Rare Element Resources Ltd – Amendment to Employment Agreement Between Rare Element Resources, Inc., and Jaye T. Pickarts Dated March 1, 2011 (The "Employment Agreement") (January 21st, 2016)
This letter agreement confirms a change to your Employment Agreement referenced above as of January 11, 2016. As you are aware, the Board of Directors (the "Board") has instructed the Company to achieve certain objectives, including seeking strategic partners and raising additional capital, in early 2016 and your commitment and involvement in those objectives is deemed key to our success. Given other cost conservation measures, including reduction in personnel, we anticipate your involvement as the Company's Chief Operating Officer to continue to be full time, through at least March 31, 2016, however, cost reduction is critical to our success.
Rare Element Resources Ltd – EMPLOYMENT AGREEMENT BETWEEN Rare Element Resources, Inc. And Jaye T. Pickarts (September 28th, 2011)
THIS EMPLOYMENT AGREEMENT (Agreement), dated effective as of March 1, 2011 (Effective Date), is by and between Rare Element Resources, Inc., a Wyoming corporation (the Company) and Jaye Pickarts (Pickarts). The Company agrees to employ Pickarts and Pickarts agrees to accept such employment upon the following terms and conditions: