Letter Agreement, as amended, between LUVU Brands, Inc. and Chris Knauf dated January 11, 2024

EX-10.1 2 luvu_ex101.htm EX 10.1 luvu_ex101.htm

EXHIBIT 10.1

LUVU Brands, Inc.

2745 Bankers Industrial Dr

Atlanta, GA 30360

Amendment to Knauf Employment Agreement dated January 18^th, 2024

Upon mutual agreement between the Board of Director for LUVU Brands, Inc. and Christopher Knauf, the following amendment to the Employment Agreement dated January 18, 2024 is agreed:

	·		Stock options - 200,000 stock option will be granted on April 1, 2024 and an additional 200,000 will be granted on July 1,2024. No options will be granted prior to those dates.


/s/ Louis Friedman			/s/ Christopher Knauf
Louis Friedman, CEO			Christopher Knauf
Date: 2/14/24			Date: 2/14/24

LUVU Brands, Inc.

2745 Bankers Industrial Dr

Atlanta, GA 30360

I am pleased to offer you the position of Chief Financial Officer for Luvu Brands.

Chief Financial Officer

Reports to: CEO

Direct reporting: Treasurer, A/R & A/P Accountants

Goals - Develop strategic plans to improve our Company’s overall financial health and shareholder value. Responsibilities: Per the list provided.

Compensation:

	·	Annual Salary: $150,000

	·	After CFO position is assumed: $160,000 (fractional CFO terminated)

	·	Stock options - 200,000 upon joining – 200,000 options in 6 month.

	·	PTO - 14 days per year + 7 holidays – see handbook for details. PTO accrual starting 90 days of employment.

	·	United Healthcare – Company sponsored plan is available the first of the month following 60 days. There is a choice of two plans that are subsidized by the Company. Aflac Insurance also offers assorted group plans at various prices – check for sign-up dates.


/s/ Louis Friedman			/s/ Christopher Knauf
Louis Friedman, CEO			Christopher Knauf
Date: 1/11/24			Date: 1/11/24