Company establishes a compensation committee of the board of directors of such Company, such committee, together with the CEO (if not a member thereof) shall for purposes hereof be the "Compensation Committee"). Each year an eligibility threshold shall be set by the Compensation Committee. For 2023, the Executive's Annual Bonus eligibility threshold is set at $20,000,000.00 of booked sales.
(b) In order to be eligible to receive an Annual Bonus, the Executive must be employed by the Company on the date that Annual Bonuses are paid by the Company.
4.2 Equity Awards. During the Employment Term, the Executive shall be eligible to participate in any employee or executive equity awards program, subject to the terms of the applicable plan, as determined by the Board or the Compensation Committee, in its discretion.
4.3 Fringe Benefits and Perquisites. During the Employment Term, the Executive shall be entitled to fringe benefits and perquisites consistent with those provided to similarly situated executives of the Company.
4.4 Employee Benefits. During the Employment Term, the Executive shall be entitled to participate in all employee benefit plans, practices, and programs maintained by the Company, as in effect from time to time (collectively, "Employee Benefit Plans") to the extent consistent with applicable law and the terms of the applicable Employee Benefit Plans. The Company reserves the right to amend or terminate any Employee Benefit Plans at any time in its sole discretion, subject to the terms of such Employee Benefit Plan and applicable law.
4.5 Vacation; Paid Time Off. During the Employment Term, the Executive shall be entitled to [ten (10)] of paid vacation days per calendar year (prorated for partial years) in accordance with the Company's vacation policies, as in effect from time to time. The Executive shall receive other paid time off in accordance with the Company's policies for executive officers as such policies may exist from time to time and as required by applicable law.
4.6 .6 Business Expenses. The Executive shall be entitled to reimbursement for all reasonable and necessary out-of-pocket business, and travel expenses incurred by the Executive in connection with the performance of the Executive's duties hereunder in accordance with the Company's expense reimbursement policies and procedures.
4.7 Indemnification. The Company shall indemnify and hold the Executive harmless as contemplated by the Company's bylaws for acts and omissions in the Executive's capacity as an officer, director, or employee of the Company.
4.8 Clawback Provisions. Any amounts payable under this Agreement are subject to the provisions of this Agreement, and any policy (whether in existence as of the Effective Date or later adopted) established by the Company providing for clawback or recovery of amounts that were paid to the Executive. The Compensation Committee will make any determination for clawback or recovery in its sole discretion and in accordance with any applicable law or regulation.
5.1 Upon or After the Expiration of the Initial Term; For Cause or Without Good Reason.
(a) The Executive's employment hereunder may be terminated (x) by the Company (A) upon or after the expiration of the Initial Term or (B) for Cause at any time, or (y) by the Executive (A) without Good Reason at any time or (B) with Good Reason on or after the expiration of the Initial Term, and the Executive shall be entitled to receive:
(i) any accrued but unpaid Base Salary, earned commission (i.e. on sales booked prior to termination), and accrued but unused vacation which shall be paid in accordance with the Company's customary payroll procedures; provided that the Company may accelerate the payment of commission, in its sole discretion;
(ii) reimbursement for unreimbursed business expenses properly incurred by the Executive, which shall be subject to and paid in accordance with the Company's expense reimbursement policy; and
(iii) such employee benefits (including equity compensation), if any, to which the Executive may be entitled under the Company's employee benefit plans as of the date of the Executive's termination; provided that, in no event shall the Executive be entitled to any payments in the nature of severance or termination payments except as specifically provided herein.
Items 5.1(a)(i) through 5.1(a)(iii) are referred to herein collectively as the "Accrued Amounts."
(b) For purposes of this Agreement, "Cause" shall mean:
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(i) the Executive's failure to perform the Executive's duties (other than any such failure resulting from incapacity due to physical or mental illness);
(ii) the Executive's failure to comply with any valid and legal directive of the CEO, the board of directors of the Company or the board of directors of Cyberlux;
(iii) the Executive's engagement in dishonesty, illegal conduct, or misconduct, which is, or reasonably could be expected to be, injurious to the Company or any of its affiliates;
(iv) the Executive's embezzlement, misappropriation, or fraud, whether or not related to the Executive's employment with the Company;
(v) the Executive's conviction of or plea of guilty or nolo contendere to a crime that constitutes a felony (or state law equivalent) or a crime that constitutes a misdemeanor involving moral turpitude;
(vi) the Executive's violation of the Company's or Company Group's written policies or codes of conduct, including written policies related to discrimination, harassment, performance of illegal or unethical activities, and ethical misconduct;
(vii) the Executive's material breach of any obligation under this Agreement or any other written agreement between the Executive and any member of the Company Group; or
(viii) the Executive's engagement in conduct that brings or is reasonably likely to bring the Company or any of its affiliates, or their respective officers or directors negative publicity or into public disgrace, embarrassment, or disrepute.
(c) For purposes of this Agreement, "Good Reason" shall mean the occurrence of any of the following, in each case during the Employment Term without the Executive's prior written consent:
(i) a reduction in the Executive's Base Salary other than a general reduction in Base Salary that affects all similarly situated executives in substantially the same proportions;
(ii) a relocation of the Executive's principal place of employment by more than [1,000] miles from either Vista, California or Florida (it being understood that the relocation of the Company headquarters to Florida is under consideration, and the place of performance in Florida is consented to by the Executive);
(iii) any material breach by the Company of any material provision of this Agreement or any material provision of any other agreement between the Executive and any member of the Company Group; or
iv) a material, adverse change in the Executive's authority, duties, or responsibilities (other than temporarily or as required by applicable law).
To terminate the Executive's employment for Good Reason, the Executive must provide written notice to the Company of the existence of the circumstances providing grounds for termination for Good Reason within ten (10) days of the initial existence of such grounds and the Company must have at least thirty (30) days from the date on which such notice is provided to cure such circumstances. If the Executive does not terminate the Executive's employment for Good Reason within thirty (30) days after the first occurrence of the applicable grounds, then the Executive will be deemed to have waived the Executive's right to terminate for Good Reason with respect to such grounds.
5.2 Prior to the End of the Initial Term Without Cause or for Good Reason. The Employment Term and the Executive's employment hereunder may be terminated prior to the end of the Initial Term (x) by the Executive for Good Reason or (y) by the Company without Cause. In the event of such termination, subject to the Executive's compliance with Section 6 of this Agreement and the agreements referenced therein and the Executive's execution, within 45 days following receipt, of a release of claims in favor of the Company, its affiliates and their respective officers and directors in a form provided by the Company (the "Release", and such 45-day period, the "Release Execution Period"), and the Release becoming effective according to its terms:
(a) The Executive shall be entitled to receive:
(i) The Accrued Amounts as set forth above, plus
(ii) Equal installment payments payable in accordance with the Company's normal payroll practices, but no less frequently than monthly, which are in the aggregate equal to [50%] of the Base Salary calculated for the period between the termination date and the final day of the Initial Term; payable over the course of time nearly as possible equal to [50%] of the remaining period of the Initial Term.
(b) The treatment of any outstanding equity awards shall be determined in accordance with the terms of the plan pursuant to which any such award is granted, and the applicable award agreements.
5.3 Prior to the End of the Initial Term with Cause or Without Good Reason. The Employment Term and the Executive's employment hereunder may be terminated prior to the end of the Initial Term (x) by the Executive without Good Reason or (y) by the Company with Cause. In the event of such termination:
(a) The Executive shall be entitled to receive the Accrued Amounts set forth above.
(b) The Executive shall be required to pay to the Company that amount obtained by multiplying $525,000 by the number obtained by dividing (x) the number of days remaining in the Initial Term by (y); 731 :
(c) The treatment of any outstanding equity awards shall be determined in accordance with the terms of the plan pursuant to which any such award is granted, and the applicable award agreements.
(a) The Executive's employment hereunder shall terminate automatically upon the Executive's death during the Employment Term, and the Company may terminate the Executive's employment on account of the Executive's Disability.
(b) If the Executive's employment is terminated during the Employment Term on account of the Executive's death or Disability, the Executive (or the Executive's estate and/or beneficiaries, as the case may be) shall be entitled to receive the Accrued Amounts. Notwithstanding any other provision contained herein, all payments made in connection with the Executive's Disability shall be provided in a manner which is consistent with applicable law.
(c) For purposes of this Agreement, "Disability" shall mean the Executive's inability, due to physical or mental incapacity, to perform the essential functions of the Executive's job, with or without reasonable accommodation, for one hundred eighty (180) days out of any three hundred sixty-five (365) day period or one hundred twenty (120) consecutive days. Any question as to the existence of the Executive's Disability as to which the Executive and the Company cannot agree shall be determined in writing by a qualified independent physician mutually acceptable to the Executive and the Company. The determination of Disability made in writing to the Company and the Executive shall be final and conclusive for all purposes of this Agreement.
5.5 Notice of Termination. Any termination of the Executive's employment hereunder by the Company or by the Executive during the Employment Term (other than termination pursuant to Section 5.4(a) on account of the Executive's death) shall be communicated by written notice of termination ("Notice of Termination") to the other party hereto in accordance with Section 16. The Notice of Termination shall specify:
(a) the termination provision of this Agreement relied upon;
(b) to the extent applicable, the facts and circumstances claimed to provide a basis for termination of the Executive's employment under the provision so indicated; and
(c) the applicable date of termination, which shall be no less than thirty (30) days following the date on which the Notice of Termination is delivered if the Company terminates the Executive's employment without Cause; provided that, the Company shall have the option to provide the Executive with a lump sum payment in lieu of such notice.
5.6 Resignation of All Other Positions. Upon termination of the Executive's employment hereunder for any reason, the Executive shall be deemed to have resigned from all positions that the Executive holds as an officer or member of the Board (or a committee thereof) of the Company and any of its affiliates.
(a) Ownership of Intellectual Property. The Executive acknowledges and agrees that (a) as between the Company Group and the Executive, the Company (or one of its affiliates, as applicable) owns all interests in any patents, trademarks, copyrights, domain names, works of authorship, trade secrets, or any other intellectual property (collectively, "Intellectual Property") in or in respect of the Products and (b) the Executive shall not acquire any ownership of Intellectual Property owned by or licensed to the Company or any of its affiliates, under this Agreement. Representative shall use the Company's Intellectual Property solely for the purposes of performing its obligations under this Agreement. All developments, inventions and other things in which intellectual property rights may be asserted, developed by, or with input from the Executive during the Employment Term, are solely the Intellectual Property rights of the Company (to be used, transferred, licensed or otherwise exploited or not exploited by the Company in its sole discretion).
(b) Non-Disclosure Obligation. The Executive affirms that (i) prior to the Effective Date, he has, and (ii) on and after the Effective Date (both during the Employment Term and thereafter) he agrees that he will, treat as confidential and secret all information, discoveries, customer lists, trade secrets, documents, bids, proposals, contracts, marketing plans and strategies, computer software, proprietary computer hardware, pricing, pricing policies, financial information, and other information and data made available to him during or prior to the Employment Term that has not become public information, and that it will not, directly or indirectly, make known, divulge or use any such information, discovery, secret, document, plan, policy, or data, other than in accordance with this Agreement or as required by law. The Executive affirms that (i) prior to the Effective Date, he has, and (ii) on and after the Effective Date (both during the Employment Term and thereafter) he agrees that he will comply with all Confidential Information and similar policies of the Company as in effect from time to time.
(c) Injunctive Relief Availability. Notwithstanding the "Arbitration of Disputes" Section of this Agreement, in the event of a breach or threatened breach by the Executive of the provisions of this Section, the Company shall be entitled to an injunction restraining the Executive from disclosing, in whole or in part, the
confidential information identified in this Section, or from rendering any services to any person, firm, corporation, association or other entity to whom such confidential information, in whole or in part, has been disclosed or is threatened to be disclosed. Nothing herein shall be construed as prohibiting any member of the Company Group from pursuing any other remedies available to such company for such breach or threatened breach, including the recovery of damages from the Executive.
(d) Further Assurances; Power of Attorney. During and after the Employment Term, the Executive agrees to reasonably cooperate with the Company to (i) apply for, obtain, perfect, and transfer to the Company, any of its affiliates, or such person's designee all Intellectual Property rights in any jurisdiction in the world; and (ii) maintain, protect, and enforce the same, including, without limitation, executing and delivering to Company, such affiliate, or designee any and all applications, oaths, declarations, affidavits, waivers, assignments, and other documents and instruments as shall be requested by the Company. The Executive hereby irrevocably grants the Company a power of attorney to execute and deliver any such documents on the Executive's behalf in the Executive's name and to do all other lawfully permitted acts to transfer any and all work product to the Company, its affiliate or designee, and further the transfer, issuance, prosecution, and maintenance of all Intellectual Property rights therein, to the full extent permitted by law, if the Executive does not promptly cooperate with the Company's request (without limiting the rights the Company or its affiliate shall have in such circumstances by operation of law). The power of attorney is coupled with an interest and shall not be impacted by the Executive's subsequent incapacity.
defense of inconvenient forum to the maintenance of any such action or proceeding in such venue.
. Entire Agreement. Unless specifically provided herein, this Agreement, together with the contains all of the understandings and representations between the Executive and the Company pertaining to the subject matter hereof and supersedes all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral, with respect to such subject matter.
(a) General Compliance. This Agreement is intended to comply with Section 409A or an exemption thereunder and shall be construed and administered in accordance with such intent. Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event and in a manner that complies with Section 409A or an applicable exemption. Any nonqualified deferred compensation payments under this Agreement that may be excluded from Section 409A either as separation pay due to an involuntary separation from service or as a short-term deferral shall be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under this Agreement shall be treated as a separate payment. Any payments to be made under this Agreement upon a termination of employment shall only be made upon a "separation from service" under Section 409A. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement comply with Section 409A, and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest, or other
expenses that may be incurred by the Executive on account of non-compliance with Section 409A.
(b) Specified Employees. Notwithstanding any other provision of this Agreement, if any payment or benefit provided to the Executive in connection with the Executive's termination of employment is determined to constitute "nonqualified deferred compensation" within the meaning of Section 409A and the Executive is determined to be a "specified employee" as defined in Section 409A(a)(2)(b)(i), then such payment or benefit shall not be paid until the first payroll date to occur following the six-month anniversary of the date of the Executive's termination or, if earlier, on the Executive's death (the "Specified Employee Payment Date"). The aggregate of any payments that would otherwise have been paid before the Specified Employee Payment Date shall be paid to the Executive in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments shall be paid without delay in accordance with their original schedule.
(c) Reimbursements. To the extent required by Section 409A, each reimbursement or in-kind benefit provided under this Agreement shall be provided in accordance with the following:
(i) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during each calendar year cannot affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year;
(ii) any reimbursement of an eligible expense shall be paid to the Executive on or before the last day of the calendar year following the calendar year in which the expense was incurred; and
(iii) any right to reimbursements or in-kind benefits under this Agreement shall not be subject to liquidation or exchange for another benefit.
The Executive's acceptance of continued employment with the Company and the performance of the Executive's duties hereunder will not conflict with or result in a violation of, a breach of, or a default under any contract, agreement, or understanding to which the Executive is a party or is otherwise bound.
The Executive's acceptance of employment with the Company and the performance of the Executive's duties hereunder will not violate any non-solicitation, non-competition, or other similar covenant or agreement of a prior employer or third-party.
[SIGNATURE PAGE FOLLOWS]
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
DATRON WORLD COMMUNICATIONS, INC.
DocuSigned by:
Mark Schmidt
By CB9EE73498DE446.
Name: Mark Schmidt
Title: CEO
BILAL MAADARANI
Signature: ) DocuSigned by:
DC39B0C6A2E9490 ...
Sale Type
Commission Percentage
Direct - regional
1.00%
FMS - regional
1.00%
Bookings by Other Sales Director(s)
0.50%
Orders booked in one region and delivered to another region (cross regional orders) will earn an equal revenue split between Sales Directors unless an alternative arrangement is mutually agreed to by the Sales Directors themselves, or others determined in writing by the CEO, in his sole discretion.
There will be no advances on earned commissions. The payment schedule for commissions is set forth in the Agreement to which this schedule is an exhibit.
At times, business conditions may require sales regions to be restructured or new sales regions to be created. The Sales Director relinquishing territory must identify prospects in writing to the CEO prior to the change of territory. After the effective date of the restructuring, commissions will be split between the respective Sales Directors as follows:
Booking of Order
Previous Sales Director % of Net Commission
New Sales Director % of Net Commission
100%
0%
75%
25%
50%
50%
180+ Days
0%
100%
For any order booked within 90 days of the date of restructuring, but not previously identified by the Sales Director relinquishing territory, a 50% commission split will be earned. New orders previously unidentified and booked after 90 days of the date of restructuring will be earned by the new Sales Director 100%.
IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF VIRGINIA RICHMOND DIVISION
HII MISSION TECHNOLOGIES CORP., Plaintiff
Case No. 3:25-cv-00483-JAG
V.
CYBERLUX CORP., et. al.,
Defendants.
CIV-100
ATTORNEY OR PARTY WITHOUT ATTORNEY:
STATE BAR NO: 281510
NAME: Howard D. Ruddell
FIRM NAME: Moore Ruddell LLP STREET ADDRESS: 21250 Hawthorne Blvd., Suite 500 CITY: Torrance TELEPHONE NO .: 310-792-7010
STATE: CA ZIP CODE: 90503
FAX NO .:
E-MAIL ADDRESS: hruddell@mooreruddell.com
ATTORNEY FOR (name): Plaintiff Bilal Maadarani
SUPERIOR COURT OF CALIFORNIA, COUNTY OF SAN DIEGO STREET ADDRESS: 330 West Broadway MAILING ADDRESS: 330 West Broadway CITY AND ZIP CODE: San Diego, CA 92101
BRANCH NAME: Hall of Justice
FOR COURT USE ONLY
ELECTRONICALLY FILED Superior Court of California, County of San Diego 12/23/2025 2:32:23 PM
Clerk of the Superior Court By J. Siharath ,Deputy Clerk
Plaintiff/Petitioner: Bilal Maadarani Defendant/Respondent: Datron World Communications, Inc.
REQUEST FOR (Application) :unselected: Court Judgment
:selected: Entry of Default :unselected: Clerk's Judgment
CASE NUMBER:
25CU062277C
Not for use in actions under the Fair Debt Buying Practices Act (Civ. Code, § 1788.50 et seq.); (see form CIV-105)
a. on (date): November 19, 2025
b. by (name): Plaintiff Bilal Maadarani
C. :selected: Enter default of defendant (names): Datron World Communications, Inc. d. :unselected: I request a court judgment under Code of Civil Procedure sections 585(b), 585(c), 989, etc., against defendant (names):
Enter clerk's judgment e. :unselected:
(Testimony required. Apply to the clerk for a hearing date, unless the court will enter a judgment on an affidavit under Code Civ. Proc., § 585(d).) (1) :unselected: for restitution of the premises only and issue a writ of execution on the judgment. Code of Civil Procedure section 1174(c) does not apply. (Code Civ. Proc., § 1169.) :unselected: Include in the judgment all tenants, subtenants, named claimants, and other occupants of the premises. The Prejudgment Claim of Right to Possession was served in compliance with Code of Civil Procedure section 415.46.
Amount
Credits acknowledged
Balance
a. Demand of complaint
$
$
$
b. Statement of damages*
$
$
$
$
$
$
c. Interest
$
$
$
d. Costs (see reverse)
$
$
$
e. Attorney fees
$
$
$
f. TOTALS
$
$
$
g. Daily damages were demanded in complaint at the rate of: $ per day beginning (date):
(* Personal injury or wrongful death actions; Code Civ. Proc., § 425.11.)
Date: December 23, 2025 Howard D. Ruddell
(TYPE OR PRINT NAME)
(SIGNATURE OF PLAINTIFF OR ATTORNEY FOR PLAINTIFF)
FOR COURT USE ONLY (2) :unselected: Default NOT entered as requested (state reason): Clerk, by
& Salute J. Siharath , Deputy
REQUEST FOR ENTRY OF DEFAULT (Application to Enter Default)
Code of Civil Procedure, §§ 585-587, 1169 www.courts.ca.gov
VOR
CIV-100
Plaintiff/Petitioner: Bilal Maadarani
CASE NUMBER:
Defendant/Respondent: Datron World Communications, Inc.
25CU062277C
a. Assistant's name:
b. Street address, city, and zip code:
c. Telephone no .:
d. County of registration:
e. Registration no .:
f. Expires on (date):
:unselected: is :selected: is not on an obligation for goods, services, loans, or extensions of credit subject to Code Civ. Proc., § 395(b).
b. :selected: mailed first-class, postage prepaid, in a sealed envelope addressed to each defendant's attorney of record or, if none, to each defendant's last known address as follows: (1) Mailed on (date): December 23, 2025 (2) To (specify names and addresses shown on the envelopes): Datron World Communications, Inc. 995 Joshua Way Suite A, Vista, CA 92081
Howard D. Ruddell
KB
(TYPE OR PRINT NAME)
(SIGNATURE OF DECLARANT)
a. Clerk's filing fees .
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$
b. Process server's fees
$
c. Other (specify): $
d. e. TOTAL
$
$
f. :unselected: Costs and disbursements are waived.
g. I am the attorney, agent, or party who claims these costs. To the best of my knowledge and belief this memorandum of costs is correct and these costs were necessarily incurred in this case.
Date:
(TYPE OR PRINT NAME)
(SIGNATURE OF DECLARANT)
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CIV-100
Plaintiff/Petitioner: Bilal Maadarani
CASE NUMBER:
Defendant/Respondent: Datron World Communications, Inc.
25CU062277C
No defendant/respondent named in item 1c is in the military service of the United States as defined by either the Servicemembers Civil Relief Act (see 50 U.S.C. § 3911(2)) or California Military and Veterans Code sections 400 and 402(f).
I know that no defendant/respondent named in item 1c is in the U.S. military service because (check all that apply): a. :unselected: the search results that I received from https://scra.dmdc.osd.mil/ say the defendant/respondent is not in the U.S. military service.
b. :unselected: I am in regular communication with the defendant/respondent and know that they are not in the U.S. military service.
C. :unselected: I recently contacted the defendant/respondent, and they told me that they are not in the U.S. military service. d. :unselected: I know that the defendant/respondent was discharged from U.S. military service on or about (date): e. :unselected: the defendant/respondent is not eligible to serve in the U.S. military because they are:
:unselected: incarcerated :unselected: a business entity f. :unselected: other (specify):
Note
. U.S. military status can be checked online at https://scra.dmdc.osd.mil/.
. If the defendant/respondent is in the military service, or their military status is unknown, the defendant/respondent is entitled to certain rights and protections under federal and state law before a default judgment can be entered. . For more information, see https://selfhelp.courts.ca.gov/military-defaults.
Date:
(TYPE OR PRINT NAME)
(SIGNATURE OF DECLARANT)
REQUEST FOR ENTRY OF DEFAULT (Application to Enter Default)
IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF VIRGINIA RICHMOND DIVISION
HII MISSION TECHNOLOGIES CORP., Plaintiff
Case No. 3:25-cv-00483-JAG
V.
CYBERLUX CORP., et. al.,
Defendants.
IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF VIRGINIA RICHMOND DIVISION
HII MISSION TECHNOLOGIES CORP., Plaintiff
V.
Case No. 3:25-cv-00483-JAG
CYBERLUX CORP., et. al.,
Defendants.
COMES NOW, Mr. Bilal Maadarani, interpleader defendant/claimant, through his undersigned counsel and states the following:
Datron's contract with Mr. Maadarani, the court pay to Mr. Maadarani $1,062,576.98.
WHEREFORE, Mr. Maadarani seeks judgment against Cyberlux and an order for payment of $1,062,576.98.
WHEREFORE, Mr. Maadarani seeks judgment against Cyberlux and an order for payment of $1,062,576.98 and attorney's fees.
WHEREFORE, Mr. Maadarani seeks an order of specific performance against Cyberlux directing it to give Mr. Maadarani full access to all of his equity in Cyberlux.
WHEREFORE, Mr. Maadarani respectfully requests the following relief:
A. A judgment directing that $1,062,576.98, plus applicable interest, and attorney's fees, be paid out of the interpleaded funds to Mr. Maadarani.
B. A judgment for specific performance directing Cyberlux to allow Mr. Maadarani full access, including authority to sell, to his three million series B shares of Cyberlux.
C. Such other relief as the court deems just and reasonable.
Dated: April 9, 2026 Pinellas County
Respectfully Submitted, LA
Mohamad A. Akbik, Esq.
(pending Pro Hac Vice admission)
FL Bar: 116366
Clearwater, FL 33756
Telephone:
727-223-3005
Facsimile:
727-223-3578
Email: akbiklaw@outlook.com
Keith Jarich
Keith A. Jaworski, Esq. (VSB #101178) WOODS ROGERS VANDEVENTER BLACK PLC 120 Garrett Street, Suite 304 Charlottesville, VA 22902 Telephone: 434-220-6825 Facsimile: 434-220-5687 Keith.Jaworski@woodsrogers.com
CERTIFICATE OF SERVICE
I hereby certify that on this 9th day of April, 2026, a true and correct copy of the foregoing was served via CM/ECF, upon all counsel of record.
Theith Parach
Keith A. Jaworski, Esq. (VSB #101178) WOODS ROGERS VANDEVENTER BLACK PLC 120 Garrett Street, Suite 304 Charlottesville, VA 22902 Telephone: 434-220-6825 Facsimile: 434-220-5687 Keith.Jaworski@woodsrogers.com
EXHIBIT
A
Employment Agreement
This Employment Agreement (the "Agreement") is made and entered into as of October 8, 2023, by and between Bilal Maadarani (the "Executive") resident at
, and Datron World Communications, Inc., a corporation organized under the laws of the State of California, with an address at 995 Joshua Way, Suite A, Vista, California 92081 (the "Company", and together with affiliates of the Company, the "Company Group").
WHEREAS, the Executive has been an employee of the Company and the Company desires to continue to employ the Executive on the terms and conditions set forth herein; and
WHEREAS, the Executive desires to be employed by the Company and provide services to the Company Group on such terms and conditions;
NOW, THEREFORE, in consideration of the mutual covenants, promises, and obligations set forth herein, the parties agree as follows:
2.1 Position. During the Employment Term, the Executive shall serve as the Chief Revenue Officer of the Company Group, reporting to the Chief Executive Officer (the "CEO") of the Company's parent company, Cyberlux Corporation, a corporation organized under the laws of the State of Nevada, with an address at 800 Park Offices Drive, Suite 3209, Research Triangle Park, NC 27709 ("Cyberlux"). In such position, the Executive shall have such duties, authority, and responsibilities at the Company Group as are established from time to time by the CEO, consistent with the Executive's position.
2.2 Duties. During the Employment Term, the Executive shall devote all of the Executive's business time and attention to the performance of the Executive's duties hereunder and will not engage in any other business, profession, or occupation for compensation or otherwise, without the prior written consent of the CEO.
DocuSignCase 3:25-cv-00483-JAGAB9-Document 163-1 Filed 04/09/26 Page 50 of 69 PageID# 2093
if such residence is outside San Diego County, the Executive shall provide no less than 30 days prior written notice of the anticipated work location. If permitting the Executive to work from such location would require business license registration of the Company, or tax reporting by the Company, the Executive shall be responsible for additional costs associated therewith. Subject to any health or safety concerns related to the COVID-19 pandemic or other similar extraordinary circumstances, unless mutually agreed between the Executive and the CEO, the Executive shall be required to spend on average two days per week in the office, when not travelling for the benefit of the Company Group. The Executive may be required to travel extensively on Company Group business during the Employment Term. The place of performance of this Agreement may be changed from time to time upon the mutual agreement of the Executive and the Company. The Executive hereby consents to the principal place of performance hereunder being changed to a location in Florida.
4.1 Signing Bonus. In recognition of the Executive's willingness to commit to a two-year Initial Term, the Company shall pay the Executive a one-time bonus in the amount of $525,000.00, payable during the month of October, 2023 (the "Signing Bonus"). The Executive understands and agrees that the Signing Bonus is directly related to his undertaking to remain with the Company for the Initial Term, and is therefore subject to clawback in the event of the Executive's termination during the Initial Term for Cause, or without Good Reason (each as defined below).
4.2 Base Salary. The Company shall pay the Executive an annual rate of base salary of U.S.$180,000.00 in periodic installments in accordance with the Company's customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive's annual base salary, as in effect from time to time, is hereinafter referred to as "Base Salary." The Base Salary shall be paid net of any income and payroll taxes to which such Base Salary is subject, and shall be paid by check denominated in U.S. dollars or deposited into an account of the Executive maintained with a U.S. National Association bank.
4.3 Commission. Commission shall be earned when sales are "booked" but shall be subject to clawback to the extent such sales are not effected within 365 days of the date booked.
(a) For each sale of Company Group products (the "Product") sold the Company shall pay the Executive a percentage commission on the Adjusted Commissionable Sales Amount (as defined below) according to the Schedule of Commissions set forth in Exhibit A hereto. For purposes hereof "Adjusted Commissionable Sales Amount" shall mean the net sales price for each sale of a Product, meaning the gross sale price for such Product, minus the sum of (i) the cost of production of such Product, including any development costs allocated thereto, (ii) the sales price of each Product unit returned to any Company Group member for credit and the related costs of returning such Product to such company, (iii) discounts to customers, (iv) freight and transportation costs (including insurance), (v) taxes, tariffs and duties related to the sale of the Products and (vi) installation and service charges.
(b) Commissions will not be earned in respect of training, engineering services, repair or warranty orders or any order the Adjusted Commissionable Sales Amount of which is (i) less than US$5,001.00 or (ii) less than 25% of the gross sale price of such product. In addition, "House Accounts" and unfunded orders shall not be eligible for commission. No commissions shall be earned in respect of any booked order that was not previously included in the Company Group's CRM funnel or forecast prior to booking will not be eligible. Any exceptions to the limitations set forth in the immediately preceding three sentences shall be in the sole discretion of applicable member of the Company Group and shall require the approval the CEO, and the acknowledgement of the Executive.
(c) The Company Group reserves the right to designate specific accounts or sales opportunities as "Strategic Accounts" or "House Accounts". Commission rates in respect of such accounts shall be determined in the sole discretion of the applicable member of the Company Group and will be identified in writing. Any commission to be paid in respect of any Strategic Account shall require the approval the CEO, and the acknowledgement of the Executive.
(d) Earned commissions shall be payable to the Executive on the following schedule:
(i) 50% no later than second payroll period of the fiscal month following 90 days after the original booking date; and
(ii) 50% on the second payroll of the fiscal moth following 240 days after the original booking date; provided that,
(iii) In respect of orders with an Adjusted Commissionable Sales Amount in excess of US$5,000,000.00, the first 50% shall be payable at the election of the Company in equal instalments on the normal payroll dates for a period not to exceed five (5) months, and commencing no later than the second payroll period of the month following 180 days after original booking date; and
(iv) the balance of such commission will be paid pro-rata to amounts received by the applicable member of the Company Group from the applicable customer, until the applicable commission is paid in full (i.e. if the customer pays US$100,000.00, and the applicable Adjusted Commissionable Sales Amount thereof is $60,000.00, and the Executive's commission rate in respect of such sale is 1%, the Company shall pay US$600.00 to the Executive) in the second normal payroll period following receipt thereof by the applicable member of the Company Group.
Notwithstanding the foregoing, the Company and the Executive may mutually agree to alternative commission payment schedules in respect of any order or any customer.
4.1 Annual Bonus.
(a) The Executive shall be eligible to receive an annual bonus (the "Annual Bonus"). However, the decision to provide any Annual Bonus and the amount and terms of any Annual Bonus shall be in the sole and absolute discretion of the CEO, in consultation with the Company and other members of the Company Group (collectively, the "Compensation Committee"). To the extent that Cyberlux or the Company establishes a compensation committee of the board of directors of such Company, such committee, together with the CEO (if not a member thereof) shall for purposes hereof be the "Compensation Committee"). Each year an eligibility threshold shall be set by the Compensation Committee. For 2023, the Executive's Annual Bonus eligibility threshold is set at $20,000,000.00 of booked sales.
(b) In order to be eligible to receive an Annual Bonus, the Executive must be employed by the Company on the date that Annual Bonuses are paid by the Company.
4.2 Equity Awards. During the Employment Term, the Executive shall be eligible to participate in any employee or executive equity awards program, subject to the terms of the applicable plan, as determined by the Board or the Compensation Committee, in its discretion.
4.3 Fringe Benefits and Perquisites. During the Employment Term, the Executive shall be entitled to fringe benefits and perquisites consistent with those provided to similarly situated executives of the Company.
4.4 Employee Benefits. During the Employment Term, the Executive shall be entitled to participate in all employee benefit plans, practices, and programs maintained by the Company, as in effect from time to time (collectively, "Employee Benefit Plans") to the extent consistent with applicable law and the terms of the applicable Employee Benefit Plans. The Company reserves the right to amend or terminate any Employee Benefit Plans at any time in its sole discretion, subject to the terms of such Employee Benefit Plan and applicable law.
4.5 Vacation: Paid Time Off. During the Employment Term, the Executive shall be entitled to [ten (10)] of paid vacation days per calendar year (prorated for partial years) in accordance with the Company's vacation policies, as in effect from time to time. The Executive shall receive other paid time off in accordance with the Company's policies for executive officers as such policies may exist from time to time and as required by applicable law.
4.6 Business Expenses. The Executive shall be entitled to reimbursement for all reasonable and necessary out-of-pocket business, and travel expenses incurred by the Executive in connection with the performance of the Executive's duties hereunder in accordance with the Company's expense reimbursement policies and procedures.
4.7 Indemnification. The Company shall indemnify and hold the Executive harmless as contemplated by the Company's bylaws for acts and omissions in the Executive's capacity as an officer, director, or employee of the Company.
4.8 Clawback Provisions. Any amounts payable under this Agreement are subject to the provisions of this Agreement, and any policy (whether in existence as of the Effective Date or later adopted) established by the Company providing for clawback or recovery of amounts that were paid to the Executive. The Compensation Committee will make any determination for clawback or recovery in its sole discretion and in accordance with any applicable law or regulation.
5.1 Upon or After the Expiration of the Initial Term: For Cause or Without Good Reason.
(a) The Executive's employment hereunder may be terminated (x) by the Company (A) upon or after the expiration of the Initial Term or (B) for Cause at any time, or (y) by the Executive (A) without Good Reason at any time or (B) with Good Reason on or after the expiration of the Initial Term, and the Executive shall be entitled to receive:
(i) any accrued but unpaid Base Salary, earned commission (i.e. on sales booked prior to termination), and accrued but unused vacation which shall be paid in accordance with the Company's customary payroll procedures; provided that the Company may accelerate the payment of commission, in its sole discretion;
(ii) reimbursement for unreimbursed business expenses properly incurred by the Executive, which shall be subject to and paid in accordance with the Company's expense reimbursement policy; and
(iii) such employee benefits (including equity compensation), if any, to which the Executive may be entitled under the Company's employee benefit plans as of the date of the Executive's termination; provided that, in no event shall the Executive be entitled to any payments in the nature of severance or termination payments except as specifically provided herein.
Items 5.1(a)(i) through 5.1(a)(iii) are referred to herein collectively as the "Accrued Amounts."
(b) ) For purposes of this Agreement, "Cause" shall mean:
(i) the Executive's failure to perform the Executive's duties (other than any such failure resulting from incapacity due to physical or mental illness);
(ii) the Executive's failure to comply with any valid and legal directive of the CEO, the board of directors of the Company or the board of directors of Cyberlux;
(iii) the Executive's engagement in dishonesty, illegal conduct, or misconduct, which is, or reasonably could be expected to be, injurious to the Company or any of its affiliates;
(iv) the Executive's embezzlement, misappropriation, or fraud, whether or not related to the Executive's employment with the Company;
(v) the Executive's conviction of or plea of guilty or nolo contendere to a crime that constitutes a felony (or state law equivalent) or a crime that constitutes a misdemeanor involving moral turpitude;
(vi) the Executive's violation of the Company's or Company Group's written policies or codes of conduct, including written policies related to discrimination, harassment, performance of illegal or unethical activities, and ethical misconduct;
(vii) the Executive's material breach of any obligation under this Agreement or any other written agreement between the Executive and any member of the Company Group; or
(viii) the Executive's engagement in conduct that brings or is reasonably likely to bring the Company or any of its affiliates, or their respective officers or directors negative publicity or into public disgrace, embarrassment, or disrepute.
(c) For purposes of this Agreement, "Good Reason" shall mean the occurrence of any of the following, in each case during the Employment Term without the Executive's prior written consent:
(i) a reduction in the Executive's Base Salary other than a general reduction in Base Salary that affects all similarly situated executives in substantially the same proportions;
(ii) a relocation of the Executive's principal place of employment by more than [1,000] miles from either Vista, California or Florida (it being understood that the relocation of the Company headquarters to Florida is under consideration, and the place of performance in Florida is consented to by the Executive);
(iii) any material breach by the Company of any material provision of this Agreement or any material provision of any other agreement between the Executive and any member of the Company Group; or
(iv) a material, adverse change in the Executive's authority, duties, or responsibilities (other than temporarily or as required by applicable law).
To terminate the Executive's employment for Good Reason, the Executive must provide written notice to the Company of the existence of the circumstances providing grounds for termination for Good Reason within ten (10) days of the initial existence of such grounds and the Company must have at least thirty (30) days from the date on which such notice is provided to cure such circumstances. If the Executive does not terminate the Executive's employment for Good Reason within thirty (30) days after the first occurrence of the applicable grounds, then the Executive will be deemed to have waived the Executive's right to terminate for Good Reason with respect to such grounds.
5.2 Prior to the End of the Initial Term Without Cause or for Good Reason. The Employment Term and the Executive's employment hereunder may be terminated prior to the end of the Initial Term (x) by the Executive for Good Reason or (y) by the Company without Cause. In the event of such termination, subject to the Executive's compliance with Section 6 of this Agreement and the agreements referenced therein and the Executive's execution, within 45 days following receipt, of a release of claims in favor of the Company, its affiliates and their respective officers and directors in a form provided by the Company (the "Release", and such 45-day period, the "Release Execution Period"), and the Release becoming effective according to its terms:
(a) The Executive shall be entitled to receive:
(i) The Accrued Amounts as set forth above, plus
(ii) Equal installment payments payable in accordance with the Company's normal payroll practices, but no less frequently than monthly, which are in the aggregate equal to [50%] of the Base Salary calculated for the period between the termination date and the final day of the Initial Term; payable over the course of time nearly as possible equal to [50%] of the remaining period of the Initial Term.
(b) The treatment of any outstanding equity awards shall be determined in accordance with the terms of the plan pursuant to which any such award is granted, and the applicable award agreements.
5.3 Prior to the End of the Initial Term with Cause or Without Good Reason. The Employment Term and the Executive's employment hereunder may be terminated prior to the end of the Initial Term (x) by the Executive without Good Reason or (y) by the Company with Cause. In the event of such termination:
(a) The Executive shall be entitled to receive the Accrued Amounts set forth above.
(b) The Executive shall be required to pay to the Company that amount obtained by multiplying $525,000 by the number obtained by dividing (x) the number of days remaining in the Initial Term by (y); 731 :
(c) The treatment of any outstanding equity awards shall be determined in accordance with the terms of the plan pursuant to which any such award is granted, and the applicable award agreements.
5.4 Death or Disability.
(a) The Executive's employment hereunder shall terminate automatically upon the Executive's death during the Employment Term, and the Company may terminate the Executive's employment on account of the Executive's Disability.
b) If the Executive's employment is terminated during the Employment Term on account of the Executive's death or Disability, the Executive (or the Executive's estate and/or beneficiaries, as the case may be) shall be entitled to receive the Accrued Amounts. Notwithstanding any other provision contained herein, all payments made in connection with the Executive's Disability shall be provided in a manner which is consistent with applicable law.
(c) For purposes of this Agreement, "Disability" shall mean the Executive's inability, due to physical or mental incapacity, to perform the essential functions of the Executive's job, with or without reasonable accommodation, for one hundred eighty (180) days out of any three hundred sixty-five (365) day period or one hundred twenty (120) consecutive days. Any question as to the existence of the Executive's Disability as to which the Executive and the Company cannot agree shall be determined in writing by a qualified independent physician mutually acceptable to the Executive and the Company. The determination of Disability made in writing to the Company and the Executive shall be final and conclusive for all purposes of this Agreement.
5.5 Notice of Termination. Any termination of the Executive's employment hereunder by the Company or by the Executive during the Employment Term (other than termination pursuant to Section 5.4(a) on account of the Executive's death) shall be communicated by written notice of termination ("Notice of Termination") to the other party hereto in accordance with Section 16. The Notice of Termination shall specify:
(a) the termination provision of this Agreement relied upon;
(b) to the extent applicable, the facts and circumstances claimed to provide a basis for termination of the Executive's employment under the provision so indicated; and
(c) the applicable date of termination, which shall be no less than thirty (30) days following the date on which the Notice of Termination is delivered if the Company terminates the Executive's employment without Cause; provided that, the Company shall have the option to provide the Executive with a lump sum payment in lieu of such notice.
5.6 Resignation of All Other Positions. Upon termination of the Executive's employment hereunder for any reason, the Executive shall be deemed to have resigned from all positions that the Executive holds as an officer or member of the Board (or a committee thereof) of the Company and any of its affiliates.
. Confidential Information and Restrictive Covenants. As a condition of the Executive's continued employment with the Company:
(a) Ownership of Intellectual Property. The Executive acknowledges and agrees that (a) as between the Company Group and the Executive, the Company (or one of its affiliates, as applicable) owns all interests in any patents, trademarks, copyrights, domain names, works of authorship, trade secrets, or any other intellectual property (collectively, "Intellectual Property") in or in respect of the Products and (b) the Executive shall not acquire any ownership of Intellectual Property owned by or licensed to the Company or any of its affiliates, under this Agreement. Representative shall use the Company's Intellectual Property solely for the purposes of performing its obligations under this Agreement. All developments, inventions and other things in which intellectual property rights may be asserted, developed by, or with input from the Executive during the Employment Term, are solely the Intellectual Property rights of the Company (to be used, transferred, licensed or otherwise exploited or not exploited by the Company in its sole discretion).
(b) Non-Disclosure Obligation. The Executive affirms that (i) prior to the Effective Date, he has, and (ii) on and after the Effective Date (both during the Employment Term and thereafter) he agrees that he will, treat as confidential and secret all information, discoveries, customer lists, trade secrets, documents, bids, proposals, contracts, marketing plans and strategies, computer software, proprietary computer hardware, pricing, pricing policies, financial information, and other information and data made available to him during or prior to the Employment Term that has not become public information, and that it will not, directly or indirectly, make known, divulge or use any such information, discovery, secret, document, plan, policy, or data, other than in accordance with this Agreement or as required by law. The Executive affirms that (i) prior to the Effective Date, he has, and (ii) on and after the Effective Date (both during the Employment Term and thereafter) he agrees that he will comply with all Confidential Information and similar policies of the Company as in effect from time to time.
(c) Injunctive Relief Availability. Notwithstanding the "Arbitration of Disputes" Section of this Agreement, in the event of a breach or threatened breach by the Executive of the provisions of this Section, the Company shall be entitled to an injunction restraining the Executive from disclosing, in whole or in part, the
confidential information identified in this Section, or from rendering any services to any person, firm, corporation, association or other entity to whom such confidential information, in whole or in part, has been disclosed or is threatened to be disclosed. Nothing herein shall be construed as prohibiting any member of the Company Group from pursuing any other remedies available to such company for such breach or threatened breach, including the recovery of damages from the Executive.
(d) 1) Further Assurances; Power of Attorney. During and after the Employment Term. the Executive agrees to reasonably cooperate with the Company to (i) apply for, obtain, perfect, and transfer to the Company, any of its affiliates, or such person's designee all Intellectual Property rights in any jurisdiction in the world; and (ii) maintain, protect, and enforce the same, including, without limitation, executing and delivering to Company, such affiliate, or designee any and all applications, oaths, declarations, affidavits, waivers, assignments, and other documents and instruments as shall be requested by the Company. The Executive hereby irrevocably grants the Company a power of attorney to execute and deliver any such documents on the Executive's behalf in the Executive's name and to do all other lawfully permitted acts to transfer any and all work product to the Company, its affiliate or designee, and further the transfer, issuance, prosecution, and maintenance of all Intellectual Property rights therein, to the full extent permitted by law, if the Executive does not promptly cooperate with the Company's request (without limiting the rights the Company or its affiliate shall have in such circumstances by operation of law). The power of attorney is coupled with an interest and shall not be impacted by the Executive's subsequent incapacity.
defense of inconvenient forum to the maintenance of any such action or proceeding in such venue.
(a) General Compliance. This Agreement is intended to comply with Section 409A or an exemption thereunder and shall be construed and administered in accordance with such intent. Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event and in a manner that complies with Section 409A or an applicable exemption. Any nonqualified deferred compensation payments under this Agreement that may be excluded from Section 409A either as separation pay due to an involuntary separation from service or as a short-term deferral shall be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under this Agreement shall be treated as a separate payment. Any payments to be made under this Agreement upon a termination of employment shall only be made upon a "separation from service" under Section 409A. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement comply with Section 409A, and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest, or other
expenses that may be incurred by the Executive on account of non-compliance with Section 409A.
(b) Specified Employees. Notwithstanding any other provision of this Agreement, if any payment or benefit provided to the Executive in connection with the Executive's termination of employment is determined to constitute "nonqualified deferred compensation" within the meaning of Section 409A and the Executive is determined to be a "specified employee" as defined in Section 409A(a)(2)(b)(i), then such payment or benefit shall not be paid until the first payroll date to occur following the six-month anniversary of the date of the Executive's termination or, if earlier, on the Executive's death (the "Specified Employee Payment Date"). The aggregate of any payments that would otherwise have been paid before the Specified Employee Payment Date shall be paid to the Executive in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments shall be paid without delay in accordance with their original schedule.
(c) Reimbursements. To the extent required by Section 409A, each reimbursement or in-kind benefit provided under this Agreement shall be provided in accordance with the following:
(i) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during each calendar year cannot affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year;
(ii) any reimbursement of an eligible expense shall be paid to the Executive on or before the last day of the calendar year following the calendar year in which the expense was incurred; and
(iii) any right to reimbursements or in-kind benefits under this Agreement shall not be subject to liquidation or exchange for another benefit.
The Executive's acceptance of continued employment with the Company and the performance of the Executive's duties hereunder will not conflict with or result in a violation of, a breach of, or a default under any contract, agreement, or understanding to which the Executive is a party or is otherwise bound.
The Executive's acceptance of employment with the Company and the performance of the Executive's duties hereunder will not violate any non-solicitation, non-competition, or other similar covenant or agreement of a prior employer or third-party.
[SIGNATURE PAGE FOLLOWS]
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
DATRON WORLD COMMUNICATIONS, INC.
DocuSigned by:
By Mark Schmidt
GB0EE73408DE446
Name: Mark Schmidt
Title: CEO
BILAL MAADARANI
Signature: 0 DocuSigned by:
DC3980G6AZE9490 ..
Sale Type
Commission Percentage
Direct - regional
1.00%
FMS - regional
1.00%
Bookings by Other Sales Director(s)
0.50%
Orders booked in one region and delivered to another region (cross regional orders) will earn an equal revenue split between Sales Directors unless an alternative arrangement is mutually agreed to by the Sales Directors themselves, or others determined in writing by the CEO, in his sole discretion.
There will be no advances on earned commissions. The payment schedule for commissions is set forth in the Agreement to which this schedule is an exhibit.
At times, business conditions may require sales regions to be restructured or new sales regions to be created. The Sales Director relinquishing territory must identify prospects in writing to the CEO prior to the change of territory. After the effective date of the restructuring, commissions will be split between the respective Sales Directors as follows:
Booking of Order
Previous Sales Director % of Net Commission
New Sales Director % of Net Commission
100%
0%
75%
25%
50%
50%
180+ Days
0%
100%
For any order booked within 90 days of the date of restructuring, but not previously identified by the Sales Director relinquishing territory, a 50% commission split will be earned. New orders previously unidentified and booked after 90 days of the date of restructuring will be earned by the new Sales Director 100%.
Page 64 of 69 PageID#
From: Mark Schmidt <mschmidt@cyberlux.com> Sent: Wednesday, July 2, 2025 3:49 PM To: Bill Maadarani <bmaadarani@cyberlux.com> Subject: Re: Bill's exit path
Brother, I've been trying find words to express my remorse over this situation and have failed to find any that are adequate. I can say my relationship with you, both our professional and our friendship, is one of the most important ones I've had in my life, period. What we've done and the times we've had will be the highlights I will always remember, no matter what. I truly hope we can find a path forward that works for you.
The impact on customers and our reps is unacceptable - I have been dying inside over this and its impact across the company should have never happened. Between Hll and Legalist, we have been pushed into this corner and have to fight our way out, fighting all our enemies.
I don't want to leave anything to chance if we can find a path forward. Anything is on the table, other than Denis back coming in:
· Retention bonus ($1M over next four quarters)
· Base salary increase to $250K with revised commission structure, TBD
· Notes and commissions paid out of HIl money asap
· Position of President if you want that now
· Board of Directors? You should likely wait until we have D&O insurance soon then join
· Co-share all decision-making between you, me and Chris plus Loren on cash
· Ultimately we'll bring in a new CEO and I'll move to Chairman as soon as we can execute a strategic plan like the one I've attached from Roman V - where we uplist to NASDAQ for example, including changing the Cyberlux name. Roman also has Trump ties and we will get significant Trump-universe board membership.
We are talking to good capital partners now and you need to understand the environment and future. Loren is ready to discuss at any point. I have attached the cash flow worksheet from Loren that gives you the operating detail. Loren is available for discussion whenever you have time.
I know you have a dire outlook and I understand. I'm not sure who is advising you, but we are making meaningful progress, and anyone on our team is available to discuss specifics. Attached is the Stay on the receiver and a Cease and Desist that effectively ends him. This was done over the last 2 days and clears up the matter significantly, with only what the receiver will be paid per the upcoming court decision. We were never in 'receivership' as I said, and now this receiver is boxed up. I have the lead attorney, Jeff Brown, standing by to speak with you about the whole situation so you have the full picture.
All this is unacceptable I know. We've not been paid by HIl per the contract modification, Legalist has reneged on the new loan agreement, and lawyers have made mistakes, all that led to where we are. All I know to do is fight our enemies every day like I am, to resolve the critical matters as fast as possible. You should never have to address this kind of situation with customers and reps. I will work a plan with you for the reps where we make the commission payments and pay bonuses where you decide, for the missed shipments and customer delivery issues. I will do whatever is necessary to correct these issues.
There is a lot here and I am open to anything and available to discuss at any point.
I love ya Brother - Mark
Mark Schmidt | President and CEO mschmidt@cyberlux.com 919-434-6608
CYBERLUX® Harnessing the Future
Visit our Website
From: Bill Maadarani <bmaadarani@cyberlux.com>
Sent: Tuesday, July 1, 2025 6:15 AM To: Patrick Godfrey <pgodfrey@cyberlux.com> Cc: Mark Schmidt <mschmidt@cyberlux.com>; Chris Barter <cbarter@cyberlux.com>
Subject: Bill's exit path
Patrick,
I would like to schedule a day to discuss my negotiated exit out of Cyberlux. I'm seeking your assistance in providing me feedback from the CEO of Cyberlux on the following attachments:
Please schedule a meeting for me to discuss this if possible. I'll wait to hear back from the team.
Bill W. Maadarani |Cyberlux Corporation |Datron World Communications, Inc.
Bmaadarani@cyberlux.com | Bmaadarani@dtwc.com Chief Revenue Officer 995 Joshua Way, Vista, CA 92081 |www.dtwc.com Cell: 1-586-405-0069 | Cell; +961-71-008726 Performance You Require. Value You Expect™M
DIPLOMATIC SECURITY SERVICE OSAC PUBLIC PRIVATE PARTNERSHIP
BILL MAADARANI
CYBERLUX CORPORATION PREFERRED B ( ACCOUNT STATEMENT As of: 10/21/2025
Acct#: 10
RESTRICTED
3,000,000
BOOK-ENTRY SHARES SUMMARY
Free Trading Book-Entry Shares:
Restricted Book-Entry Shares:
3,000,000
Total Book-Entry Shares:
3,000,000
Book Shares:
3,000,000.0000
Total Shares:
3,000,000.0000
*Price Per Share As of 10/21/2025: Market Value of Holdings: Cost Basis ($):
TAX LOT Certificate #
DETAIL Acquired
Disposed
Lot Shares
Basis/Share
Total Cost ($)
Gift/Inher
Gift Date
Gift FMV ($)
02/28/2024
3,000,000.0000
3,000,000
Original source file
- File
- ip-hii-edva-00483-doc-0163-exhibit-1.pdf
- Source UID
- source:7e949d33ed0003be3c20e23538179143ca8445958b2dfff4f3e8a72a465d54a3
- Full SHA-256
- 7e949d33ed0003be3c20e23538179143ca8445958b2dfff4f3e8a72a465d54a3