Partial Waiver of Compensation Upon Termination by Steven Staehr and Adamas One Corp.
Steven Staehr has agreed to give up his right to receive 83,333 out of 200,000 shares of Adamas One Corp. stock that he would have been entitled to if his employment is terminated. This waiver is part of his Executive Employment Agreement with Adamas One Corp. and is effective as of November 2, 2022. By signing, Mr. Staehr also gives up any legal claims related to this waiver.
Exhibit 10.3(a)
Partial Waiver of Compensation Upon Termination
I, Steven Staehr, (“Employee”), as of November 02, 2022, hereby agree to waive and terminate 83,333 common shares of Adamas One Corp. stock out of the 200,000 common shares of Adamas One stock, due under Section 9(d) of my Executive Employment Agreement with Adamas One Corp. (“Employer”), if and when I am terminated by the Employer. Employee hereby irrevocably waives any and all claims, demands, suits, actions, causes of action and rights whatsoever at law or in equity, now existing or arising relating to this Partial Waiver of Compensation Upon Termination.
AGREED AND ACCEPTED TO:
| /s/ Steven Staehr | |
| Steven Staehr |
