{"url_path":"/sec/cik-0001465470/10-k/2026/item-11","section_key":"item-11","section_title":"Item 11 EXECUTIVE COMPENSATION**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-07-22","source_url":"https://www.sec.gov/Archives/edgar/data/1465470/0001493152-26-034187-index.html","accession_number":"0001493152-26-034187","cik":"0001465470","ticker":null,"issuer_name":"NaturalShrimp Inc","edgar_url":"https://www.sec.gov/Archives/edgar/data/1465470/0001493152-26-034187-index.html","primary_entity_key":"0001465470","primary_entity_name":"NaturalShrimp Inc"},"word_count":884,"has_tables":true,"body_markdown":"**ITEM\n11. EXECUTIVE COMPENSATION**\n\n \n\n*General\nPhilosophy*\n\n \n\nOur\nBoard of Directors is responsible for establishing and administering the Company’s executive and director compensation.\n\n \n\nThe\nfollowing summary compensation table indicates the cash and non-cash compensation earned from the Company during the fiscal years ended\nMarch 31, 2026 and March 31, 2025 by our current principal executive officer and each of the other two highest paid executives whose\ntotal compensation exceeded $100,000 during those years.\n\n \n\n**Summary\nCompensation Table**\n\n \n\nName and Principal Position \nYear \nSalary  \nBonus  \nStock Awards  \nAll Other Compensation  \nTotal \n\nGerald Easterling, \n2026 \n$ -  \n$ -  \n$-  \n$-  \n$- \n\n*Chairman\nof the Board, President and CEO (1)*\n \n2025 \n$180,000  \n -  \n -  \n$14,385  \n$194,385 \n\n  \n  \n    \n    \n    \n    \n   \n\nWilliam Delgado, \n2026 \n$-  \n$-  \n$-  \n$-  \n$- \n\n*CFO (2)* \n2025 \n$160,000  \n$-  \n$-  \n$9,132  \n$169,132 \n\n  \n  \n    \n    \n    \n    \n   \n\nTom Untermeyer, \n2026 \n$-  \n$-  \n$-  \n$-  \n$- \n\n*COO, CTO (3)* \n2025 \n$160,000  \n$-  \n$   \n$8,910 \n$168,910 \n\n  \n  \n    \n    \n    \n    \n   \n\nDavid Antelo, \n2026 \n$-  \n$-  \n$-  \n$-  \n$- \n\nCEO, CFO and Director*(4)* \n  \n    \n    \n    \n    \n   \n\n \n\n(1)\nMr.\nEasterling resigned from his roles as Chief Executive Officer and Director effective March 17, 2026. The Company still owes Mr. Easterling\naccrued compensation the amount of which is currently under discussion with the former employee.\n\n \n \n\n(2)\nMr.\nDelgado resigned from his role as Chief Financial Officer effective March 17, 2026. The Company still owed Mr. Delgado accrued compensation\nthe amount of which is currently under discussion with the former employee.\n\n \n \n\n(3)\n\nMr.\nUntermeyer resigned from his roles as Chief Operating Officer and Chief Technology Officer effective March 17, 2026. The Company still\nowed Mr. Delgado accrued compensation the amount of which is currently under discussion with the former employee.\n\n \n \n\n(4)\nMr. Antelo joined the Company on March 17 2026 and did not receive any compensation for his services provided during the fiscal\nyear ended March 31, 2026.\n\n \n\n11\n\n \n\n \n\n**Employment\nAgreements**\n\n \n\nGerald\nEasterling\n\n \n\nAs\nof April 1, 2015, the Company entered into an employment agreement with Gerald Easterling as the Company’s President, as amended\npursuant to an amendment thereto dated as of May 21, 2021. The agreement as amended provides for an annual base salary of $180,000 and\nthat Mr. Easterling may also receive one or more bonuses at such times and in such amounts as determined in the sole discretion of the\nCompany’s Board of Directors. Mr. Easterling is also entitled to certain benefits including health insurance, reimbursement of\ncell phone costs, and a monthly $500 car allowance. As noted in the table above, Mr. Easterling resigned from the Company effective March\n17, 2026.\n\n \n\nTom\nUntermeyer\n\n \n\nAs\nof November 1, 2017, the Company entered into an employment agreement with Tom Untermeyer as its Chief Technology Officer, as amended\npursuant to an amendment thereto dated as of May 21, 2021. The agreement as amended provides for an annual base salary of $160,000 and\nthat Mr. Untermeyer may also receive one or more bonuses at such times and in such amounts as determined in the sole discretion of the\nCompany’s Board of Directors. As noted in the table above, Mr. Untermyer resigned from the Company effective March 17, 2026.\n\n \n\nWilliam\nDelgado\n\n \n\nAs\nof May 1, 2021, the Company entered into an employment agreement with William Delgado as its Chief Financial Officer. The agreement provides\nfor an annual base salary of $160,000 and that Mr. Delgado may also receive one or more bonuses at such times and in such amounts as\ndetermined in the sole discretion of our Board of Directors. As noted in the table above, Mr. Delgado resigned from the Company effective\nMarch 17, 2026.\n\n \n\nDavid\nAntelo\n\n \n\nAs\nof May 20, 2026, the Company entered into a consulting agreement with Mr. Antelo to provide services as its Chief Executive Officer,\nChief Financial Officer and sole director. The agreement provides for a bi-weekly consulting fee of $5,000 and does not currently include\nany additional employee benefits.\n\n \n\n*Potential\nPayments Upon Termination or Change-in-Control*\n\n \n\nSEC\nregulations state that we must disclose information regarding agreements, plans or arrangements that provide for payments or benefits\nto our executive officers in connection with any termination of employment or change in control of the Company.\n\n \n\nExcept\nas described above, none of our executive officers or directors received, nor do we have any arrangements to pay out, any bonus, stock\nawards, option awards, non-equity incentive plan compensation, or non-qualified deferred compensation.\n\n \n\n*Compensation\nof Directors*\n\n \n\nWe\ndo not compensate our directors for their service on the Board of Directors. However, we intend to review and consider future proposals\nregarding board compensation. All travel and lodging expenses associated with corporate matters are reimbursed by us, if and when incurred.\n\n \n\n*Stock\nOption Plans - Outstanding Equity Awards at Fiscal Year End* \n\n \n\nNone\nof NaturalShrimp’s executive officers held any unexercised options to purchase stock of NaturalShrimp, unvested shares of NaturalShrimp\ncommon or preferred stock, or outstanding equity incentive plan awards at March 31, 2026.\n\n \n\n*Compensation\nCommittee*\n\n \n\nThe\nCompany does not have a separate Compensation Committee. Instead, the Company’s Board of Directors reviews and approves executive\ncompensation policies and practices, reviews salaries and bonuses for other officers, administers the Company’s stock option plans\nand other benefit plans, if any, and considers other matters.\n\n \n\n*Risk\nManagement Considerations*\n\n \n\nWe\nbelieve that our compensation policies and practices for our employees, including our executive officers, do not create risks that are\nreasonably likely to have a material adverse effect on the Company.\n\n \n\n12"}