Amendment to Offer Letter Between American Battery Technology Company and Ryan Melsert
American Battery Technology Company and Ryan Melsert have amended their original offer letter dated July 31, 2022. The amendment allows Melsert to make a one-time choice to receive 75,000 restricted stock units (RSUs) and 75,000 warrants (exercisable at $2.00 per share for five years) instead of $150,000 in cash compensation. These equity awards vest immediately when Melsert becomes entitled to the $150,000 cash compensation. The amendment is signed by both parties and dated March 15, 2024.
Exhibit 10.2
AMENDMENT TO OFFER LETTER
American Battery Technology Company, a Nevada corporation (the “Company”) and Ryan Melsert do hereby amend the Offer Letter dated July 31, 2022, 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 75,000 RSUs and 75,000 warrants with a five-year expiration at an exercise price of $2.00 per share in lieu of $150,000 in cash compensation. The RSUs and warrants shall vest immediately upon you being entitled to receive cash compensation in the amount of $150,000.
| American Battery Technology Company, a Nevada corporation
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| Signature: | /s/ Ryan Melsert, March 15, 2024 | Signature: | /s/ Ryan Melsert, March 15, 2024 | |
| Name: | Ryan Melsert, CEO | Name: | Ryan Melsert | |
Signature: | /s/ Andrés Meza, March 15, 2024 |
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| Andrés Meza, COO | ||||
