September 22, 2017
Exhibit 10.1
September 22, 2017
Xxxx Xxxxxx
President, Chief Executive Officer
0000 Xxxxx 0000 Xxxx
Xxxx Xxxx Xxxx, XX 00000
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Re: |
Employment Agreement between Great Basin Scientific, Inc. and Xxxxxxx Xxxx |
Dear Xx. Xxxxxx:
This letter constitutes and amendment of the Employment Agreement between Great Basin Scientific, Inc. (“Great Basin”) and Xxxxxxx Xxxx (“Mr. Rona”) (collectively, the “Parties.”) (the “Agreement”). Pursuant to paragraph 25 of the Agreement, by the Parties’ signatures below, the Parties agree to the following amendments to the Agreement:
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1. |
“Agreement Section (1) Employment” is hereby modified as follows: The fourth sentence in this paragraph shall state “Employee will devote approximately 20 hours per week to achieving the purpose and discharging the responsibilities assigned Employee.” The seventh sentence shall state “During Employee’s employment, Employee may engage in other business activities, provided that those business activities do not, in the reasonable judgment of the CEO of Employer, conflict with the duties of Employee under this Agreement, whether or not such activity is pursued for gain, profit or other pecuniary advantage.” |
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2. |
“Agreement Section (3) Base Salary” is hereby modified as follows: “Employer will pay to Employee a base salary (“Base Salary”) at an annual rate of $104,000 in such installments (but in no event less than monthly), subject to withholdings and deductions as required or permitted by law, as is Employer’s policy with respect to other employees.” |
Sincerely,
/s/ Xxxxxxx Xxxx
________________________________
Xxxxxxx Xxxx
Xxxx Xxxxxx
Page 2
____________________
EMPLOYER:
/S/ Xxxx Xxxxxx
By: ____________________________
Name: Xxxx Xxxxxx
Title: President, CEO