Amendment to Employment Agreement between Solis Tek Inc. and Tiffany Davis (August 27, 2018)
This amendment updates the employment agreement between Solis Tek Inc. and Tiffany Davis, effective August 27, 2018. It changes the terms regarding stock options, granting Ms. Davis the right to purchase 750,000 shares of Solis Tek Inc. common stock at $0.94 per share, exercisable at any time within five years. All other terms of the original agreement remain unchanged.
Exhibit 10.01
SOLIS TEK INC.
853 Sandhill Avenue
Carson, California 90746
August 27, 2018
VIA EMAIL
Tiffany Davis
c/o Solis Tek Inc.
853 Sandhill Avenue
Carson, California 90746
Re: Amendment to Employment Agreement
Dear Ms. Davis:
This letter shall serve as an amendment to the employment agreement dated August 22, 2018 by and between Solis Tek Inc. and Tiffany Davis (the “Agreement”). Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Agreement. The last sentence of Section 3(f) of the Agreement is hereby amended and replaced in its entirety with the following:
“On the Effective Date, the Company shall grant to Executive an option to purchase 750,000 shares of the Company’s common stock, exercisable at any time, for a period of five (5) years at $0.94 per share.”
The foregoing amendment shall be effective as of August 27, 2018.
| SOLIS TEK INC. | ||
| /s/ ALAN LIEN | ||
| By: | Alan Lien | |
| Title: | Chief Executive Officer | |
Accepted to and agreed this
27th day of August, 2018:
| /s/ TIFFANY DAVIS | |
| Tiffany Davis |
