Exhibit 10.56

 

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Corporate Address:

1130 Powers Ferry Place

Marietta, GA 30067

 

Mailing Address:

2146 Roswell Road

Suite 108-851

Marietta, GA 3006

 

 

 

 

December 11th, 2025

 

Dear Steve,

 

We are pleased to offer you the position of Chief Growth Officer at QumulusAI, reporting to the Chief Executive Officer. This offer document supersedes and replaces all previous offers, whether implied, written, or accepted.

 

Position and Start Date

 

As Chief Growth Officer you will be a full-time employe under our WAHA Technologies Inc. entity. Your role will be remote but may require frequent travel. Your start date will be December 16, 2025.

 

Compensation and Benefits

 

Base Salary: You will receive a starting annual base salary of $265,000 payable in accordance with the Company’s standard payroll schedule and is subject to all applicable taxes and withholdings.

 

Bonus: You will receive a signing bonus in the amount of $55,208.33 for your efforts in 2025. For the calendar year 2026, you will be eligible to receive an annual target bonus of 35% of your base salary.

 

Equity Incentive: As part of your total compensation, you will be eligible to receive an initial Restricted Stock Units (RSUs) of $275,000 in value (in addition to the $225,000 as part of your chairman role – for a total of $500,000). This RSU grant will be subject to a vesting schedule and other terms and conditions of the Company’s Equity Incentive Plan (the “Plan”), which is currently being drafted and will be distributed upon completion and adoption by the Board of Directors. Annual RSU refreshes will be at the board of directors approval.

 

Payroll: Payroll is processed on the 5th and the 20th each month. All payroll is direct deposit (no physical/paper checks will be created). The pay-period for the 1st – 15th of each month is direct deposited on the 20th; the pay-period for the 16th – last day of the month is direct deposited on the 5th.

 

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Other Benefits:

 

PTO: Paid Time Off (PTO) hours are accrued monthly upon hire and re-sets by the calendar year. PTO is accessible to the employees after their first 90 days of employment. PTO is allocated as follows:

Upon Hire – 3 weeks (15 days/120 hours) accrued at 10.0 PTO hours per month

At 3 years – 4 weeks (20 days/160 hours) accrued at 13.33 hours per month

At 5 years the maximum PTO limit is met – 5 weeks (25 days/200 hours) accrued at 16.66 hours per month

Health Insurance: Health benefits are paid in part by the company. The remainder of the costs is the employee’s responsibility.

Medical Plan = Anthem Blue Cross Blue Shield: Company pays 80% of Employee premium (including premium for spouse and dependents); Employee pays 20% of premium.

Dental Plan = Principal Insurance: Company pays 100% of premium (including premium for spouse and dependents)

Vision = Principal Insurance: Company pays 100% of premium (including premium for spouse and dependents)

FSA = Flexible Savings Plan through Employment Benefits Corporation: 100% employee funded; participation is optional.

Long Term Disability = Principal Insurance: Company pays 100% of premium for long-term disability policy for the employee (not applicable for spouses and dependents)

Life Insurance: Life/Accidental Death & Dismemberment (ADD) = Principal Insurance: Company pays 100% of premium for a $50,000 policy for the employee (not applicable for spouse and dependents)

401k Retirement Plan: Immediate participation available. You are automatically enrolled at the voluntary elective contribution of 6%, which can be adjusted or declined by you through My.ADP.com, or the ADP App. Currently, the company does not match employee contributions.

Safe harbor matching contribution: In order to maintain “safe harbor” status, your Employer will make a safe harbor matching contribution equal to 100% of your salary deferrals that do not exceed 3% of your compensation plus 50% of your salary deferrals between 3% and 5% of your compensation. This safe harbor matching contribution is 100% vested.

 

Conditions of Employment

 

Your employment with QumulusAI is contingent upon the results of a background check and verification of employment eligibility under the Immigration Reform and Control Act (Form 1-9).

 

As a full-time employee of QumulusAI you agree to abide by all QumulusAI employment policies, including but not limited to confidentiality, conflict of interest, and intellectual property provisions.

 

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At Will Employment

 

Please understand that your employment with QumulusAI will be “at-will. This means that either you or the company may terminate the employment relationship at any time, with or without cause or advance notice.

 

We are thrilled at the possibility of you joining QumulusAI and look forward to working with you to further the success of QumulusAI. Please indicate your acceptance of this offer by signing and returning this letter.

 

Sincerely,

 

/s/ Michael Maniscalco

 

Michael Manisclaco

Chief Executive Officer

 

 

Accepted and Agreed:

 

Signature: /s/ Steve Gertz             

 

Printed Name: Steve Gertz           

 

Date: 12/16/2025                          

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