Amendment to Offer Letter between American Battery Technology Company and Andrés Meza
American Battery Technology Company and Andrés Meza have amended their original offer letter dated January 3, 2023. The amendment allows Andrés Meza, through a one-time election, to receive 50,000 restricted stock units (RSUs) and 50,000 warrants (exercisable at $2.00 per share for five years) instead of $100,000 in cash compensation. The RSUs and warrants vest immediately once Meza is entitled to the $100,000 cash compensation. Both parties signed the amendment on March 15, 2024.
Exhibit 10.3
AMENDMENT TO OFFER LETTER
American Battery Technology Company, a Nevada corporation (the “Company”) and Andrés Meza 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 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 50,000 RSUs and 50,000 warrants with a five-year expiration at an exercise price of $2.00 per share in lieu of $100,000 in cash compensation. The RSUs and warrants shall vest immediately upon you being entitled to receive cash compensation in the amount of $100,000.
| American Battery Technology Company, a Nevada corporation | ||||
| Signature: | /s/ Ryan Melsert, March 15, 2024 | Signature: | /s/ Andrés Meza, March 15, 2024 | |
| Name: | Ryan Melsert | Name: | Andrés Meza | |
