EXECUTIVE EMPLOYMENT AGREEMENT
This EXECUTIVE EMPLOYMENT AGREEMENT (the Agreement) is made and entered into by and between AVITA Medical, Inc. and AVITA Medical Americas, LLC. (collectively, the Company) and Michael Holder, an individual (the Executive) with reference to the following:
WHEREAS, the Company desires to employ Executive to serve as the Chief Financial Officer of the Company;
WHEREAS, the Executive is willing to serve in the role of Chief Financial Officer of the Company and provide services to the Company and its subsidiaries and affiliates under the terms and conditions stated herein,
WHEREAS, the Executive would serve as Chief Financial Officer of the Company, effective as of March 22, 2021 (the Effective Date),
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, and intending to be legally bound, it is hereby agreed by and between the parties hereto as follows:
1.1 Employment. The Company hereby employs the Executive as the Chief Financial Officer of the Company and the Executive hereby accepts such employment as of the Effective Date pursuant to the terms and conditions set forth herein. The Executive shall report directly to the Chief Executive Officer (CEO).
1.2 Duties. The Executive shall perform, to the best of h is ability and in a manner satisfactory to the CEO, all such duties that are consistent with Executives title and position, and such other duties as may reasonably be assigned to him by the CEO. The Executives duties will be conducted principally from the Companys North America office, currently located in Valencia, California, or at such other location as determined by the CEO (but subject to the terms of this Agreement), with travel to such other locations from time to time as reasonably required.
1.3 Time and Efforts. The Executive shall devote his full business time and provide his best efforts, attention, and energies to the business of the Company, and its subsidiaries and affiliates, and to the performance of Executives duties hereunder, and Executive shall not engage in any other business, profession or occupation for compensation or otherwise during the employment period without the prior written consent of the Board of Directors (the Board); provided that, nothing herein shall preclude Executive from serving in any capacity with any civic, educational, or charitable organization, and provided, further that, in each case, and in the aggregate, such services do not materially conflict or interfere with Executives obligations to the Company, and its subsidiaries and affiliates hereunder and such service is disclosed in advance by Executive to the Board. Notwithstanding the above, the Executive may serve as outside