David Burt Waiver of Termination Rights Related to GreenCell Office Relocation
David Burt, CTO and Director of GreenCell, agrees to waive his rights under section 5(f)(iii) of his employment agreement that would have allowed him to terminate his employment for 'good reason' due to the company's relocation from Central Florida to New York. By signing this letter, he also waives any post-termination payments that would have been owed to him specifically because of this office move. This waiver is addressed to GreenCell's Board of Directors and is effective as of October 6, 2010.
Exhibit 10.13
| Date: | October 6, 2010 | |
| To: | Board of Directors |
I, David Burt, hereby waive any rights pertaining to 5(f)(iii) of my employment agreement with GreenCell as provided for in Exhibit 10.6 of GreenCell’s Form S-1 Registration Statement filing. Specifically, I hereby waive any of my termination rights with good reason due to the location of GreenCell’s principal executive offices out of Central Florida to New York state, including the waiver of any post termination payments specifically in connection with the relocation of GreenCell’s offices to New York.
| s/s |
| David Burt, CTO, Director |
