Quarterly report pursuant to Section 13 or 15(d)

EMPLOYMENT ARRANGEMENTS AND OTHER AGREEMENTS

EMPLOYMENT ARRANGEMENTS AND OTHER AGREEMENTS	9 Months Ended
Sep. 30, 2021
Employment Arrangements And Other Agreements
EMPLOYMENT ARRANGEMENTS AND OTHER AGREEMENTS	NOTE H - EMPLOYMENT ARRANGEMENTS AND OTHER AGREEMENTS [1] The Company's Chairman and Chief Executive Officer currently serves on an at-will basis at an annual base salary of $535,000. The Company's Chairman and Chief Executive Officer had served pursuant to a five-year employment agreement with the Company which expired in July 2021 (the "Prior Agreement"). Under certain terms of the Prior Agreement which survived its expiration, so long as the Chairman and Chief Executive Officer continues to serve as an executive officer of the Company, whether pursuant to the agreement or otherwise, the Chairman and Chief Executive Officer receives incentive compensation in an amount equal to 5% of the Company's gross royalties or other payments from Licensing Activities (as defined) (without deduction of legal fees or any other expenses) with respect to its Remote Power Patent and a 10% net interest (gross royalties and other payments after deduction of all legal fees and litigation expenses related to licensing, enforcement and sale activities, but in no event shall he receive less than 6.25% of the gross recovery) of the Company's royalties and other payments relating to Licensing Activities with respect to patents other than the Remote Power Patent (including the Mirror Worlds Patent Portfolio, Cox Patent Portfolio and M2M/IoT Patent Portfolio) (collectively, the "Incentive Compensation"). During the three months ended September 30, 2021 and 2020, the Chairman and Chief Executive Officer earned Incentive Compensation of $850,000 and $208,000, respectively. During the nine months ended September 30, 2021 and 2020, the Chairman and Chief Executive Officer earned Incentive Compensation of $1,785,000 and $218,000, respectively. NOTE H - EMPLOYMENT ARRANGEMENTS AND OTHER AGREEMENTS (continued) [2] The Company’s Chief Financial Officer serves on an at-will basis at an annual base salary of $175,000 and is eligible to receive incentive or bonus compensation on an annual basis in the discretion of the Company’s Compensation Committee. [3] The Company’s Executive Vice President serves on an at-will basis at an annual base salary of $200,000 and is eligible to receive incentive or bonus compensation on an annual basis in the discretion of the Company’s Compensation Committee.

EMPLOYMENT ARRANGEMENTS AND OTHER AGREEMENTS

9 Months Ended

Sep. 30, 2021

Employment Arrangements And Other Agreements

EMPLOYMENT ARRANGEMENTS AND OTHER AGREEMENTS

NOTE H - EMPLOYMENT ARRANGEMENTS AND OTHER AGREEMENTS

[1] The Company's Chairman and Chief Executive Officer currently serves on an at-will basis at an annual base salary of $535,000. The Company's Chairman and Chief Executive Officer had served pursuant to a five-year employment agreement with the Company which expired in July 2021 (the "Prior Agreement"). Under certain terms of the Prior Agreement which survived its expiration, so long as the Chairman and Chief Executive Officer continues to serve as an executive officer of the Company, whether pursuant to the agreement or otherwise, the Chairman and Chief Executive Officer receives incentive compensation in an amount equal to 5% of the Company's gross royalties or other payments from Licensing Activities (as defined) (without deduction of legal fees or any other expenses) with respect to its Remote Power Patent and a 10% net interest (gross royalties and other payments after deduction of all legal fees and litigation expenses related to licensing, enforcement and sale activities, but in no event shall he receive less than 6.25% of the gross recovery) of the Company's royalties and other payments relating to Licensing Activities with respect to patents other than the Remote Power Patent (including the Mirror Worlds Patent Portfolio, Cox Patent Portfolio and M2M/IoT Patent Portfolio) (collectively, the "Incentive Compensation"). During the three months ended September 30, 2021 and 2020, the Chairman and Chief Executive Officer earned Incentive Compensation of $850,000 and $208,000, respectively. During the nine months ended September 30, 2021 and 2020, the Chairman and Chief Executive Officer earned Incentive Compensation of $1,785,000 and $218,000, respectively.

NOTE H - EMPLOYMENT ARRANGEMENTS AND OTHER AGREEMENTS (continued)

[2] The Company’s Chief Financial Officer serves on an at-will basis at an annual base salary of $175,000 and is eligible to receive incentive or bonus compensation on an annual basis in the discretion of the Company’s Compensation Committee.

[3] The Company’s Executive Vice President serves on an at-will basis at an annual base salary of $200,000 and is eligible to receive incentive or bonus compensation on an annual basis in the discretion of the Company’s Compensation Committee.