0001844224-23-000046 Sample Contracts

CONSULTANCY AGREEMENT
Consultancy Agreement • August 10th, 2023 • FREYR Battery • Miscellaneous electrical machinery, equipment & supplies

This Consultancy Agreement (this “Agreement”) is entered into by and between FREYR Battery, a company in the form of a public limited liability company (société anonyme) incorporated under the laws of Luxembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Trade and Companies Register (Registre de Commerce des Sociétés) under number B 251199 (the “Company”) and Tom Einar Jensen, a resident of Hoffsjef Løvenskiolds vei 3B, 0382 Oslo Norway (the “Consultant”). The Consultant and the Company are referred to herein individually as Party and collectively as Parties.

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This CONTRACT OF EMPLOYMENT (the "Contract") is made between
Contract of Employment • August 10th, 2023 • FREYR Battery • Miscellaneous electrical machinery, equipment & supplies
AMENDED AND RESTATED SETTLEMENT AGREEMENT
Settlement Agreement • August 10th, 2023 • FREYR Battery • Miscellaneous electrical machinery, equipment & supplies

Freyr Battery Norway AS, a company incorporated in Norway with the organization number 929 340 019, the successor of Freyr AS, (the "Company");

RETIREMENT OF EXECUTIVE CHAIRMAN AGREEMENT (the Retirement Agreement)
Retirement of Executive Chairman Agreement • August 10th, 2023 • FREYR Battery • Miscellaneous electrical machinery, equipment & supplies

The Parties agree that the role of an executive chairman of the Company contemplated by the executive chairman agreement dated 3 June 2021 and its annexes (the Agreement) shall terminate with immediate effect. The termination of the role as executive chairman shall be governed by the provision of this Retirement Agreement, supplemented by the provisions of the Agreement as applicable:

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