Amendment to Offer Letter Between American Battery Technology Company and Scott Jolcover
American Battery Technology Company and Scott Jolcover have amended their original offer letter dated January 3, 2023. The amendment allows Scott Jolcover to make a one-time election to receive 11,500 restricted stock units (RSUs) and 11,500 warrants (with a five-year expiration and a $2.00 exercise price) instead of $23,000 in cash compensation. The RSUs and warrants vest immediately when Jolcover becomes entitled to the $23,000 cash compensation. Both parties signed the amendment on March 15, 2024.
Exhibit 10.1
AMENDMENT TO OFFER LETTER
American Battery Technology Company, a Nevada corporation (the “Company”) and Scott Jolcover do hereby amend the Offer Letter dated January 3, 2023, as follows:
To Schedule A, Section A, Compensation, a new subsection shall be added as follows: “6. One-Time Equity Election: In addition to any other equity election to which you may be entitled, at your request you may elect to receive a portion of your cash compensation in equity. Through a one-time election, you may receive 11,500 RSUs and 11,500 warrants with a five-year expiration at an exercise price of $2.00 per share in lieu of $23,000 in cash compensation. The RSUs and warrants shall vest immediately upon you being entitled to receive cash compensation in the amount of $23,000.
| American Battery Technology Company, a Nevada corporation
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Signature: | /s/ Ryan Melsert, March 15, 2024 | Signature: | /s/ Scott Jolcover, March 15, 2024 | |
Name: | Ryan Melsert | Name: | Scott Jolcover | |
