EXHIBIT 10.1
SECOND AMENDMENT TO RESTRICTED STOCK GRANT AGREEMENT WITH XXXXX X. XXXXXX
SECOND AMENDMENT
TO
RESTRICTED STOCK GRANT AGREEMENT
This Second Amendment to Restricted Stock Grant Agreement (the
"Amendment") is made as of this 26th day of August 2014 by and between Solar3D,
Inc., a Delaware corporation ("Solar3D"), and Xxxxx X. Xxxxxx ("Grantee") with
respect to the following facts:
RECITALS
A. Solar3D and Grantee have entered into that certain Restricted
Stock Grant Agreement, dated as of September 23, 2013, as
amended on May 1, 2014 (collectively, the "Agreement").
B. Solar3D and Grantee believe it is in the best interests of
both Solar3D and Grantee to amend the timing for issuance of
vested Shares under the Agreement.
C. The terms used in this Amendment will have the meanings
ascribed to them in the Agreement unless otherwise defined
herein.
NOW, THEREFORE, for one dollar and other good and valuable
consideration, THE PARTIES HERETO AGREE AS FOLLOWS:
1. AMENDMENT.
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The last sentence of Section 2.2 of the Agreement is hereby
amended and restated as follows: "The monthly vested Shares, if any, shall be
issued to the Grantee within five (5) business days after the last day of each
month."
2. EFFECT OF AMENDMENT.
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The Agreement will remain in full force and effect except as
specifically modified by this Amendment. In the event of any conflict between
the Amendment and the Agreement, the terms of this Amendment will govern.
3. COUNTERPARTS.
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This Amendment may be executed simultaneously in any number of
counterparts, each of which counterparts will be deemed to be an original and
such counterparts will constitute but one and the same instrument.
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IN WITNESS WHEREOF, this Amendment is executed as of the date first
above written.
SOLAR3D: SOLAR3D, INC.
By:/s/ Xxxx Xxxxxxxxxx
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Xxxx Xxxxxxxxxx, Director
By:/s/ Xxxx X. Xxxxxxxxxx
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Xxxx X. Xxxxxxxxxx, Director
GRANTEE: /s/ Xxxxx X. Xxxxxx
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Xxxxx X. Xxxxxx
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