Mark Radom Resignation Letter to Graphite Corp. (March 3, 2016)

Summary

Mark Radom submitted his resignation as director and chief executive officer of Graphite Corp., effective 30 days from March 3, 2016, citing failure to receive agreed monetary and share-based compensation. He reserves the right to withdraw his resignation within the 30-day period and may pursue legal action for breach of fiduciary duty and failure to issue shares. Radom also states he will file a Form 8-K to report this event.

EX-10.1 2 grph_ex10.1.htm MARK RADOM RESIGNATION LETTER grph_ex10.1.htm

EXHIBIT 10.1

Mark Radom

1/2 Nachal Maor

Ramat Bet Shemesh

Israel 99623

3 March 2016

Yehuda Eliraz

Director

Graphite Corp.

Jerusalem, Israel

Re: Resignation

Dear Yehuda:

In your capacity as director of Graphite Corp., I am hereby informing you of my resignation, effective 30 days from now, as director and chief executive officer for cause under Section 5.1(e)(i) for failure to pay monetary and share-based compensation. I have asked you on many occasions to sign the board resolution to issue my shares and you have refused to do so each time, starting in January 2015. I hereby reserve the right to rescind and/or cancel this resignation in my sole discretion at any time prior to the expiry of the 30-day period. I also reserve the right to sue you for, among other things, breach of fiduciary duty and for failure to issue my shares. I will prepare and file a current report on Form 8-K to report this transaction.

Mark Radom