Addendum to Employment Agreement for Interim CFO Role between LiqTech and Phillip Massie Price
This addendum updates the employment terms for Phillip Massie Price as he assumes the role of Interim CFO at LiqTech starting April 1, 2024. His monthly salary will be 100,000 DKK, and he is eligible for a bonus of up to three months' salary per year. The notice period for resignation is extended to three months, and if the company terminates his employment, the notice period will be the statutory period under Danish law plus two months. All other employment terms remain unchanged.
Exhibit 10.17
LIQTECH
Phillip Massie Price Strandgardsvej 50
4000 Roskilde
Date: 20 March 2024
Addendum for Interim CFO
In connection with you assuming the role of Interim CFO (interim) as of April 1, 2024, there will be the following changes to your employment contract:
| • | Monthly salary as interim CFO per month: 100,000 DKK |
| • | Your bonus will change so that you can achieve up to 3 months' bonus per year. |
| • | Your notice period will be extended by 2 months mutually, so the notice period will be 3 months if the employee wishes to terminate his position. And, in case the company wishes to terminate the employee, the notice will be the applicable rule at any given time according to Danish Funktionaerloven + 2 months. |
The above terms apply as long as you hold the position of interim CFO. All other terms in your employment contract remain unchanged.
I look forward to a close future collaboration.
Best regards,
/s/ Fei Chen
Fei Chen
CEO
For accept:
/s/ Phillip Massie Price
Phillip Massie Price
| LiqTech | +45 4498 6000 | |
| ln dustr iparken 22 C | info@liqt ech.com | |
| 2750 Balle rup, Denma rk | liqtech.com | CVR 25 12103 1 |
