Balance Labs, Inc. (BLNC) — Current Report

Key Insights

• Balance Labs, Inc. has appointed a new President and Chief Operating Officer, Alexander Farkas, who brings experience in energy systems, early-stage investing, and digital assets, which aligns with the company's mission.
• The compensation package for the new President and COO includes a base salary of $120,000, a target bonus of 65% of base salary, and the ability to receive the bonus in the company's common stock.
• The employment agreement with the new President and COO has an initial two-year term with automatic renewal, and provisions for termination, including severance payments in the event of termination without cause or resignation for good reason.