{"url_path":"/sec/mpu/10-k/2026/item-6","section_key":"item-6","section_title":"Item 6 DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES**","topic":"sec","document":{"doc_type":"20-F/A","doc_date":"2026-04-27","source_url":"https://www.sec.gov/Archives/edgar/data/1953021/0001213900-26-047696-index.html","accession_number":"0001213900-26-047696","cik":"0001953021","ticker":"MPU","issuer_name":"Mega Matrix Inc","edgar_url":"https://www.sec.gov/Archives/edgar/data/1953021/0001213900-26-047696-index.html","primary_entity_key":"0001953021","primary_entity_name":"Mega Matrix Inc"},"word_count":782,"has_tables":true,"body_markdown":"**Item 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES**\n\n \n\n**B. Compensation**\n\n \n\nIn 2025, we paid an aggregate\nof $1.02 million in cash to our executive officers. We have not set aside or accrued any amount to provide pension, retirement or other\nsimilar benefits to our executive officers and directors.\n\n \n\n**Benefit Plans**\n\n** **\n\nWe do not have any profit\nsharing plan or similar plans for the benefit of our officers, directors or employees. However, we may establish such plan in the future.\n\n \n\n**Equity Compensation Plan Information**\n\n \n\nOn December 29, 2021, shareholders\nof MPU DE approved the 2021 Equity Incentive. On December 15, 2023, shareholders of MPU DE approved the amended and restated 2021 Equity\nIncentive Plan (“2021 Plan”). The 2021 Plan allows for the award of stock and options, up to 1,580,000 Class A ordinary shares.\nPlease see “Item 6. Directors, Senior Management and Employees—B. Compensation” for grant of shares or restricted stock\nunits to our executive officers. During fiscal year 2025, a total of 361,500 Class A ordinary shares were granted under 2021 Plan. As\nof December 31, 2025, no options and restricted share were outstanding under the 2021 Plan.\n\n \n\nOn August 15, 2025, the shareholders\nof the Company approved the Company’s 2025 Equity Incentive Plan (“2025 Plan”). Pursuant to the terms of the 2025 Plan,\nthe number of authorized shares automatically resets on the first day of each calendar year during the term of the Plan, commencing on\nJanuary 1, 2026, and continuing until (and including) January 1, 2035 (provided, however, that the maximum number of Class A Ordinary\nShares that may be issued through 2025 Plan is set at eight million (8,000,000)) to a number of Class A Ordinary Shares equal to the lesser\nof (i) ten percent (10%) of the total number of Class A Ordinary Shares issued and outstanding on December 31 of the calendar year immediately\npreceding the date of such increase, and (ii) a number of Class A Ordinary Shares determined by the Board. Accordingly, as of January\n1, 2026, the authorized number of Class A Ordinary Shares under the 2025 Plan was reset to an aggregate of 14,192,688 shares, of which\neight million (8,000,000) shares have been authorized as incentive stock options. During fiscal year 2025, a total of 7,955,000 Class\nA ordinary shares were issued under 2025 Plan. As of December 31, 2025, no options and restricted share were outstanding under the 2025\nPlan.\n\n** **\n\n**Long-term incentive plans**\n\n \n\nNo long term incentive awards were granted by us\nin the last fiscal year.\n\n** **\n\n1\n\n \n\n \n\n**Pension Benefits**\n\n \n\nNone of our named executive\nofficers participate in or have account balances in qualified or nonqualified defined benefit plans sponsored by it.\n\n \n\n**Nonqualified Deferred Compensation**\n\n \n\nNone of our named executive\nofficers participate in or have account balances in nonqualified defined contribution plans or other deferred compensation plans maintained\nby it.\n\n \n\n**Compensation of Non-Executive Directors**\n\n \n\nThe Company executed a standard\nform of indemnification agreement (“Indemnification Agreement”) with each of its Board members and executive officers (each,\nan “Indemnitee”). Pursuant to and subject to the terms, conditions and limitations set forth in the Indemnification Agreement,\nthe Company agreed to indemnify each Indemnitee, against any and all expenses incurred in connection with the Indemnitee’s service\nas our officer, director and or agent, or is or was serving at the Company’s request as a director, officer, employee, agent or\nadvisor of another corporation, partnership, joint venture, trust, limited liability company, or other entity or enterprise but only if\nthe Indemnitee acted in good faith and in a manner he/she reasonably believed to be in or not opposed to our best interest, and in the\ncase of a criminal proceeding, had no reasonable cause to believe that his/her conduct was unlawful. In addition, the indemnification\nprovided in the indemnification agreement is applicable whether or not negligence or gross negligence of the Indemnitee is alleged or\nproven. Additionally, the Indemnification Agreement establishes processes and procedures for indemnification claims, advancement of expenses\nand costs and contribution obligations.\n\n** **\n\n**Employment Agreements with Executive Officers**\n\n \n\nOn October 25, 2022, the Board\nof MPU DE approved the increase to Mr. Hu’s annual base salary from $1.00 to $192,000, effective as of October 16, 2022. Mr. Hu’s\nemployment is at-will and may be terminated at any time for any reason. \n\n \n\nIn connection with Ms. Ma’s\nappointment as Chief Financial Officer, Company Secretary and Treasurer of MPU DE, Ms. Ma entered into standard form of employment agreement,\neffective as of December 23, 2025, for a term of two (2) years, which provides for an annual base salary of $120,000. \n\n \n\nFor the year ended December\n31, 2025, a total of 361,500 restricted stock units were granted to our executive officers under the 2021 Plan.\n\n \n\n2\n\n \n\n \n\n**PART III**"}